How to read a condition report
What "some foxing", "a later frame" and "as found" actually mean, and why the sentence that is not there matters more than the ones that are.
Read itNotes from the departments
The Journal
Written by the people who catalogue the lots, about the parts of the business that are usually explained badly or not at all.
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Why the hammer price is not the price
Buyer's premium, sales tax, resale rights and the arithmetic that turns a $45,000 hammer into a $57,150 invoice.
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What provenance is actually worth
A chain of ownership can add half again to a price, or nothing at all. What separates the two is not fame but continuity.
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The reserve, and what happens when a lot passes
A reserve set too high is the commonest reason a good object fails to sell — and passing is not the disaster people assume.
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