To ensure you are prepared for the winning bid at an art auction read our summary of the steps you should take and factors to consider.
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Practical tips to sellers when consigning items to an auction house
Lessons learned from the case of Thwaytes v Sotheby’s
In 2006 Mr Thwaytes consigned a painting, the Cardsharps, to Sotheby’s for further investigation. Sotheby’s advised it was a good 17th Century copy of the original by Caravaggio and the painting was sold at auction for a hammer price of £42,000 to a leading Caravaggio scholar, Sir Denis Mahon, who later announced that he and others believed it to be by Caravaggio, and therefore worth far more. Continue reading