Friday, March 28, 2014

The Art of Dealing in Art, The Auction House

The Art of Dealing in Art
The Auction House
  Well, just about anything can be auctioned. I donate many of my artworks to organizations who have silent auctions. A Silent Auction is when a piece of art or really anything for sale can be displayed and people silently bid on the items. It's different then a Auction House, where investors will come to a public gathering and start bidding and out bidding each other.
One of the oldest auctions houses is in Stockholm,"Stockholm Auction House in Sweden.
You will usually get a catalog detailing the works to be sold.
Other auction house that are popular are Christie's and Sotheby's.
The atmosphere of the auction is electrifying. With rapid bids being shout out from one bidder to the next, bidding wars bring the prices up quickly, but when the hammer goes down for the final time the art will go to the highest bidder.
Everyone enjoys a good deal on something they want.
I once went to an estate auction. We were given paddles with numbers on them. When you wanted to bid you raised your paddle up. I was so caught up in the excitement I probably paid way too much for this antique doll rocking chair.....but, boy it sure was fun.
I am donatint this painting to the Elko County Library for thier annual "Just Desserts" silent auction.
Sunflower, acrylic, 16" x 20", Jean Hart Artwork
click on this link to see Sotheby's auction, check out those prices.
Have fun,
Be Inspired,