Flower Magazine

SEP-OCT 2018

Browse "flower" to learn techniques from established and up-and-coming designers, be inspired by the floral decor of weddings, galas, and flower and garden shows, and infuse your lifestyle with chic floral fashion and home decor.

Issue link: http://digital.flowermag.com/i/1013720

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Page 42 of 91

TOP LEFT PHOTO BY TRIA GIOVAN S E P T E M B E R / O C T O B E R 2 0 1 8 | 41 LEFT: Antique chairs and lamps mix with a modern Jansen-style coffee table in Alex Papachristidis's family home in the Hamptons. ABOVE: A George III sterling tray and a pair of 18th-century famille rose vases. Floral arrangements by Dunn and Sonnier. Why buy at auction? Auction houses are great resources for one-of-a-kind and hard-to-find items, including antiques, art, estate jewelry, and vintage furs. Because they handle estates and private collections, they offer access to things that have remained in families for generations. What are the estimated values based on? They are based on several factors, including an object's rarity, condition, authenticity, provenance, and historical significance. Specialists work with consignors to research and appraise each item based on current market values, which can fluctuate over time. Tell us about the fees and fine print. The buyer is responsible for a buyer's premium, which is a fee that is added to the hammer (sale) price of an item. Each auction house has its own premium percentage and scale, but industry standards are normally around 20 percent. Buyers are also responsible for paying sales tax as well as any applicable delivery or shipping costs. The conditions of sale vary among auction houses, but all are required to publish them in advance, so be sure to review them before bidding. How do you prepare to bid? All items are sold as is, so it's important to do your homework. Make sure to read the full catalog description, and never hesitate to ask questions beforehand. Auction houses hold exhibitions where items can be inspected in person. If you cannot attend, you can request a condition report and additional photos of the item you're interested in. Do you have to be present to bid? No. You can bid from anywhere via online, absentee, or telephone bidding. Absentee or telephone bids must be submitted in advance, and online bids be must pre-registered. What is the most common mistake a buyer makes when attempting to buy at auction? Not being aggressive enough. I hear so many comments from people who regret not going after something they had their heart set on. ANTIQUES AT AUCTION Tessa Steinkamp, director of auctions and auctioneer at New Orleans Auction Galleries, gives us the play-by-play on scoring antiques of any provenance at auction I'm a Francophile. The sophistication and depth of the French culture can really be seen through the history of its furniture. —DESIGNER ALEX PAPACHRISTIDIS For more information, see Sources, page 84

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