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ADVICE 💰 Buying & Selling Art at Auction, 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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ADVICE 💰 Buying & Selling Art at Auction, 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
🗨️ 1,505
👍🏻 1,327
February 2020
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ADVICE 💰 Buying & Selling Art at Auction, by Wanchope on Sept 13, 2022 17:31:18 GMT 1, Clearly they want to sell them, that’s there business and personally I find there is a balance. People always think price high to be happy, but quite often you don’t get the traction. Whereas a lower/more realistic price wets buyers’ appetites. That’s been my experience anyway. Good luck either way
Clearly they want to sell them, that’s there business and personally I find there is a balance. People always think price high to be happy, but quite often you don’t get the traction. Whereas a lower/more realistic price wets buyers’ appetites. That’s been my experience anyway. Good luck either way
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ADVICE 💰 Buying & Selling Art at Auction, by Pete the Post on Sept 13, 2022 17:52:23 GMT 1, Clearly they want to sell them, that’s there business and personally I find there is a balance. People always think price high to be happy, but quite often you don’t get the traction. Whereas a lower/more realistic price wets buyers’ appetites. That’s 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, that’s there business and personally I find there is a balance. People always think price high to be happy, but quite often you don’t get the traction. Whereas a lower/more realistic price wets buyers’ appetites. That’s 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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ADVICE 💰 Buying & Selling Art at Auction, 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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ADVICE 💰 Buying & Selling Art at Auction, 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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alberti
New Member
🗨️ 157
👍🏻 116
February 2023
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ADVICE 💰 Buying & Selling Art at Auction, by alberti on Mar 13, 2023 13:21:42 GMT 1, I wrote to an auction house in France. I am going to Paris over the summer so the plan was to bring some prints by plane and send them to the auction house (French post office, registered) or hand-deliver them even.
The auction house gave me some nice valuation and they can pay to accounts abroad, all is fine but they also wrote this: "Be careful, if you bring them directly, you will need an address in France or go through the customs services."
I asked reasons behind it but no reply. Why on earth do I need a French address? Simple, I travel, I go to Paris with a few prints (below 1000 eur in value ech) and handle them to the auction house, that's it? Am I missing something here? I am puzzled... Am I better sending them from abroad then?
I wrote to an auction house in France. I am going to Paris over the summer so the plan was to bring some prints by plane and send them to the auction house (French post office, registered) or hand-deliver them even.
The auction house gave me some nice valuation and they can pay to accounts abroad, all is fine but they also wrote this: "Be careful, if you bring them directly, you will need an address in France or go through the customs services."
I asked reasons behind it but no reply. Why on earth do I need a French address? Simple, I travel, I go to Paris with a few prints (below 1000 eur in value ech) and handle them to the auction house, that's it? Am I missing something here? I am puzzled... Am I better sending them from abroad then?
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dotdot
Junior Member
🗨️ 3,661
👍🏻 1,030
December 2006
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ADVICE 💰 Buying & Selling Art at Auction, by dotdot on Mar 13, 2023 13:25:59 GMT 1, (..i'm guessing... )
three letter word.
last letter is X
..
(..i'm guessing... )
three letter word.
last letter is X
..
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Monkey
New Member
🗨️ 410
👍🏻 481
January 2016
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ADVICE 💰 Buying & Selling Art at Auction, by Monkey on Mar 13, 2023 13:28:21 GMT 1, I'm gonna assume you're living out of the UE, which may explain what they posted Everything sold from a UE country must come from the UE (having an adress) or accounted import duties for (customs). Whatever the value (even less than 1k€ each)
Hope that helps
I'm gonna assume you're living out of the UE, which may explain what they posted Everything sold from a UE country must come from the UE (having an adress) or accounted import duties for (customs). Whatever the value (even less than 1k€ each)
Hope that helps
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alberti
New Member
🗨️ 157
👍🏻 116
February 2023
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ADVICE 💰 Buying & Selling Art at Auction, by alberti on Mar 13, 2023 13:50:15 GMT 1, Thanks guys! Yeah, sure I am outside EU.
Even if goods were initially bought online and originally comes from EU? I already paid tax at purchase, and further importation fee and tax when at local customs
And if I understand correctly, if I ship them directly to the auction house from outside EU, they can't sell without proof of import duties.
