All you need to know to participate in the world's increasingly popular auctions. In recent years, auction houses have commanded increasing attention in the press as major paintings have sold for millions of dollars and the fabulous estates of famous people are put on the block most recently, that of Jacqueline Kennedy Onassis. What is it about auctions that gets our juices flowing? And more important, how do auctions work? This timely illustrated volume has all the answers. Auctioneer C. Hugh Hildesley explains how to pick an auction house, how a sale is created, estimates and reserves, the procedures for buying, and methods of payment. He takes readers through an auction step by step, where we learn the roles of each player. Finally, there is pertinent information on the range of services provided by auction houses from establishing market value and insurance to charity sales and benefits. Whether you want to buy a chateau in France, a Winslow Homer in New York, or an antique apple peeler in Vermont, this book is for you.

About the Author

C. Hugh Hildesley is executive vice president for North and South America at Sotheby's in New York. He is an accomplished auctioneer and lecturer on all aspects of the business.

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