To define an antique, what must auctioneers typically know about the item?

To define an antique accurately, auctioneers must consider several aspects of the item beyond just its age or value. Knowing the provenance—where it came from—is crucial as it provides context about the item's history and significance. Understanding when and where it was sold adds to the item's rarity and desirability, which can influence its market appeal. Finally, knowing its value is essential for setting appropriate auction estimates and guiding potential buyers. Therefore, item appraisal in the context of antiques incorporates these multiple facets to give a comprehensive understanding of the object's significance and worth.