galaxy01
New Member
Posts โข 557
Likes โข 482
November 2016
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ADVICE - Taking Art To Auction, by galaxy01 on Sept 2, 2018 20:16:58 GMT 1, Cant see anywhere about replies to it. Will it just email me when someone does? When you send in a lot you will get an email with a consignment number. Then when an auction house wants to take your lot artsy send you an email with an offer. You can take it (make sure you read their terms) reject it or ask for better terms. It goes through artsy but you don't pay them anything. They contact the house for you if you take the offer, and then the house contacts you. Its very simple and i found them good. When you send it in your work goes up where only the auction houses can see it. Did you get an email back with a number?
Yeh I got those. Will just wait now then
Cant see anywhere about replies to it. Will it just email me when someone does? When you send in a lot you will get an email with a consignment number. Then when an auction house wants to take your lot artsy send you an email with an offer. You can take it (make sure you read their terms) reject it or ask for better terms. It goes through artsy but you don't pay them anything. They contact the house for you if you take the offer, and then the house contacts you. Its very simple and i found them good. When you send it in your work goes up where only the auction houses can see it. Did you get an email back with a number? Yeh I got those. Will just wait now then
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irl1
Full Member
Posts โข 9,274
Likes โข 9,380
December 2017
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ADVICE - Taking Art To Auction, by irl1 on Sept 2, 2018 20:20:57 GMT 1, When you send in a lot you will get an email with a consignment number. Then when an auction house wants to take your lot artsy send you an email with an offer. You can take it (make sure you read their terms) reject it or ask for better terms. It goes through artsy but you don't pay them anything. They contact the house for you if you take the offer, and then the house contacts you. Its very simple and i found them good. When you send it in your work goes up where only the auction houses can see it. Did you get an email back with a number? Yeh I got those. Will just wait now then Yeh just give it a week or so and then check in with them. The last time i used them i had a reply in less than two weeks and had it consigned a week later, hope it works for you. You can always try other places while your waiting if your in a hurry
When you send in a lot you will get an email with a consignment number. Then when an auction house wants to take your lot artsy send you an email with an offer. You can take it (make sure you read their terms) reject it or ask for better terms. It goes through artsy but you don't pay them anything. They contact the house for you if you take the offer, and then the house contacts you. Its very simple and i found them good. When you send it in your work goes up where only the auction houses can see it. Did you get an email back with a number? Yeh I got those. Will just wait now then Yeh just give it a week or so and then check in with them. The last time i used them i had a reply in less than two weeks and had it consigned a week later, hope it works for you. You can always try other places while your waiting if your in a hurry
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heller
New Member
Gallart
Posts โข 105
Likes โข 74
March 2017
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ADVICE - Taking Art To Auction, by heller on Sept 2, 2018 22:17:58 GMT 1, Take a work to auction if you have a bunch of rich friends you can contact prior to inform them that your rare hard to find item is coming up for sale, so please go and bid against each other.
If your item that your selling is in fact rare, hasn't come up to the show very often or you think now is the time that the market will set a new sales record on a particular work, then yes, send it to the show.
Galleries use auction selling prices to determine the secondary market value of all works. If your work has sold recently, just contact a gallery as most will offer 10% - 15% under the last auction hammer (Which is about the same fee you get hit by with an auction house) This way you will get your funds more quickly and should be an easy transaction if your dealing with a legitimate dealer.
If your a gambler, send it to the show, you may come ahead a few bucks, but, it is a risk as you may come up short.
Most galleries will takes works on consignment at a price set by the seller, so if you are looking to get top dollar for any work, consignment or private sales is the only way to go. This route may take slightly longer, depending on the work, but when working with the right gallery, it can be extremely fruitful for all parties involved.
Take a work to auction if you have a bunch of rich friends you can contact prior to inform them that your rare hard to find item is coming up for sale, so please go and bid against each other.
If your item that your selling is in fact rare, hasn't come up to the show very often or you think now is the time that the market will set a new sales record on a particular work, then yes, send it to the show.
Galleries use auction selling prices to determine the secondary market value of all works. If your work has sold recently, just contact a gallery as most will offer 10% - 15% under the last auction hammer (Which is about the same fee you get hit by with an auction house) This way you will get your funds more quickly and should be an easy transaction if your dealing with a legitimate dealer.
If your a gambler, send it to the show, you may come ahead a few bucks, but, it is a risk as you may come up short.
Most galleries will takes works on consignment at a price set by the seller, so if you are looking to get top dollar for any work, consignment or private sales is the only way to go. This route may take slightly longer, depending on the work, but when working with the right gallery, it can be extremely fruitful for all parties involved.
