Christie's Scenario

Auction Estimates - request submitted

An auction estimate request has been submitted to Christie's. Christie's can value the many auction items in the estate as well as provide an account manager. They can be expected to take a 10-15% cut from hammer price as well as any additional service fees. They may recommend listing the work for auction online.

Pro's: the auction house will handle the finer details of a secondary market sale and valuation on consignment

Con's: the auction house will foreseeably want to be working with a discrete collection.