Which of the following is NOT typically used to assess the value of an item at auction?

The assessment of an item's value at auction usually involves several key factors, including market analysis, condition assessment, and local demand. Physical size, while it can influence certain aspects of value, is generally not a primary consideration when determining the overall value of an item.

Market analysis involves looking at similar items that have sold at auction to gauge what buyers are willing to pay, providing a comprehensive view of the item's market value. Condition assessment examines the physical state of the item, as damage or wear can significantly decrease its desirability and value. Local demand takes into account how much interest there is within the local market, which can affect bidding behavior and final sale price.

Physical size may impact logistics, such as shipping costs or display considerations, but it does not directly determine an item's market value or demand. Therefore, it is considered less critical in the valuation process compared to the other factors mentioned.