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sleepyl
New Member
Posts โข 192
Likes โข 100
May 2016
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ADVICE - Taking Art To Auction, by sleepyl on Sept 18, 2018 22:22:14 GMT 1, Heya,
Keen to understand how buying art at auctions works. Can anyone tell me if the below is correct?
Buy: Hammer Price: winning bid at auction, includes 20% VAT (unless liable to a reduced rate of VAT) - correct? Buyer's Premium: is a percentage additional charge on the hammer price (wikipedia), also includes 20% VAT on top (e.g. 25% fees or (25%*(1+20%VAT) = 30% Buyer's Premium including VAT) - correct? Royalty/Artist's Resale Right (below): - is this mandatory in the UK? Does it have to be paid by the seller? 4% Up to โฌ50,000 3% โฌ50,000.01 - 200,000 1% โฌ200,000.01 - 350,000 0.5% โฌ350,000.01 - 500,000 0.25% In excess of โฌ500,000 Up to a maximum levy of โฌ10,000
Also is there a list of Buyer's Premium fees per Auction House somewhere?
Heya,
Keen to understand how buying art at auctions works. Can anyone tell me if the below is correct?
Buy: Hammer Price: winning bid at auction, includes 20% VAT (unless liable to a reduced rate of VAT) - correct? Buyer's Premium: is a percentage additional charge on the hammer price (wikipedia), also includes 20% VAT on top (e.g. 25% fees or (25%*(1+20%VAT) = 30% Buyer's Premium including VAT) - correct? Royalty/Artist's Resale Right (below): - is this mandatory in the UK? Does it have to be paid by the seller? 4% Up to โฌ50,000 3% โฌ50,000.01 - 200,000 1% โฌ200,000.01 - 350,000 0.5% โฌ350,000.01 - 500,000 0.25% In excess of โฌ500,000 Up to a maximum levy of โฌ10,000
Also is there a list of Buyer's Premium fees per Auction House somewhere?
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sfnyc
Junior Member
Posts โข 1,111
Likes โข 1,126
August 2017
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ADVICE - Taking Art To Auction, by sfnyc on Oct 9, 2018 3:46:51 GMT 1, I have someone than can get works with almost any houses including Christies / Sothebys at no fee no matter the value if the works gets accepted, but I have to like you first before giving out this contact
I have someone than can get works with almost any houses including Christies / Sothebys at no fee no matter the value if the works gets accepted, but I have to like you first before giving out this contact
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sfnyc
Junior Member
Posts โข 1,111
Likes โข 1,126
August 2017
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ADVICE - Taking Art To Auction, by sfnyc on Oct 9, 2018 3:49:55 GMT 1, Heya, Keen to understand how buying art at auctions works. Can anyone tell me if the below is correct? Buy: Hammer Price: winning bid at auction, includes 20% VAT (unless liable to a reduced rate of VAT) - correct?Buyer's Premium: is a percentage additional charge on the hammer price (wikipedia), also includes 20% VAT on top (e.g. 25% fees or (25%*(1+20%VAT) = 30% Buyer's Premium including VAT) - correct?Royalty/Artist's Resale Right (below): - is this mandatory in the UK? Does it have to be paid by the seller?4% Up to โฌ50,000 3% โฌ50,000.01 - 200,000 1% โฌ200,000.01 - 350,000 0.5% โฌ350,000.01 - 500,000 0.25% In excess of โฌ500,000 Up to a maximum levy of โฌ10,000 Also is there a list of Buyer's Premium fees per Auction House somewhere?
