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Month: December 2018

Price estimates at Liveauctioneers

Price estimates at Liveauctioneers

Of course, Catawiki is not the only auction house that provides unreliable and inconsistent price estimates for their lots. I have written before on how important price estimates are and what their real purpose is. They should serve as a reliable guide for potential buyers who are not experts in the respective field. Instead, they are being used as a marketing tool, and it is being done in a very shameful, unethical manner. These inflated estimates are used to delude…

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How much a lot should cost: Auctioneer’s price estimate

How much a lot should cost: Auctioneer’s price estimate

Auctioneer’s or expert’s price estimate in theory It really does not matter what terminology a specific auction site uses: Catwiki calls it “expert’s estimate” (previously they called it “auctioneer’s estimate), liveauctioneers and bidsquare call it “estimate” – they all imply that an expert has evaluated that particular item and determined what, according to his/her expert opinion, a fair market value of this item is. In other words, an expert signals us, potential buyers, that the final auction price (winning bid)…

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