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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.

I am not able to travel to the big name auctions. Are there any online?

Many auction houses now have websites available that allow you to bid online. Some even allow you to place a maximum bid if you are not able to be there for the live bidding. This is really common on Ebay with estate auctions. Be careful though. Please make sure and read all the fine print before bidding on any piece of art work. Many people have placed a bid on a piece expecting to receive a one of a kind original by a famous artist only to find out it is a reproduction or print. With some online auctions you will have to pay as soon as bidding is finished and there may be associated fees for the auction house along with taxes. One additional note: remember to think about shipping and handling. Large pieces of art work can be very expensive to ship, even if you are in the continental U.S. and will be much more if being shipped globally.

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've won a painting but when I received it there was a flaw they did not mention. What should I do?

Did you inspect the piece before you bid? Or was the auction online from someplace such as Ebay? If you inspected the piece and then discovered the flaw at home, you are out of luck. If the seller listed the painting and did not include any descriptions of flaws, you may have an instance where you can return the painting and get your money back. Always read the auction completely before bidding. If the seller had a "no return" policy you could find yourself stuck with a flawed painting and out the money.
 

 

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