I'm never sure about the estimates on auctions like this, but the fact that so many things are going way over the estimate reminds me of the Sotheby's auction of items from the failed Pharmacy bar by Damien Hirst where things were going for at least four times the estimate. I could sort of understand that for specially-made things like cocktail glasses, but it was also true of really mundane items. Clearly I just have a difference sense of value to someone else, but the fact that a really basic filter coffee maker is going for $1,750 feels pretty weird to me.
Their estimates just seemed flat wrong in many cases. A high end espresso maker owned by David Lynch was never going to go for half its retail price like they suggested
Taxes, maybe? Buy a fork for 1750, have it appraised by a friend to be worth much more than that, donate your million dollar fork to a museum to write it off.
It's because Lynch was an avid coffee drinker so it's a cute thing to buy, lots of people have enough money to spend thousands of dollars on a cute thing.
This is the auction setting the market value, no one is going to appraise the junk at 100x what it last sold for at auction
It’s not just David Lynch’s own coffee drinking. Making coffee (“there was a fish in the percolator!”) and drinking coffee was one of the most memorable aspects of the original Twin Peaks TV series.
