MADAM – At what point is the auction world going to own up and confront the shame of poor valuing?
I’m not talking about a few pounds above or below an auction estimate, I am talking about the items which sell for 10 times, 100 times, or greater, than their auction estimate.
Make no mistake, the vendor is paying the auction room to sell that item and is relying on their ‘expertise’ to have valued it correctly.