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"You cannot bully people into paying huge sums just by putting huge estimates on a picture".
Such a procedure is used by auction houses when consignors insist on huge estimates and demand a guarantee.
Such is the scarcity of high quality art that departmental heads easily succumb to the temptation of conceding to profit-seeking consignors huge estimates, with assorted reserves.
Had there not been so many unimportant works with huge estimates, the proportion of failures at Christie's would not have been as high as 28 percent.
That disappointment itself underlines the phenomenal hubris now driving art consignors, prepared to release gems only if they are promised huge estimates and assorted reserves.
Resistance against price manipulation through huge estimates that fail to conceal ambitions of profit-minded speculators has been highlighted by strikingly divergent sale patterns within two days.
Similar(53)
Molecular studies revealed that this one individual fungus is huge; estimated occupy 2,200 acres (8.9 km2) and is probably more than 2,400 years old.
Yet, the Lichtenstein could not have done much better than the $1.87 million that it realized, exceeding the huge estimate by one third.
Their numbers in California are huge — estimated to be between one-fifth and one-third of the Democratic electorate — and would have instantly provided Villaraigosa with a formidable base.
Still a primitive and inefficient (operating efficiency level of about 5 15%) smoking method (using traditional bhatti) is being used for drying of large-cardamom resulting in huge (estimated 20,000 MT/yr) wastage of fuel wood and poor (charred and blackened) quality product.
On top of this comes the worst figure of all: the huge estimate of total deaths by an American-Iraqi medical team (see article).Time, some have suggested, to go back to the drawing board and think about partitioning the country into a Kurdish north, a Sunni centre and a Shia south.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com