Why US$7,000 to US$10,000, though? Why not US$70,000? US$100,000?
The movie star’s belongings are up for auction. Now, to figure out what they are worth.
A Burberry trench coat once owned by Audrey Hepburn will go to auction on Sept 27 at Christie’s London with an estimate of £6,000 ($10,590) to £8,000. At the Real Real, an online consignment site, the asking price for a similar used women’s Burberry trench coat is currently US$645 ($894). Christie’s, then, is guessing that its coat’s association with Hepburn gives it a US$7,000 to US$10,000 premium.
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