Frequently Asked Questions

Throughout the year we collect items to be put into our auctions from consignors. The auctions happen three times a year and last about two weeks. During that two-week timeframe, users from all around the world can view the auction lots on our website and place bids. When the auction closes, the user who has the highest bid wins the item. The high bidder pays us, and we pay the consignor the amount of the high bid minus any applicable fees.

GLOSSARY

authentication – evaluation by an expert to determine if an item is real

consign – to allow an auction house to sell an item on your behalf

consignor – owner of an item who is allowing the auction house to sell it on their behalf

graded – evaluated for condition and given a rating by a third party

market value – approximate amount an item is expected to generate at auction

provenance – history of an item’s ownership