Art Auction and Consignment

Artists dream of having a work of theirs go on the block at an auction house with the world’s art collecting elite battling for it with their bank accounts. Once the hammer falls and your artwork sells, everyone’s happy — you’re richer, the art community’s prestige grows, and it’s time to make another painting.This link :waddingtons.ca

A Complete Guide to Art Auction and Consignment Services

For artists with an established career, this can happen, though it’s rare for a newcomer to the field to debut at major auction houses like Sotheby’s or Christie’s (unless they have a huge name brand and significant institutional support to back them up). For this reason, the best times for artists to place their works on consignment are usually immediately before or in conjunction with a significant gallery show, after a run of publicity and/or public acquisitions, or at any point when your career makes a significant upward turn.

If you decide to have your art placed on consignment, choose a specialist art vendor who has a good track record of selling art by contemporary artists with similar stature and background to yourself. They should have a wide client list of potential customers and a well-established marketing and distribution system that would be difficult for you to replicate on your own. Be sure to understand all the fees involved, including a commission rate of 20 to 25 percent of the hammer price and any additional sales expenses such as insurance or shipping costs.