SC Auctioneer Practice Questions - South Carolina Licensed Auctioneer Exam

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A prospective bidder asks the auctioneer about the provenance of a painting being offered at auction. The auctioneer is uncertain. What should they do?

Make up a provenance to increase interest Honestly state that the provenance is uncertain or unknown, and recommend the bidder conduct their own due diligence before bidding Refuse to answer any questions Quote a famous artist's name to increase the bid price

Correct Answer:

Honestly state that the provenance is uncertain or unknown, and recommend the bidder conduct their own due diligence before bidding

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