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Without an auction price to hold on to, many people no longer have any idea what to say about works of art.
We well understand the debate on auction prices which have received a lot of attention here.
It was then the highest auction price ever paid for an American work of art.
This might have the effect of depressing the final auction price.
If the auction prices were a bit lower, he said, they would probably give a true picture of the market's status.
Commissioners charge around five percent of the auction price for their services.
In some cases, record auction prices were established one year, only to be broken the next.
Given declining auction prices, the big question is whether things have finally hit bottom.
The house they wanted went for an auction price of $550,000.
His record auction price is £1.94 million, set in July 2008.
But the Metropolitan does have a financial stake in it and will get 20 percent of the painting's auction price.
As of 2010, good examples can reach very high auction prices, though parts availability is a problem.
"We prepare our auction prices three months earlier than the sale, so the jewelry is not up to market value."
Its auction price will pay his staff's legal debts.
The two issues that were auctioned earlier this week continued to trade at close to their auction prices.
So the Met has sold what is, in effect, a duplicate, making the final auction price all the more astonishing.
The private auction price, for several reasons, could vary considerably from that estimate.
Such services, however, typically smooth over short-term swings in auction prices.
We probably will be joined by a third partner, unless he feels the auction price is too high and backs out.
But high auction prices make it difficult for them to obtain resale material.
The art world toasted the auction price of $53.9 million in November 1987 as a record.
It reported huge auction prices for a range of common objects once owned or used by rock stars.
A lot of people have been put off by seeing auction prices become so out of line."
Richter's candle paintings were the first to command high auction prices.
Auction prices give dealers a barometer by which to gauge their own material.