krywolf79
New Member
Posts โข 107
Likes โข 19
October 2019
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auction houses, by krywolf79 on Sept 13, 2022 15:59:26 GMT 1, Hi I am looking to put some pieces of the following artists in to auction. I have never sold by auction so hoping to get some feedback from people that have gone down that route. Any advise , recommendations welcomed. Especially what houses would fit these type of pieces.
Damien Hirst - Virtues Szabolcs Bozo - Small Original & Prints Mr Doodle - Print Invader - LED David Shrigley - Shut Up
Hi I am looking to put some pieces of the following artists in to auction. I have never sold by auction so hoping to get some feedback from people that have gone down that route. Any advise , recommendations welcomed. Especially what houses would fit these type of pieces.
Damien Hirst - Virtues Szabolcs Bozo - Small Original & Prints Mr Doodle - Print Invader - LED David Shrigley - Shut Up
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Poster Bob
Junior Member
Posts โข 5,806
Likes โข 5,418
September 2013
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auction houses, by Poster Bob on Sept 13, 2022 16:09:26 GMT 1, My advice is to make every attempt to sell them privately for prices that youโre happy with before you roll the dice and auction them off.
My advice is to make every attempt to sell them privately for prices that youโre happy with before you roll the dice and auction them off.
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from mjolnir
New Member
Posts โข 123
Likes โข 62
July 2022
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auction houses, by from mjolnir on Sept 13, 2022 17:19:19 GMT 1, Agree with Poster Bob. If you're going to take them to auction, make sure you choose a lower estimate that (taking into account all fees) you would be happy with. This way, worst case, you will be happy. Don't let the auction houses force you into a lower estimate - they'll often say "oh we've had great success with this [lower] estimate before because it encourages bidding". BS, they just want a sale and so want to see it go for any price ...
Agree with Poster Bob. If you're going to take them to auction, make sure you choose a lower estimate that (taking into account all fees) you would be happy with. This way, worst case, you will be happy. Don't let the auction houses force you into a lower estimate - they'll often say "oh we've had great success with this [lower] estimate before because it encourages bidding". BS, they just want a sale and so want to see it go for any price ...
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auction houses, by Pete the Post on Sept 13, 2022 17:24:37 GMT 1, Christies, million years between responses, annoying to the max.
Sothebys seem pretty quick and pretty decent.
Not tried the others.
Its a crap shoot, bad things CAN happen price wise. They will always want a super low estimate so they are safe, if you try to up it for your safety, you might get a bit of movement, but not much.
Christies, million years between responses, annoying to the max.
Sothebys seem pretty quick and pretty decent.
Not tried the others.
Its a crap shoot, bad things CAN happen price wise. They will always want a super low estimate so they are safe, if you try to up it for your safety, you might get a bit of movement, but not much.
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Wanchope
Junior Member
Posts โข 1,340
Likes โข 1,150
February 2020
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auction houses, by Wanchope on Sept 13, 2022 17:31:18 GMT 1, Clearly they want to sell them, thatโs there business and personally I find there is a balance. People always think price high to be happy, but quite often you donโt get the traction. Whereas a lower/more realistic price wets buyersโ appetites. Thatโs been my experience anyway. Good luck either way
Clearly they want to sell them, thatโs there business and personally I find there is a balance. People always think price high to be happy, but quite often you donโt get the traction. Whereas a lower/more realistic price wets buyersโ appetites. Thatโs been my experience anyway. Good luck either way
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auction houses, by Pete the Post on Sept 13, 2022 17:52:23 GMT 1, Clearly they want to sell them, thatโs there business and personally I find there is a balance. People always think price high to be happy, but quite often you donโt get the traction. Whereas a lower/more realistic price wets buyersโ appetites. Thatโs been my experience anyway. Good luck either way Its not about unrealistic prices, but not risking insane low outcomes just so they can get paid. Which can happen. I abandoned a few auction plans just because the risk wasnt acceptable. In other cases, we negotiated an acceptable middleground. As you say, just advice from experience.
