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The deliberately low estimates became catnip for bidders.
Both had low estimates, a smart tactic by Christie's because it contributed to a feeding frenzy.
Numerous lots were sold at, or slightly above, their low estimates.
Sotheby's is playing it very cool, by putting low estimates on nearly every lot.
A majority of the paintings brought prices around their low estimates.
Low estimates may have given some bidders false hopes of taking home souvenirs for as little as $500.
The drop expected in new jobs may be the result of low estimates for the retail sector, he said.
To conceal the real impact of his legislation, Mr. Bush and his budget also used fancifully low estimates of spending.
And on Tuesday, Advanced Micro Devices said its sales are expected to be well below already low estimates.
"Low estimates create a dynamic in the auction and a desire to bid".
Even per head, using low estimates, China probably outstrips every country but Singapore.
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