Does higher sales value mean recovery everywhere?
In the report’s specified New York auction sample, 2025 hammer value rose 23.1% while sold lots fell 19.9%. Which reading is supported?
Original report printed pages 16–18ART AUCTION ACADEMY · COLLECTING
The next collecting decision
Read market evidence, then compare the costs, timing and handover responsibilities of a work.
Art Value Lab editorial application, informed by the Drew Watson interview and research. Exercise proposals and rates are designed for learning.
01 · READ THE EVIDENCE
Three questions for reading a report.
Read the U.S. art market guide first ↗
What does the New York share measure?
Which question does the report’s 69% New York share answer?
Original report printed pages 15、42How much does the collector actually receive?
Teaching example: purchase hammer 100 plus premium 25; later sale hammer 160 with a 10% seller commission. Before care and other costs, what are acquisition spending and net sale proceeds?
Original report printed pages 20–2102 · COMPARE THE CASH FLOWS
Auction or private sale: compare the proposals.
Start with two fictional proposals. Use one currency or training unit throughout, and support real inputs with quotations or documents.
| Comparison | A | Auction | B | Private sale |
|---|---|---|
| Seller commission | 14,400 | 6,900 |
| Net sale proceeds | 102,600 | 107,100 |
| Care while waiting for payment | 1,200 | 400 |
| Proceeds after waiting costs | 101,400 | 106,700 |
| Balance after acquisition and past care | -10,600 | -5,300 |
| Known outlay if unsold during this period | 2,700 | 400 |
Net proceeds = sale price − seller commission − sale expenses − estimated taxes. Waiting care = annual care × months ÷ 12. The balance also deducts acquisition spending and past care. The unsold scenario separately adds unsold expenses and waiting care. Negative results remain visible.
A flat-rate, constant-care teaching model. It does not calculate discounting, annual returns or sale probabilities. Enter an applicable tax estimate; confirm actual fee schedules, cost timing and unsold responsibilities in each proposal.
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ART VALUE LAB · COLLECTING
From reading to the next collecting decision.
The interview and profile provide context. These readings, exercises and worksheets are Art Value Lab editorial applications.
Read the Drew Watson interview ↗Hear his approach to market evidence.Profile, methods and collection management ↗Explore his work, services and stewardship.Read the U.S. art market evidence ↗Compare value, volume, samples and costs.Prepare a preservation and handover dossier ↗Record care funding, authority and handover.