 
How To Guide To Art Auctions
Investing in art is a great way to save money for a rainy day or
pass down something substantial to future generations! Once
purchased and affixed to a wall, an art investment painting will
require little maintenance in order to appreciate in value. It's
hard to predict trends, but one thing is for certain, no matter what
the country's economic situation may be, people's love and
appreciation of art and attendance at art auctions have not
diminished. However, one should understand a few rules of the game,
such as bidding practices and categories.
One category is the estate sale. You can often find great bargains
here since purchases are made directly and most of the items from a
deceased person's estate must go. Recently, a woman in Canada found
out that the painting she had selected from her grandmother's estate
sale, when she was ten years old, was actually a $300,000 original
painting! Now you see why they sometimes refer to art as "treasure."
Another category is consignment sales. These art auctions have a
fixed minimum price and simply will not sell if you have a problem
with it. It's not as good a place to wheel and deal as the estate
sale.
A third category is the art auction house. These established buyers
and sellers at fine art auctions wheel and deal pieces for a living.
They're the middle man connecting art lovers and artists. Patrons
attend these swanky events in big cities around the world, dressing
up, sipping wine and schmoozing with fellow art lovers. In addition
to perhaps finding a famous oil painting for sale, some rare works
and getting a great selection, you'll love the social aspect.
Lastly, you can participate in an art auction online. At
iCollect.com, you will see a list of all the upcoming eBay auctions.
If you're fortunate enough to live in a big city, like New York or
Paris, you'll have no trouble finding a local auction to partake in!
For everyone else, the online auction is a cost efficient solution
with a wide selection. On your home computer, you'll be entering
bids on your keyboard, while the auctioneer reads them aloud in real
time off a computer screen.
Before the art auctions begin, have a game plan in mind. How much
are you willing to spend in total? Do not get caught up in the
enthusiasm! Check web catalogs to get a basic idea on artist prices
or styles that you've been eying. While many of these auction
results lists or catalogs may be inaccurate, it will give you at
least the ballpark figure.
Art Auctions Information
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