The $200 million estimate, Rotter continues, “is based on market intelligence that told me this is roughly the pricing estimate, but it clearly also has something to do with the sender agreeing to that base valuation.” On the one hand, Rotter says, “at an auction, you wish you could estimate everything at $1 to $2 and let everyone decide, but it’s not realistic.”

This post Christie’s Plans To Auction A Warhol For $200 Million — And Break Records

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