"The advantage to auctions is that they have a certain democratic, or rather meritocratic, element: for new collectors, buying at auction is easier than braving the haughty froideur of some top art galleries. At auction, if you have the money you can simply bid for a work, thereby avoiding the machinations of dealers who have waiting lists for some artists and select those to whom they will sell. The auction room is also often seen as the only place where “hard” figures can be obtained, with recorded transactions visible and available to all.[...]"

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