Organizers of an Art Auction should follow a few guidelines when organizing the event. These guidelines should include submission guidelines for artists and information regarding the art sales and bidders. They should also include information about how to display the art, as well as how to promote the event to maximize attendance. Organizers should also refrain from making overstatements about the benefits of donating their artwork.
An art auction is an event where bidders place an indication of the price they will pay for a work. The bidder may place the bid in person, through a surrogate, or via phone or internet. To win the piece, the bidder must outbid the previous bid. In some cases, an art dealer may attend the auction as a surrogate for an anonymous buyer.
Auctions are put together by specialists who research works, assess their value, and contextualize them within the history of art. They are highly trained professionals who spend time jettisoning around the world to research private collections. This allows buyers to buy fine art at affordable prices. As a result, many collectors are moving away from galleries in favor of art auctions.
To make the buying process smoother, art buyers must conduct due diligence prior to the auction. Most auction houses publish an online catalogue of works available for sale, which includes images, descriptions, prices, and exhibition histories. However, this information can be confusing and buyers should consult with an art expert before purchasing an artwork.
