Two buyers who pay full price in the summer and accept two-fifths in November are behaving very strangely, unless they were never really buyers. An auctioneer of the time had two ways of recording a lot that failed to reach its reserve. It could be marked “Passed”, or it could be knocked down to a name, sometimes the owner's, sometimes a name kept for the purpose, which the clerk wrote in the book like any other. The second way kept the room from seeing what had not sold.
Three things in the margins point that way. The first is where Thomas bid. In March he took 58 of the 155 Petrakides lots and not one of Malis's 37, which went to the ordinary trade at much the same prices. A dealer looking for cheap Cypriot pots would have bought from both. Had Thomas bid without regard to whose lots they were, a split as lopsided as this would come about by chance about four times in ten million.
The second is the word “Passed”. Not one lot of the Petrakides property or of the two unnamed collections is marked with it, while Malis's 26-inch diota, which nobody would buy, is marked “Passed” in the same March catalogue. The third is the prices. Thomas and Vagliano paid a round sum, whole pounds or pounds and ten shillings, for 46 per cent of their lots, and the other buyers in the same sections for 26 per cent; a reserve is usually set at a round figure.
Each of these might have an innocent explanation on its own. With the lots that came back, the losses and the fourteen newcomers, they make eleven exhibits, set out below against four ways of explaining them. Choose an explanation to see which exhibits it accounts for and which tell against it.
Petrakides also appears among the buyers. In June the annotator wrote “Petrakedis” and “Petrakedes” against five lots of gold and seals from another property. On 12 November, the day after the amphora was sold, he took some of the block of lots 305 to 317 at prices from 10s to £9 and let the rest pass, as an owner protecting his own goods would.
If this reading is right, the amphora was consigned in November 1926 by the same owner as the rest, almost certainly a Cypriot vendor with stock fresh from the island, who had held it back from the summer sales or received it later. Only Sotheby's own day books and vendors' ledgers for 1926, which record who consigned each lot and on whose account it was “sold”, can prove it.