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Auction House prices - not for the novice

drbvac
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drbvac Mentor

drbvac

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This blade listed at Sotheby's Auction house expected to raise 12-18000 GBP recently sold for over 35000 GBP !!!

 

https://www.sothebys.com/en/buy/auction/2021/the-samurai-Japanese-arms-and-armour-2/a-katana-attributed-to-chiyozuru-morhiro

 

I can't understand how the hammer price got so high as I have a blade by the same smith that I paid little more than 10% of that amount.  It could be these abberations from reality that are driving the market up as I can't see the purchaser of this selling it for 10 thousand dollars any time soon

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