Quote:
Originally Posted by rainier2004
I was told those estimates were just there for tax purposes...not a CPA, but that's what I heard.
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That sounds crazy and I have never heard that. An estimate isn't something you put on taxes, a sale is.
I can't speak for any person or auction house but when Heritage sold my first collection, if I remember correctly, their estimate, in total, was within approx. 10% of the ending price. I think AH's try to be accurate, mostly. And there are a few that inflate estimates to get the consignment but that isn't a good long term strategy imo...