“Any fool can know. The point is to understand.”
I don’t believe that Albert Einstein was referring to antiques or collectibles when he said that but it should be an important factor in establishing the value of an item. Looking at a collection and evaluating condition and price is one thing but understanding what it represented during the period, and having solid provenance is totally different. In my gallery, we have Tiffany pieces, Cartier, and Winston, but it a piece that comes in with a history that really thrills me!