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Auction catalog for a small 'Famille-Rose' toothpick holder from the Qing Dynasty, specifically the Qianlong period, detailing its characteristics, estimate, and comparison to similar pieces.
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How to fill out Sotheby's Auction Lot
01
Start by gathering all necessary information about the item you wish to auction.
02
Provide a detailed description of the item, including its history, condition, and any provenance.
03
Take high-quality photographs of the item from multiple angles.
04
Fill in the lot title with a concise and informative name for the item.
05
Set an estimated value for the item based on recent sales data and expert opinions.
06
Choose the appropriate category for the item to ensure it reaches the right audience.
07
Include any relevant documentation or certificates of authenticity.
08
Review the completed lot details for accuracy before submission.
09
Submit the Auction Lot form to Sotheby's for approval.
Who needs Sotheby's Auction Lot?
01
Collectors looking to sell high-value items.
02
Individuals wanting to auction unique or rare pieces.
03
Estate executors managing the sale of inherited items.
04
Art and antique dealers seeking to expand their inventory.
05
Investors looking to acquire valuable assets through auction.
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People Also Ask about
What percentage does Sotheby's take seller?
Success Fee An amount retained from the seller by Sotheby's that is equivalent to 2% of the hammer price for any lot with a hammer price that exceeds its high estimate.
What percentage does Sotheby's take at auction?
At the moment, Sotheby's official position is that "Sotheby's standard seller's commission is 10% of the hammer price" — that the seller generally ends up receiving only 90% of the hammer price.
Can you just go to a Sotheby's auction?
All of Sotheby's auctions are free and open to the public.
Is Sotheby's overpriced?
Cons: Very overpriced. When they take bags for private sales they assess its value. They then add a markup of approximately 17 - 22%
Which is better, Christie's or Sotheby's?
Sotheby's excels in American furniture and photography. Christie's excels in European furniture, books, and manuscripts. Both of them market themselves for having fantastic jewelry collections. Yet, due to their similarities, who people choose to buy and sell to largely comes down to “who's nicer” when they meet them.
What percentage does Christie's auction house take?
How Do Auction Fees Work? The seller's commission at major auction houses, such as Christie's or Sotheby's, is 15%. On top of that, you'll be asked to pay shipping, LDL (loss, damage and liability insurance), as well as a hefty marketing and cataloguing fee. These are negotiable fees when it comes to consignment.
What is the profit margin on Sotheby's?
She said that Sotheby's reported a profit margin of 1.7 percent in 2019, while major luxury companies typically report profits of 20 percent or more. “Auction houses have been selling luxury objects, like handbags and jewelry, for years,” she said.
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What is Sotheby's Auction Lot?
A Sotheby's Auction Lot is a specific item or group of items that are offered for sale at a Sotheby's auction, where bidders compete to purchase the item.
Who is required to file Sotheby's Auction Lot?
Sellers consigning items to the auction are required to file Sotheby's Auction Lot documentation to formally list their items for sale.
How to fill out Sotheby's Auction Lot?
To fill out a Sotheby's Auction Lot, sellers must provide detailed information about the item, including its description, provenance, estimated value, and any relevant photographs.
What is the purpose of Sotheby's Auction Lot?
The purpose of a Sotheby's Auction Lot is to facilitate the sale of valuable items through a structured auction process, allowing buyers and sellers to transact in a transparent environment.
What information must be reported on Sotheby's Auction Lot?
The information that must be reported on a Sotheby's Auction Lot includes the item's title, description, condition, provenance, estimated value, and any applicable reserve prices.
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