BIDDING · 6 MIN
What the light actually means
Green, amber and red are not a rating. They are a statement about what you can dispute afterwards.
4 notes
Lane notes
The things a first-time bidder finds out too late, written down before the hammer instead.
CONDITION · 7 MIN
How to read a condition report in four minutes
The grade is the least informative number on the page. Here is the order to read it in.
SELLING · 5 MIN
Reserve, or no reserve
A reserve protects you from a bad room. It also tells the room you expect one.
BIDDING · 4 MIN
The buyer's premium is part of the price
Work backwards from what you can spend, not forwards from what you bid.