Condition Reports are just that- Condition Reports. It is wiser if contemporary lots
offered by auction houses are accompanied by certificates of authenticity endorsed
by the artist himself if they are still alive and kicking if it is a first hand sales but if it
is a secondary sale, a certificate of authenticity together with Letters of Transfer of
Ownership from collectors to collectors is ideal. Condition Reports states the condition
of the artwork offered on sale and should be read. It helps the purchaser understands
and decide if the nature of the Lot still deserves bidding. Or if it warrants conservation
after the purchase.