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Curious about the most expensive items sold on eBay? From a gigayacht to a U.S. town, here are 10 of the most extravagant listings we could find.
Date of sale Seller Buyer Auction house Refs $181.6 $141.3 L'Homme au doigt: Alberto Giacometti: 1947 11 May 2015: Sheldon Solow: Private collection: Christie's, New York [12] $145.7 $104.3 L'Homme qui marche I: Alberto Giacometti: 1961 3 February 2010: Commerzbank: Lily Safra: Sotheby's, London [2] $130 $101.0 Chariot: Alberto Giacometti: 1950 ...
An art auction at Christies An art curator, Anne Pontégnie An art collector An art opening An art dealer An art exhibition An art gallery An art studio visit. Art valuation, an art-specific subset of financial valuation, is the process of estimating the market value of works of art.
The auction house is the physical facility where the objects are catalogued, displayed, and presented to the perspective buyers through a bidding process system. An auction house The private individual or company managing the house, usually offer services such as clearances, collection of items, shipping, while also advising through valuations ...
Major auction houses have levied the buyer's premium for several decades, particularly in fine art auctions, with percentages in the region of 10–30%. [2] In real estate auctions in many European countries, the buyer's premium, if charged at all, is much less (2–2.5%). More recently in the UK, however, repossessed properties have been ...
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Proxy bidding is an implementation of an English second-price auction used on eBay, in which the winning bidder pays the price of the second-highest bid plus a defined increment. It differs from a Vickrey auction in that bids are not sealed; the "current highest bid" (defined as second-highest bid plus bid increment) is always displayed.
In common value auctions the value of the item for sale is identical amongst bidders, but bidders have different information about the item's value. This stands in contrast to a private value auction where each bidder's private valuation of the item is different and independent of peers' valuations. [1]