A classification system used in AI cataloging to estimate an item's likely sale range based on photo analysis. Gavelist assigns three value tiers during description generation — box lot (under $20), standard ($20 to under $200), and feature lot ($200 and up) — to help auctioneers prioritize catalog ordering, marketing focus, and reserve-setting decisions.
How It Works in Practice
Value tiering addresses a practical problem: in a 300-lot estate, not every item deserves the same level of attention. Feature lots warrant individual marketing, premium placement in the catalog, and detailed condition reports. Box-lot items are usually best grouped and sold together. AI-generated value tiers provide a starting point for these decisions, though the auctioneer's market knowledge always takes precedence — AI can identify a Rookwood vase but may not know that this particular shape is especially sought-after right now. Each lot also receives a low and high dollar estimate alongside its tier, so the tier is a band and the estimate is the specific range inside it.
Frequently Asked Questions
How are value tiers determined by AI?
Can I customize value tier ranges?
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