Jay (Eire)
9268
Help me out here.
Nov 07, 2023,23:52 PM
The auction house client, to me always the seller, is surely not complaining.
So the estimates move up, estimates are a teaser. They are supposed to entice bidders. They have historically always been low.
A guarantor was needed to create a floor in the bidding and thus did so.
All bidders knew this before they bid, and were at that point eyes wide open. Nobody is forced to raise their paddle.
At worst someone made a trip to Geneva to attend the auction and bid on a watch or watches and perhaps the trip was in the end a waste.
What am I missing here?