When selling an antique at auction, which factor is essential to establish its value?

Establishing the value of an antique at auction hinges significantly on its historical significance and condition. Historical significance pertains to the item's provenance, rarity, and the context in which it was created and used. Antiques with notable backstories or connections to important events or figures tend to command higher prices due to their unique appeal to collectors.

Condition is equally critical, as it reflects the preservation state of the antique. Items that have been well-maintained or restored appropriately will generally be valued higher than those that are damaged or show signs of excessive wear. Collectors and bidders are often keenly aware of both these aspects, as they directly influence desirability and perceived worth.

In contrast, while the time of year the item is sold and the auction's location may have some impact on attendance and competition, they do not fundamentally alter the intrinsic value of the antique itself. Similarly, the popularity of the auctioneer can play a role in attracting bidders, but it does not determine the actual worth of the item being sold. Thus, the key determinants of an antique's value remain its historical significance and condition.