At Sotheby's, Lisa Hubbard, vice president in charge of international jewelry sales, said necklaces, brooches and bracelets by the hottest designers might fetch, on average, one-third or one-quarter of what the customer pays.
If you do find a property that you want to bid on, be realistic about the price it might fetch.
Somebody had said it might fetch fifty thousand.
Even in this condition, it might fetch $300".
Her unit cost $800,000, she said, estimating that today it might fetch $5 million.
Then he checked the price of comparable items online and found that it might fetch $20 or $30, at most.
Today, it might fetch $750,000, Mr. Harden says, citing a recent renovation that included elevation to protect against flooding.
But it is not clear what kind of bids it might fetch, if any; with newspaper profits shrinking fast, the economy contracting and credit tight, many newspapers have been on the block for months without selling.
He then bought the first Picasso at quadruple the price that the poor artist had hoped it might fetch.
For example, he snatched up a Richard Diebenkorn watercolor for $3,500 in 1973 todayy, Mr. Wolfe suggested, it might fetch $150,000.
