Archive for December, 2008

The New Sotheby’s Bidding Scam-Irrevocable Bids

Wednesday, December 24th, 2008

Here is the latest attempt by Sotheby’s to confound and confuse bidders, the irrevocable bid. If you are unfamiliar with it then read their rules on their key to symbols in their catalogue: http://www.sothebys.com/app/live/share/ShareSymbols.jsp?event_id=28772 Lots with this symbol ” ” indicate that a party has provided Sotheby’s with an irrevocable bid on the lot that [...]

Posted in antiques, antiques dealer, auction, buyer's premium, irrevocable bid, reserve price, Sotheby's | 7 Comments »

Antiques Dealers vs. Auctioneers, Opportunities for Both

Wednesday, December 3rd, 2008

It seems very true, that changes in economic conditions offer unforeseen opportunities. The economy of the world has morphed dramatically since the days of Adam Smith and the Industrial Revolution, but human nature is still pretty consistent. An ability to blend intelligence and ambition can be a very productive cocktail. Dealers and auctioneers have a [...]

Posted in antiques, antiques dealer, antitrust, auction, Christie's, dealer organizations, reserve price, Sotheby's | No Comments »