The sale of an artwork can be a discouraging experience for he who is not familiar with the art world. There is the emotional connection with the artwork because of owned it previously, or one takes into account that what is sold was made by a well-known artist. To make an accurate assessment of what you own, it is necessary to speak to an art expert before selling the artwork.
The real value of an artwork has many facets. Worldwide artworks are bought and sold, and the availability of qualitative works fluctuate intermittently. If you want to sell a piece of art, it is therefore best to contact the specialized art gallery. Galeries have years of marketing and therefore will find the most suitable people to offer your work at the right price. A good artwork has a solid provenance and was kept away from the public art market by his patron. Museums, top galleries and private collections are the only ones to exhibited this artwork.
The art world contains honest work, made by artists without a commercial purpose. Art is therefore also innovative and permanently interesting to collect. The art trade, on the other hand, consists of all kinds of creation and many are referred to as “art” purely for sale. Collection pieces retain their value, they can be located on a national, international or universal level and its place makes its price. A universal collection piece represents quality that will reliably increase in economic value, regardless of a country’s general economic situation. It counts as the financially strong company that offers better performance than the financial market as a whole. These works are therefore relatively expensive but of high quality and permanent. A gold-edged trade in the shape of an expensive artwork is never loss-making.
Large auction houses have tens of thousands of ears and a wide range for sale. Those who consider their selling price as the fair market value believe it is smart to sell their artwork through an auction house. They have a large customer base and determine a very generalized market value, but the sales process is not as streamlined as it seems…
Selling through auction houses is an exciting experience, but it should be considered whether this is the right decision to trade your art. The nett sales price is not the “estimate”, there is a world difference between the previous and the new owner. What is sold at an auction under ‘hammer price’ has already been calculated by the buyer in advance with a buyer’s premium of 25%, insurance of 10%, transport and possibly overseas taxes with high import charges. On top of that fee, the auction house charges another 10% commission to the seller, and sometimes up to 10% more for insurance, marketing and other costs. For example: When the hammer price is 100, the auction pays 80-85 to the seller and the new owner pays 140 to 165. Due to the intervention of an auction, barely 56% of the actual price will have been paid out between the previous and the new owner. In addition, for a sell through an auction house one must take into account that it can be months before the sale takes place and the money is received.
A sell to our gallery is the fastest way to receive your money. When the artwork has been approved, there is a clear price and payment is made immediately. The work remains with a good provenance within a gallery circuit and is not worldwide exposed on the internet. The new owner will continue to have a collection piece that is always ready for resale without previous auction history.
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