The house they wanted went for an auction price of $550,000.
Without an auction price to hold on to, many people no longer have any idea what to say about works of art.
In 1999, the auction price of Andover.net was $18 a share, but it shot to $67.50 three days later.
If the auction prices were a bit lower, he said, they would probably give a true picture of the market's status.
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.
Given declining auction prices, the big question is whether things have finally hit bottom.
Commissioners charge around five percent of the auction price for their services.
This might have the effect of depressing the final auction price.
The art world toasted the auction price of $53.9 million in November 1987 as a record.