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Articles with tag "starting-price"

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.

November 28, 2025auction-school

#auction#estimate#starting-price+5

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