ART AUCTION GLOSSARY - Lot Detail Terms 
 
Artist Name:   The name by which the artist is known professionally.
Catalogue Raisonné:   Complete documentary listing of all works by an artist known at the time of compilation. It includes an identifying catalogue number for each work listed, as well as information such as provenance, current location and/or exhibition history.
Condition Report:   Notes any damage or unusual characteristics relating to an item or work of art. The type and location of damage are explained in detail to ensure a complete examination.
Edition:   Set of prints, photographs or sculptures, made from a single image of one plate, negative, or mold, and numbered consecutively. For example, a piece marked 20/100 is the 20th print out of 100 prints which were produced. These editions vary in size, and artists often choose to duplicate impressions on different types of paper or color states.
Estimate:   An approximate calculation of degree or worth. When quoting the value of a piece, appraisers often take into consideration specific characteristics such as date, medium, size, technique, style, condition, and/or rarity.
Exhibition:   The public display of a work of art. Artists can have a solo exhibition, retrospective exhibition, or be part of a group exhibition. Solo exhibitions consist of a single artist and may include a variety of works. Retrospective exhibitions typically look historically at the career of an artist or summarize the artist's works to date. Group exhibitions are usually created around a specific theme or idea, or composed of a variety of works from multiple artists, and embody many different mediums.
Foundry:   A workshop where cast metal sculpture is created.
Markings:   Any identifying features found on an item for sale (e.g., signature, stamp, manufacturers mark, silver mark).
Medium:   The material/materials an artist utilized in creating a work of art, such as oil paint, acrylic or bronze. The material that a work was created on, such as canvas or wood, is also considered part of the medium. For example, one might say that the medium of an oil painting is "oil on canvas."
Print / Casting Year:   Works of art produced in an edition, such as prints, sculpture, and photography can have a second applicable date. For example, a photograph might have been taken in 1932, but printed or re-printed in 1975 from the original negative.
Provenance:   The history or exact record of ownership for a work of art. The provenance of a work of art helps museum staff, curators, gallerists and auction houses determine valuation and authenticity.
Publications:   Any publication in which either the specific work of art or artist was noted.
Publisher:   The printer or foundry that produces an artist's work in multiples (i.e., an edition). For example, Atelier Mourlot of Paris, France, was the publisher for Pablo Picasso's prints.
Size:   An item's height, width and depth noted in either inches or centimeters.
Title:   The name by which a work of art is formally known.
Year:   The year a work of art was created.


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