Truth about bidding
0:37
YouTubeMukul Deora
Truth about bidding
Art pricing is not random. It is built before bidding begins. Before an artwork enters an auction, it is given a low estimate and a high estimate. That range is not just a guess. It reflects what the auction house believes the work can achieve in the current art market. The number comes from multiple signals: the artist, demand, rarity, past ...
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