Hammer price is the price that is shown during the auction (vat depends on countries if included or not)
Heya, Keen to understand how buying art at auctions works. Can anyone tell me if the below is correct? Buy: Hammer Price: winning bid at auction, includes 20% VAT (unless liable to a reduced rate of VAT) - correct?Buyer's Premium: is a percentage additional charge on the hammer price (wikipedia), also includes 20% VAT on top (e.g. 25% fees or (25%*(1+20%VAT) = 30% Buyer's Premium including VAT) - correct?Royalty/Artist's Resale Right (below): - is this mandatory in the UK? Does it have to be paid by the seller?4% Up to โฌ50,000 3% โฌ50,000.01 - 200,000 1% โฌ200,000.01 - 350,000 0.5% โฌ350,000.01 - 500,000 0.25% In excess of โฌ500,000 Up to a maximum levy of โฌ10,000 Also is there a list of Buyer's Premium fees per Auction House somewhere?Hammer price is the price that is shown during the auction (vat depends on countries if included or not)
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cest
Junior Member
Posts โข 1,725
Likes โข 1,160
September 2018
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ADVICE - Taking Art To Auction, by cest on Oct 29, 2018 18:50:50 GMT 1, I have a chagall i want to auction (under 3k) heritage wants 20% sellers commission all in. Kind of high if you ask me. This is for heritage. What are yall seeing for them recently? I pushed back for 15% , i dont really need to sell and i have a standing gallery offer close to thier estimated values. I just want an auction house as an outlet if/when i need it
I have a chagall i want to auction (under 3k) heritage wants 20% sellers commission all in. Kind of high if you ask me. This is for heritage. What are yall seeing for them recently? I pushed back for 15% , i dont really need to sell and i have a standing gallery offer close to thier estimated values. I just want an auction house as an outlet if/when i need it
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irl1
Full Member
Posts โข 9,274
Likes โข 9,380
December 2017
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ADVICE - Taking Art To Auction, by irl1 on Oct 29, 2018 20:55:05 GMT 1, I have a chagall i want to auction (under 3k) heritage wants 20% sellers commission all in. Kind of high if you ask me. This is for heritage. What are yall seeing for them recently? I pushed back for 15% , i dont really need to sell and i have a standing gallery offer close to thier estimated values. I just want an auction house as an outlet if/when i need it Don't go anywhere near 20%, they will drop rather than let you walk.
I have a chagall i want to auction (under 3k) heritage wants 20% sellers commission all in. Kind of high if you ask me. This is for heritage. What are yall seeing for them recently? I pushed back for 15% , i dont really need to sell and i have a standing gallery offer close to thier estimated values. I just want an auction house as an outlet if/when i need it Don't go anywhere near 20%, they will drop rather than let you walk.
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cest
Junior Member
Posts โข 1,725
Likes โข 1,160
September 2018
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ADVICE - Taking Art To Auction, by cest on Oct 29, 2018 21:08:47 GMT 1, It's only one item, they'll do 18%. I'm just experimenting with them to see if I like this avenue. I appreciate the help though! The next time I'll hit him hard
It's only one item, they'll do 18%. I'm just experimenting with them to see if I like this avenue. I appreciate the help though! The next time I'll hit him hard
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irl1
Full Member
Posts โข 9,274
Likes โข 9,380
December 2017
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ADVICE - Taking Art To Auction, by irl1 on Oct 29, 2018 21:34:16 GMT 1, It's only one item, they'll do 18%. I'm just experimenting with them to see if I like this avenue. I appreciate the help though! The next time I'll hit him hard 18 is too high, they will get buyers on top of that. don't settle for less than 15% which is more than fair.
It's only one item, they'll do 18%. I'm just experimenting with them to see if I like this avenue. I appreciate the help though! The next time I'll hit him hard 18 is too high, they will get buyers on top of that. don't settle for less than 15% which is more than fair.
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cest
Junior Member
Posts โข 1,725
Likes โข 1,160
September 2018
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ADVICE - Taking Art To Auction, by cest on Oct 29, 2018 22:06:54 GMT 1, It's only one item, they'll do 18%. I'm just experimenting with them to see if I like this avenue. I appreciate the help though! The next time I'll hit him hard 18 is too high, they will get buyers on top of that. don't settle for less than 15% which is more than fair.ย
So this includes pics, insurance and everything. Still 18% is high?
It's only one item, they'll do 18%. I'm just experimenting with them to see if I like this avenue. I appreciate the help though! The next time I'll hit him hard 18 is too high, they will get buyers on top of that. don't settle for less than 15% which is more than fair.ย So this includes pics, insurance and everything. Still 18% is high?
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irl1
Full Member
Posts โข 9,274
Likes โข 9,380
December 2017
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ADVICE - Taking Art To Auction, by irl1 on Oct 29, 2018 22:38:58 GMT 1, 18 is too high, they will get buyers on top of that. don't settle for less than 15% which is more than fair. So this includes pics, insurance and everything. Still 18% is high? Yes. Tell them you want to start on 15 or your going somewhere else. They also get the buyers premium on top of yours. Mine is 8.50% all in, so now you know where to start
18 is too high, they will get buyers on top of that. don't settle for less than 15% which is more than fair. So this includes pics, insurance and everything. Still 18% is high? Yes. Tell them you want to start on 15 or your going somewhere else. They also get the buyers premium on top of yours. Mine is 8.50% all in, so now you know where to start
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