What is the best art auction?
New York, London and Hong Kong are the primary marketplaces for the top three auction operators in Contemporary Art. Together, Sotheby’s, Christie’s and Phillips account for 70% of the Contemporary Art market by turnover, from just 10% of the lots sold.
How do I get into an art auction?
Here are ten steps to take to get started in your art auction house career.
- Get a College Degree in Art History. Andrew Watson/Lonely Planet Images/Getty Images.
- Attend Auction School.
- Attend Art Auctions.
- Apprentice.
- Specialize.
- Work Hard.
- Be Active in the Arts.
- Do Thorough Research.
Can anyone go to an art auction?
While many view art auctions as exclusive events reserved for the elite, they’re actually public events. Anyone can stroll in and attend (to get a bidding paddle requires a little more effort, but more on that later). It’s important to note that auction houses are almost the biggest drivers of the art market.
How much does auction cost UK?
How much does selling at auction cost? You should expect to pay your auctioneer around 2.5% of the price you get for the property and you also need to find out if there will be advertising costs. You will also need to pay a solicitor to help with the legal side prior to the auction and on the day.
What is the famous auction house in London?
Christie’s
Christie’s, the world’s oldest fine art auctioneer, has sold fine art, furniture, jewelry and wine since James Christie conducted the first sale in London on 5 December 1766.
Is art a good investment?
Characteristics of Art Investments Art can serve many roles within an investment portfolio, making it an attractive asset for retail investors. This is important because art is an asset class is that not correlated to other major asset classes in the stock market.
Do auction houses buy art?
Auction houses are still some of the best places to buy art, but you need price guidance, because the bidding competition in the room can be exciting and seductive. That was the highest price paid for a work of art for more than half a century.
How much are art auction fees?
They vary from one auctioneer to another and according to the type of sale and are generally between 15% and 25% (excluding taxes) of the hammer price. The auction fees must be indicated in the sales conditions and publicly announced before the sale.
Which is the world’s oldest fine art auction house?
Christie’s, the world’s oldest fine art auctioneer, has sold fine art, furniture, jewelry and wine since James Christie conducted the first sale in London on 5 December 1766.