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Articles with tag "provenance"
The Future of Auctions: Technologies Transforming Bidding
Auction houses, once considered bastions of conservatism, are actively entering the digital age. Today, participating in auctions no longer requires a physical presence in the room. Thanks to mobile apps and online platforms, one can bid on art, antiques, or collectible cars from anywhere in the world with just a smartphone.
auction-school
#auctions#digital-transformation#artificial-intelligence+5
How is the starting price for a lot determined?
The starting price of a lot at auction is rarely pulled out of thin air. It is based on an estimate—a preliminary valuation of the item determined by the auction house's experts. This is not the exact sale price, but rather a projected range within which the lot is expected to sell.
auction-school
#auction#estimate#starting-price+5