An easier way to sell your art for top prices
Published date | 10 August 2022 |
This includes the October sale of a 400-year-old Dutch painting showing a naval battle between the English and the Spanish for $10,000 when it had been valued at just $100 by a well-known Wellington auctioneer.
Henry is conscious there are many higher-priced artworks in Whanganui and surrounding regions that are best offered in a major centre such as Auckland with its 1.65 million population and many serious art collectors.
With the advent of COVID, many industries have changed forever, and auction houses are no exception. Previously a typical auctioneer might have had 100 people in the saleroom and 100 bidding online. Now that same auction house will have no one in the saleroom and up to 4000 people bidding online from the comfort of their homes. More and more auctioneers are moving to the online model.
Instead of three or four people bidding on a single lot, now there may be seven or eight. Instead of an auction consisting of say 200-250 lots manually closing at the rate of 60-80 an hour, now there may be more than 1000 lots automatically closing in blocks of 8-10 every two minutes (240-300 an hour). With up to seven or eight bidders chasing any particular lot, prices have risen...
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