We ran across this article The Beginner’s Guide to Buying at an Auction in the Chubb Collectors Newsletter. We felt it contained some really good basic information for those who haven’t yet forged ahead into the auction world looking for additions to their collections. The auction used to be the exclusive domain for dealers looking for works to stock their galleries and antique stores. They would clean, repair, reframe and markup the price. More and more collectors are now cutting out the middlemen while looking for works at better prices. There are pitfalls to buying items in an auction if one isn’t aware of how auctions work. If you would like to know more about the basics of bidding and buying in auction houses, read on. Part II will follow next month.