Online art auctions are the ultimate destination for buying and selling art in the modern market. To navigate this evolving digital environment, keep reading for all the advice and guidance you need to choose the right online art auction house for you.
Consider the Bidding Platform
Before anything else, it is key to familiarise yourself with the online art auction platform. Whether it’s a simple site or a complicated platform, it may be wise to take some time to explore the different features and nuances. This will help you determine whether it is the right choice for you. Search for the specifics like the registration process, art auction schedule, and what type of system is used to keep you updated on the status of your bid.
Determine your Budget
Online art auctions are fast-paced, exciting, and dynamic – which means that it is easy to get swept up in the action and to forget that all-important budget. The key to navigating the bidding game like a pro is to set a clear price bracket, complete with minimums and maximums, before you log in. Determine the highest number you are willing to spend on a piece, but also factor in other components like your buyer’s premiums and shipping costs to ensure your calculations are accurate.
Double Down on the Details
When you are surfing online art auctions, it may be a good idea to take a look at the description, verification and artist profile detailed on the site. This will give you all the information you need to determine whether the piece is right for you. Hunt for different specifications such as dimensions, the medium, condition, provenance and image resolution, which can help you to get a better idea of how the piece will look in real life.
Choose your Timing
Online art auctions undoubtedly require a little bit of patience, thought and strategy building. Before you register with an online art auction, consider how pieces are listed – are they in a scheduled digital art auction event? Are they listed solo? Is it part of a wider estate or home contents auction? Search for detailed information and keep an eye on upcoming auction events online to make sure you’re ready to strike when the timing is right.
