Auction Estimate: The estimated range within which our specialists anticipate your item selling at auction.
Consignor: The seller (and owner) of the item. As the consignor, you maintain ownership of an item until the moment the auctioneer’s gavel falls during the live auction.
Consignment Agreement: The legally binding terms and conditions of your consignment. If you have any questions regarding your consignment agreement, don’t hesitate to reach out at [email protected] or 617.720.2020.
Seller’s Commission: The percentage of the hammer price paid to the auction house, otherwise considered the “cost” of selling your item. The commission is based on the overall value of your consignment. The seller’s commission is deducted from your sale proceeds.
Reserve: The minimum price at which your item can be sold. This price is confidential prior to and during the sale and must be set at or below the low estimate.