Your Art Auctions Questions Answered

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Your Art Auctions Questions Answered - By: MIKE SELVON, Posted on: 2008-02-06

Most people look forward to hanging their prized artwork on the walls of their home. It is something that starts conversations. It can be appreciated for its aesthetic value. Not all art has to cost you an arm and a leg to own.

Some are worth millions of dollars and some worth only pennies. Knowing how to buy a piece of art can make the difference between getting ripped off and finding a true one of a kind piece. Art does not have to be confined to just a canvas. It can be anything you find attractive and wish to own.

In this article we will discuss one of the most popular ways to find artwork: the art auction. Hopefully by the end you will have enough confidence to venture out to visit some art auctions and find the piece of your dreams.

Are all art auctions the same?

There are some very huge differences in art auctions. There are world renowned art auctions such as Sothebys or Christies and art auctions held at estate sales. You can also find art work on Ebay. Where you bid plays a huge factor in what you are going to receive.

There are auctions where you must be invited to attend. There are absentee auctions where you review the listing and place a maximum bid. The world of art auctions is extensive and unless you are very familiar with the art world, it can seem a bit confusing.

What do I need to do if I want to sell a piece of art?

The first thing you need to do is get the piece appraised. Once you have a relative value for the piece it does not hurt to get a little bit of background information on the artist. This will be very helpful if you are trying to sell the piece yourself.

If you do not want to sell the piece yourself or want to reach a wider audience, consider letting an auction house sell it for you. You can get their opinion on the opening bid price and go from there. You will have to give them a percentage of the sale.

What can I expect my art piece to sell for?

That is an impossible question to answer without knowing exactly what you have. A DaVinci will sell for a whole lot more money than your neighbor's daughter's finger painting.

No one can give you an accurate estimate of your art work by just going on a description. It takes the trained eye of a professional in order to determine what it is worth.

Can I use Ebay to sell my art work?

Yes, of course you can use Ebay to sell your art work. If it is a rare piece of art you may want to reconsider. Ebay is known for bargains and this is one time when bargaining may not be in your best interest.

For less expensive prints, paintings or pieces you can receive a fair deal. Just make sure to give a very accurate description of the piece and also make sure and demand that the winner pay for insurance. That way no one will be out of money should the art work be damaged during shipping.

I bought a painting at a local auction and it needs restoration. Can I do this myself?

It would not be recommended. Paintings are delicate things. Over time they can accumulate dirt, grime and the colors can fade if the painting was not properly cared for. A professional restorer is your safest option if you want to ensure your art work is not ruined.

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