Buying antique jewelry at auction sounds like a lot of fun. It is, but the process is also fraught with pitfalls and traps and I will tell you about some of them today.
Today, auctioneers, especially the big famous auctioneers have set themselves as gods apart. Prices realised at their sales are astronomical – well over what I consider retail. This remains a mystery to me for the following reasons.
1. Most auction houses provide a single, postage-stamp sized ‘photo. It is taken by a professional photographer, trained to make the item look great. They do not show multiple angles; they do not show flaws; they do not show faults. What you see, is not what you will get.
2. While the professional staff at some of the well-known auction houses are incredibly arrogant about their level of knowledge, even they are apt to make mistakes. I have bought items…
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