The condition of lots can vary widely and the nature of the lots sold means that they are unlikely to be in a perfect condition. Lots are sold in the condition they are in at the time of sale.

Fair condition.
The diamonds show gray color and visible inclusions.
The pin fitting unscrews to detach and needs further adjustment to work properly.
Repair is evident.
The metal is tarnished from normal aging.
The red leather case is very worn from aging.

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The condition of lots sold can vary widely due to factors such as age, previous damage, restoration, repair and wear and tear. The nature of the lots sold means that they will rarely be in perfect condition. Lots are sold in the condition they are in at the time of the sale.