Clearly they want to sell them, thatโs there business and personally I find there is a balance. People always think price high to be happy, but quite often you donโt get the traction. Whereas a lower/more realistic price wets buyersโ appetites. Thatโs been my experience anyway. Good luck either way Its not about unrealistic prices, but not risking insane low outcomes just so they can get paid. Which can happen. I abandoned a few auction plans just because the risk wasnt acceptable. In other cases, we negotiated an acceptable middleground. As you say, just advice from experience.
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auction houses, by Papa Rocks 64 on Sept 18, 2022 5:33:30 GMT 1, Agree with Poster Bob. If you're going to take them to auction, make sure you choose a lower estimate that (taking into account all fees) you would be happy with. This way, worst case, you will be happy. Don't let the auction houses force you into a lower estimate - they'll often say "oh we've had great success with this [lower] estimate before because it encourages bidding". BS, they just want a sale and so want to see it go for any price ... Truth! As mjolnir notes, this is their general pitch and as such it's imperative you recognize their fidelity lies with the auction house, be very careful. Doesn't mean you can't be successful but ensure you place a reserve that you're fully satisfied with as a worse case scenario.
Agree with Poster Bob. If you're going to take them to auction, make sure you choose a lower estimate that (taking into account all fees) you would be happy with. This way, worst case, you will be happy. Don't let the auction houses force you into a lower estimate - they'll often say "oh we've had great success with this [lower] estimate before because it encourages bidding". BS, they just want a sale and so want to see it go for any price ... Truth! As mjolnir notes, this is their general pitch and as such it's imperative you recognize their fidelity lies with the auction house, be very careful. Doesn't mean you can't be successful but ensure you place a reserve that you're fully satisfied with as a worse case scenario.
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Poly Mindset
Junior Member
Posts โข 1,174
Likes โข 1,578
March 2014
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auction houses, by Poly Mindset on Sept 18, 2022 17:51:05 GMT 1, Agree with Poster Bob. If you're going to take them to auction, make sure you choose a lower estimate that (taking into account all fees) you would be happy with. This way, worst case, you will be happy. Don't let the auction houses force you into a lower estimate - they'll often say "oh we've had great success with this [lower] estimate before because it encourages bidding". BS, they just want a sale and so want to see it go for any price ... Truth! As mjolnir notes, this is their general pitch and as such it's imperative you recognize their fidelity lies with the auction house, be very careful. Doesn't mean you can't be successful but ensure you place a reserve that you're fully satisfied with as a worse case scenario. However, a piece is going to go where a piece is going to go. If you set a low reserve and the bids climb up then that's great. If you set a low reserve and it doesn't climb or there are no bids then the market is telling you something. I don't think setting a low reserve should scare you away. Put it in and see where it goes and if you don't want to take that chance you probably shouldn't be in an auction anyways. The thing about auction houses is that though they may be a little expensive they do reach a huge audience of collectors. Nobody has a crystal ball so you have to ask yourself, what is your profit margin and can you give away 20-25% and still feel good about a sale.
Agree with Poster Bob. If you're going to take them to auction, make sure you choose a lower estimate that (taking into account all fees) you would be happy with. This way, worst case, you will be happy. Don't let the auction houses force you into a lower estimate - they'll often say "oh we've had great success with this [lower] estimate before because it encourages bidding". BS, they just want a sale and so want to see it go for any price ... Truth! As mjolnir notes, this is their general pitch and as such it's imperative you recognize their fidelity lies with the auction house, be very careful. Doesn't mean you can't be successful but ensure you place a reserve that you're fully satisfied with as a worse case scenario. However, a piece is going to go where a piece is going to go. If you set a low reserve and the bids climb up then that's great. If you set a low reserve and it doesn't climb or there are no bids then the market is telling you something. I don't think setting a low reserve should scare you away. Put it in and see where it goes and if you don't want to take that chance you probably shouldn't be in an auction anyways. The thing about auction houses is that though they may be a little expensive they do reach a huge audience of collectors. Nobody has a crystal ball so you have to ask yourself, what is your profit margin and can you give away 20-25% and still feel good about a sale.
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