Auctions
by
Ralph E. Lerner
RalphELerner.com
ralph@artworldadvisors.com
590 Madison Ave, New York, NY, 10022
(212) 521-4437
http://www.RalphELerner.com/

*BIDS ARE ALSO MADE BY TELEPHONE
Parke-Bernet v. Franklyn
Les Baigneurs
Roger de la Fresnaye
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Les Baigneurs
Roger de la Fresnaye
Parke-Bernet v. Franklyn
*BIDS ARE ALSO MADE BY TELEPHONE
*BIDS ARE ALSO MADE IN WRITING
http://www.RalphELerner.com/

Les Baigneurs
Roger de la Fresnaye
Parke-Bernet v. Franklyn
*BIDS ARE ALSO MADE BY TELEPHONE
*BIDS ARE ALSO MADE IN WRITING
*BIDS ARE ALSO MADE ONLINE http://www.RalphELerner.com/

ONLINE AUCTIONS
* OVER 300 ONLINE AUCTION HOUSES
WORLDWIDE
* e-BAY: OVER 2 MILLION AUCTIONS PER
DAY IN MORE THAN 1600 CATEGORIES
* ONLINES COLLECT A SELLER’S FEE:
-- INSERTION FEE: $2.00 OR LESS; &
-- FINAL VALUE FEE: 1 - 5% FINAL PRICE
http://www.RalphELerner.com/

* GENERALLY, WITH ONLINE BIDDING:
-- BUYER REGISTERS TO BID FOR FREE
-- BUYER BIDS MAXIMUM AMOUNT
-- EACH AUCTION: 3 TO 10 DAYS
-- BUYER NOTIFIED BY E-MAIL
-- BUYER SHOULD E-MAIL SELLER WITHIN 3
BUSINESS DAYS
-- SELLER FORWARDS ITEM ON RECEIPT OF
PAYMENT
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* MOST ONLINES DO NOT VERIFY GOODS
* MANY ONLINES DO:
-- POST FEEDBACK ABOUT SELLERS
-- REMOVE SELLERS WHO GET TOO MUCH
NEGATIVE FEEDBACK
-- OFFER INSURANCE
-- HAVE OR REQUIRE RETURN POLICIES
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SIMULATED PEARL NECKLACE,
LOT #454
*ESTIMATES: $500 - $700
*JACQUELINE KENNEDY
ONASSIS ESTATE
*APRIL 25, 1996
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CONSIGNOR-AUCTIONEER
RELATIONSHIP
* Collection & Remittance of Sales Proceeds
http://www.RalphELerner.com/

CONSIGNOR-AUCTIONEER
RELATIONSHIP
* Collection & Remittance of Sales
Proceeds
* Set Reserves & Estimates
* Advise on Art’s Auctionability
* Affirm Art’s Authenticity
Cristallina v. Christie’s
Claude Monet
http://www.RalphELerner.com/

CONSIGNOR-AUCTIONEER
RELATIONSHIP
* Collection & Remittance of Sales
Proceeds
* Set Reserves & Estimates
* Advise on Art’s Auctionability
* Affirm Art’s Authenticity
Cristallina v. Christie’s
Greenwood v. Koven:
Fiduciary Limits
Georges Braque
http://www.RalphELerner.com
/

CONSIGNOR-AUCTIONEER
RELATIONSHIP
* Collection & Remittance of Sales Proceeds
* Set Reserves & Estimates
* Advise on Art’s Auctionability
* Affirm Art’s Authenticity
Cristallina v. Christie’s
Greenwood v. Koven:
Fiduciary Limits
* Obligation to Obtain Best Valid Price
-- Buyer’s Premium
-- Guaranteed Price
http://www.RalphELerner.com/

* Collection & Remittance of Sales Proceeds
* Set Reserves & Estimates
* Advise on Art’s Auctionability
* Affirm Art’s Authenticity
Cristallina v. Christie’s
Greenwood v. Koven:
Fiduciary Limits
* Obligation to Obtain Best Valid Price
-- Buyer’s Premium
-- Guaranteed Price
* Safe Custody of the Art
CONSIGNOR-AUCTIONEER
RELATIONSHIP
http://www.RalphELerner.com/

* Assurances of Authenticity
AUCTIONEER-BUYER
RELATIONSHIP
Faberge Enamel Easter Egg
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AUCTIONEER-BUYER
RELATIONSHIP
* Assurances of Authenticity
* Assurances of Title
Faberge Enamel Easter Egg
http://www.RalphELerner.com/

* Assurances of Authenticity
* Assurances of Title
* Auction Process Has Integrity
-- Loans to Buyers
AUCTIONEER-BUYER
RELATIONSHIP
Vincent Van Gogh
“Irises”
http://www.RalphELerner.com/

* Assurances of Authenticity
* Assurances of Title
* Auction Process Has Integrity
-- Loans to Buyers
AUCTIONEER-BUYER
RELATIONSHIP
Vincent Van Gogh
“Irises”
-- Antitrust Investigation
http://www.RalphELerner.com/