Pre-Sale Estimate

The price range within which an auction house expects a lot to sell. Unlike appraisals, Pre-Sale Estimates are unregulated and cannot be used for insurance or tax purposes.






RELATED SECTIONS:

Art Investing Risks

Art as a Financial Asset

Buying Contemporary Art

RELATED GLOSSARY WORDS:

Art Fund

Bought In

Guarantees

Buyer’s Price

Buyer’s Premium

Blockage Discount

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