When you stand in front of a work of art in a museum or exhibition, the first two questions you normally ask yourself are 1) Do I like it? and 2) Who’s it by? When you stand in front of a work of art in an auction room or dealer’s gallery, you ask these two questions followed by others: How much is it worth? How much will it be worth in five or ten years’ time? And what will people think of me if they see it hanging on my wall?
Breakfast at Sotheby’s is an alphabetical guide to how people reach answers to such questions, and how in the process art is given a financial value.