What’s It Worth? Auctions: What Sells. What Doesn’t.

Publish Date

Today, I want to talk about pieces that actually sold at auction.

We have talked in the past about the difference between retail value, insurance value, fair market value and liquidation value. Most think that the typical definition of fair market value is the auction price for a willing seller with a willing buyer, with neither under financial or time constraints.

To illustrate fair market value, following are fresh auction results from a Hess Fine Auction just two days ago. We sold a 2009 Yankees ring (A) that belonged to one of the most powerful men in baseball who happens to live in Tampa Bay. It sold for $22,500.

We also sold a large collection of autographs, and achieved $460 for composer Richard Strauss’s autograph (B) – a rare specimen.

A scarce photo of Geronimo (C), Chief of the Apache Indians, carrying a Confederate-era pistol sold for $825.

An Ernest Hemingway-signed photo sold for $625.

In our antique session, a rare Royal Bayreuth porcelain hare pitcher (D) sold for $862.

A large bronze Edward Berge sculpture (E) fetched $3,000.

Only 5 percent of the items didn’t sell (typically because the reserve was too high); among those was a Hunt Slonem parrot painting (F). We are always buying fine & decorative arts. We can craft an entire auction around your items. Stop in or call 727.896.0622 for an appointment.

Today, I want to talk about pieces that actually sold at auction. We have talked in the past about the difference between retail value, insurance value, fair market value and liquidation value. Most think that the typical definition of fair market value is the auction price for a willing seller with a willing buyer, with neither under financial or time constraints. To illustrate fair market value, following are fresh auction results from a Hess Fine Auction just two days ago. We sold a 2009 Yankees ring (A) that belonged to one of the most powerful men in baseball who happens to live in Tampa Bay. It sold for $22,500. We also sold a large collection of autographs, and achieved $460 for composer Richard Strauss’s autograph (B) – a rare specimen. A scarce photo of Geronimo (C), Chief of the Apache Indians, carrying a Confederate-era pistol sold for $825. An Ernest Hemingway-signed photo sold for $625. In our antique session, a rare Royal Bayreuth porcelain hare pitcher (D) sold for $862. A large bronze Edward Berge sculpture (E) fetched $3,000. Only 5 percent of the items didn’t sell (typically because the reserve was too high); among those was a Hunt Slonem parrot painting (F). We are always buying fine & decorative arts. We can craft an entire auction around your items.

Stop in or call 727.896.0622 for an appointment.

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