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<p>[QUOTE=&quot;Bronwen, post: 370158, member: 5833&quot;]Sotheby&#039;s estimated in advance that the lot would sell for approx. 8,000 - 12,000 pounds.&nbsp; It actually sold for 30,000 pounds.&nbsp; The 2 things to know about that figure is that it probably includes the buyer&#039;s premium, a percentage the buyer had to pay the auction house on top of the &#039;hammer price&#039;, the amount the auctioneer announced right before declaring the lot sold &amp; bringing the gavel down to end that sale.&nbsp; However, since the buyer was willing to pay another 25-30% on top of the hammer price, you can consider 30,000 approx. the amount paid for your purposes.&nbsp; The other thing to know is that houses may underestimate realized prices, just so they can point to the remarkable results they have achieved with previous lots when trying to sell their services to future potential consignors.&nbsp; If a comparable set had not been at auction for a while, they had only what they knew of the history of this one to go by, so they were really just guessing.[/QUOTE]</p><p><br /></p>

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