In a world that feels like it’s changing faster than ever, understanding shifts in artwork auctions helps you stay on top of this ageless collection market. Besides changes in auction behavior, trending artwork has swung in different directions than in decades past. Learn about 2023 artwork auction trends and how they could affect your art collection.
Whether through a private sale or an auction house, art connoisseurs worldwide love adding famous paintings to their collections. The prices of expensive art depend on multiple factors, such as who painted it, when they painted it, and its subject matter. When considering the pieces of art that have sold for the highest amount of money, the examples in this list top out in the hundreds of millions, proving that art remains a popular investment.
Many collectors of fine art expect that their artwork holds value higher than the price they originally paid. However, how do you know if you own valuable art or a mass-produced piece? Some of the questions you can ask to determine this include:
Attending auctions is one of the most exciting ways to find new art for your collection. While you may discover interesting pieces at estate sales or galleries, artwork auctions provide you with the opportunity to get your hands on a rare piece of high value at a reasonable price tag. Before attending auction houses or throwing your hat into the online-only auction ring, understanding what to look for in artwork up for bid can help you find pieces worth adding to your collection. Know how to tell if the art at auctions merits competitive bidding with this short guide.
Online auctions are a fantastic way of buying and selling a wide variety of items. However, many worry about the potential safety issues of purchasing products from strangers over the internet.
In the last decade, online auctions have become wildly popular, garnering lots of attention, interest, and bids. With all of the tools available, private online auction hosting has become more accessible than ever before.
On its face, it may not appear like it matters where you decide to buy or sell with online auctions. But you may be surprised to learn that these websites can have wildly varying policies that can significantly benefit or harm buyers and sellers.
While online auctions don’t always offer the excitement of bidding on an item in person, they can be an ideal way to get one-of-a-kind items regardless of where you find yourself. If you’re looking to get into the world of virtual auctions, don’t worry; this type of auction isn’t too complicated.
Farm auctions provide a wide variety of equipment at affordable prices. You may already have your mind set on what you want to buy and where it is available for auction, but if you’ve never been to a farm auction, you may not know what you’re getting yourself into. If you’re not careful, you may end up losing money instead of saving it.
When you think of an auction, you probably think of priceless artifacts and one-of-a-kind works of art sold to the highest bidder. There are many kinds of auctions, from antique actions to real estate to farm auctions. If you’re wondering what you can purchase at a farm auction, we’re here to tell you.