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ARS in St. Louis, small 15th C. Buddha
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<p>[QUOTE="Jeff Drum, post: 337997, member: 6444"]You have pay close attention to what the appraiser says. Sometimes the appraiser gives auction value. That is auction estimate, and anyone who has bought or sold at auction knows you shouldn't expect to get more than 1/2 of that minus commission (though sometimes it is a lot more or less depending on the crowd and whether you set a minimum starting price). Sometimes the appraiser gives retail value, which is about two times the auction value. And sometimes the appraiser gives insurance value, which about two times the retail value.</p><p><br /></p><p>In short, the estimates they give are at least double, and up to eight times what you can expect to sell something for at a well-advertised auction. If you have a well-known shop that specializes in that type of item then you may be able to approach the retail value - but not at a typical auction mall where you're pretty much back to auction value.</p><p><br /></p><p>That is how I view it, at any rate.[/QUOTE]</p><p><br /></p>
[QUOTE="Jeff Drum, post: 337997, member: 6444"]You have pay close attention to what the appraiser says. Sometimes the appraiser gives auction value. That is auction estimate, and anyone who has bought or sold at auction knows you shouldn't expect to get more than 1/2 of that minus commission (though sometimes it is a lot more or less depending on the crowd and whether you set a minimum starting price). Sometimes the appraiser gives retail value, which is about two times the auction value. And sometimes the appraiser gives insurance value, which about two times the retail value. In short, the estimates they give are at least double, and up to eight times what you can expect to sell something for at a well-advertised auction. If you have a well-known shop that specializes in that type of item then you may be able to approach the retail value - but not at a typical auction mall where you're pretty much back to auction value. That is how I view it, at any rate.[/QUOTE]
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