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<p>[QUOTE="laura9797, post: 10330106, member: 9323"]Might not have sold at all. If you look at the bidding history, there was an internet bid (legit bid) then competing bids back to back. Likely the auction house was running up the bid. Back when I catalogued for my first auction house, we were taught to study to bidding behavior before considering that 'sold' result as a true comparable. We were also told to look for that same item up for sale again. The consignor might have had a reserve and they didn't want to have a low bid amount on record for that artist in case of a resale. Now they could also be selling the same time on invaluable or bidsquare but that would have been a red flag for us.[/QUOTE]</p><p><br /></p>
[QUOTE="laura9797, post: 10330106, member: 9323"]Might not have sold at all. If you look at the bidding history, there was an internet bid (legit bid) then competing bids back to back. Likely the auction house was running up the bid. Back when I catalogued for my first auction house, we were taught to study to bidding behavior before considering that 'sold' result as a true comparable. We were also told to look for that same item up for sale again. The consignor might have had a reserve and they didn't want to have a low bid amount on record for that artist in case of a resale. Now they could also be selling the same time on invaluable or bidsquare but that would have been a red flag for us.[/QUOTE]
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