Artsy Auctions is a website for art collectors. This online auction website allows you to bid on works of art from around the world. Artsy offers an easy-to-use interface that makes bidding on works of art a breeze. Users can view artworks, bid, and watch lots, and also find out whether the reserve price has been met. The site also allows you to save lots of interest and follow them with notifications.
While the company has been through several leadership changes, many employees say it is lacking in a culture and cross-team alignment. In addition, the company has a high employee-to-market ratio, which is not optimal for a small business. The leadership changed the goal of the company to focus on high-value listings and a lack of cross-team alignment.
While Artsy Auctions claims it does not pass title on auction lots sold, the auction website states that New York’s Uniform Commercial Code governs auction transactions. Moreover, many of the lots in its listings are of foreign ownership. Accordingly, if you are unsure about the legitimacy of a specific item or artist, be sure to ask about its provenance before making a purchase. If the item is not as described or a complete fake, you should not bid on it.
Artsy Auctions has also expanded its marketing campaign. It conducts global marketing campaigns to introduce artists to the secondary art market. It offers editorial content and social posts for artists and auctions on various sites.