If you’re looking to buy art, fine art auctions are a great way to find a great deal. Art auctions are usually held in auction houses. These events can include everything from antiques to modern art. There’s sure to be something for every taste and budget. The auction process is a very exciting and rewarding experience, so be sure to attend one!
To attend one of these events, you’ll want to register for an account. This way, the auction site can keep track of all transactions, and you can browse the artwork that’s available. You can also narrow your search with the help of categories, or use the search options bar to find a particular item.
Before attending a fine art auction, it’s important to understand the auction process. The auctioneer conducts research and appraisals on each piece of art. They then estimate the price that a work of art is likely to sell for. Once a piece of art has been listed for auction, it will appear in the auction catalog. Sometimes, it’s shown in a presale exhibition before the auction. During the auction, each piece is auctioned separately. If no one bids for a particular piece, it will be bought-in, and the buyer is responsible for the hammer price, buyer’s premium, and taxes.
The auction market is booming, and many works of art are selling for record prices. While post-war, contemporary, and modern art continues to dominate the art market, works on paper from the 1950s and 1960s are finding new fans in the art auction market.