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<p>[QUOTE="verybrad, post: 3958, member: 37"]Who knows why auction houses do what they do. I once sent a good Indiana impressionist painting to Jacksons who seem to be best for this genre. They allowed me a $1500.00 reserve but figured the painting could go for 3K or more. Once they had it in hand, they decided to offer it as first lot for the auction despite my misgivings. The painting did not meet reserve in the bidding but they were able to come up with a buyer for the reserve once it was revealed. Later paintings in the auction of similar ilk exceeded estimates. I understand that auctioneers want to kick off auctions with something good but my experience is that first lots underperform. People seem to need to get warmed up to bidding. I was happy with the profit but a bit disappointed in the experience. I can only guess that they felt that, since my painting had a reserve, they could risk it as first lot. OK for them but not necessarily in my best interest.[/QUOTE]</p><p><br /></p>
[QUOTE="verybrad, post: 3958, member: 37"]Who knows why auction houses do what they do. I once sent a good Indiana impressionist painting to Jacksons who seem to be best for this genre. They allowed me a $1500.00 reserve but figured the painting could go for 3K or more. Once they had it in hand, they decided to offer it as first lot for the auction despite my misgivings. The painting did not meet reserve in the bidding but they were able to come up with a buyer for the reserve once it was revealed. Later paintings in the auction of similar ilk exceeded estimates. I understand that auctioneers want to kick off auctions with something good but my experience is that first lots underperform. People seem to need to get warmed up to bidding. I was happy with the profit but a bit disappointed in the experience. I can only guess that they felt that, since my painting had a reserve, they could risk it as first lot. OK for them but not necessarily in my best interest.[/QUOTE]
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