Published on : 11 May 20213 min reading time
Conducting an auction
After deciding to auction your works of art, you should contact an auctioneer of your choice. He will be responsible for carrying out an evaluation of the market price for your works of art. The auctioneer will estimate the value of your works of art by reference to similar sales made previously. To attract potential buyers, the local press is the right place to advertise the auction. Before the day of the auction, an exhibition will be held to display the items for sale to the public. Potential buyers will then be able to ask questions about the item for sale. You can auction your works of art by using the services of an auctioneer.
How to auction an object of art?
To auction an object of art, you will need to contact an auctioneer, sign a contract and then set a reserve price. You can find an auctioneer for a free estimation of your works of art. Currently, it is possible to make evaluations online. The auctioneer can come to your home if needed. If your works of art are of interest to potential buyers, all you have to do is set the reserve price for your property. You will then be required to sign a contract to authorize the auction room to sell your works of art...
Regarding the reserve price
The hardest part of auctioning an art object is setting the reserve price. You can rely on the estimation of the auctioneer. On the other hand, if you feel that your art object could be sold at a higher price, you have a choice of the base price. On the other hand, setting a low price will make it more likely easier to sell the object of art and to put several buyers in competition. You will then have the choice of the sales strategy..