Hess Fine Art

Fine Art, Auction, Watch and Antique Experts Since 1984.
1131 4th Street North
St. Petersburg, FL 33701 (map)
(727) 896-0622 | 1-800-922-4377
Mon - Fri:10am - 6pm EST
Sat:10am - 3pm EST
Hess Fine Art Facebook Hess Fine Art Twitter Hess Fine Art Pinterest

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

AUCTIONS: WHAT SELLS. WHAT DOESN’T.

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.

Comments, questions or suggestions for this column, please send to jeffreyphess@aol.com.

St. Petersburg 1131 4th St. N, St. Petersburg FL 33701.

Ph: 727.896.0622

Contact Us

Make Me an Offer Form

Hess Fine Art - Fine Art, Auction, Watch and Antique Experts Since 1984

AUCTIONS: WHAT SELLS. WHAT DOESN’T.PDF

Publication Name: 
Publish Date: 
December, 2016