Message:

<p>[QUOTE=&quot;AncientJoe, post: 3347580, member: 44357&quot;]This can also be misleading. The ratio of final price to estimate is not indicative of the success or failure of a sale. Estimates can be set for a variety of reasons and with bias in either direction: perhaps the consignor wanted reserves, requiring high estimates or perhaps the auction house wanted to advertise &quot;5x estimates&quot; so they started everything irrationally low.</p><p><br /></p><p>I think the most I&#039;ve paid over estimate was 20x and the least was 60% of estimate (the open). I wouldn&#039;t have changed my bid for either of them if the estimates were different or if the lots opened at $1.[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in