So the solution would be to bring them and ask my dad to sell them on my behalf. I am not keen on the multiple taxation
Thanks guys! Yeah, sure I am outside EU. Even if goods were initially bought online and originally comes from EU? I already paid tax at purchase, and further importation fee and tax when at local customs And if I understand correctly, if I ship them directly to the auction house from outside EU, they can't sell without proof of import duties. So the solution would be to bring them and ask my dad to sell them on my behalf. I am not keen on the multiple taxation
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Brice
New Member
🗨️ 75
👍🏻 88
March 2021
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ADVICE 💰 Buying & Selling Art at Auction, by Brice on Mar 13, 2023 17:47:34 GMT 1, I wrote to an auction house in France. I am going to Paris over the summer so the plan was to bring some prints by plane and send them to the auction house (French post office, registered) or hand-deliver them even. The auction house gave me some nice valuation and they can pay to accounts abroad, all is fine but they also wrote this: " Be careful, if you bring them directly, you will need an address in France or go through the customs services." I asked reasons behind it but no reply. Why on earth do I need a French address? Simple, I travel, I go to Paris with a few prints (below 1000 eur in value ech) and handle them to the auction house, that's it? Am I missing something here? I am puzzled... Am I better sending them from abroad then? What would you need, a French postal address ?
I wrote to an auction house in France. I am going to Paris over the summer so the plan was to bring some prints by plane and send them to the auction house (French post office, registered) or hand-deliver them even. The auction house gave me some nice valuation and they can pay to accounts abroad, all is fine but they also wrote this: " Be careful, if you bring them directly, you will need an address in France or go through the customs services." I asked reasons behind it but no reply. Why on earth do I need a French address? Simple, I travel, I go to Paris with a few prints (below 1000 eur in value ech) and handle them to the auction house, that's it? Am I missing something here? I am puzzled... Am I better sending them from abroad then? What would you need, a French postal address ?
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sammyman
New Member
🗨️ 279
👍🏻 6
February 2007
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ADVICE 💰 Buying & Selling Art at Auction, by sammyman on Oct 1, 2023 17:54:23 GMT 1, I think it's time for me to let go of some of my collection, primarily a couple of Banksy pieces and some Shepard Fairey pieces as well.
I am thinking I'd like to put them in an auction house, but I don't have any experience with that. Considering the artists, is there a good house that I should speak with?
What are fees? What are the risks of putting them for sale at auction?
I think it's time for me to let go of some of my collection, primarily a couple of Banksy pieces and some Shepard Fairey pieces as well.
I am thinking I'd like to put them in an auction house, but I don't have any experience with that. Considering the artists, is there a good house that I should speak with?
What are fees? What are the risks of putting them for sale at auction?
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ADVICE 💰 Buying & Selling Art at Auction, by Javier Romero on Feb 21, 2024 20:46:58 GMT 1, A couple of months ago I won some pieces during an action via First Art Auction / Liveauctioneers. The auction house took forever to send the pieces and when they arrived they were all fake and incredibly poorly packaged and damaged . Liveauctioneers asked me to send them proof from valid sources to dispute the item's authenticity. I got all the documentation together and even get in touch with the artists and they all confirmed those items were all fake. I was also informed by other victims of this scam that First Art Auction may be using different names to continuing scamming people via Liveauctioneers and even advice Liveauctioneers about this practice but they still allowed this seller to use their platform. Liveauctioneers is not providing any help, I sent the payment via they platform but they said there's not much they can do to issue a refund. They are a fraudulent business engaging in the sale of counterfeit goods. Don't fall into the situation I fell into. Don't do business with Liveauctioneers.
A couple of months ago I won some pieces during an action via First Art Auction / Liveauctioneers. The auction house took forever to send the pieces and when they arrived they were all fake and incredibly poorly packaged and damaged . Liveauctioneers asked me to send them proof from valid sources to dispute the item's authenticity. I got all the documentation together and even get in touch with the artists and they all confirmed those items were all fake. I was also informed by other victims of this scam that First Art Auction may be using different names to continuing scamming people via Liveauctioneers and even advice Liveauctioneers about this practice but they still allowed this seller to use their platform. Liveauctioneers is not providing any help, I sent the payment via they platform but they said there's not much they can do to issue a refund. They are a fraudulent business engaging in the sale of counterfeit goods. Don't fall into the situation I fell into. Don't do business with Liveauctioneers.
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clapped
New Member
🗨️ 25
👍🏻 15
October 2021
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ADVICE 💰 Buying & Selling Art at Auction, by clapped on Feb 21, 2024 20:54:20 GMT 1, Surprised they haven’t been shut down by the government or bbb.
Surprised they haven’t been shut down by the government or bbb.
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ADVICE 💰 Buying & Selling Art at Auction, by Red Lotus on Feb 21, 2024 21:10:05 GMT 1, Sorry to hear you haven’t had any luck with the refund, super disappointing.
It’s a tough situation when someone uses real photos and sends fakes, you expect the platform to step in. I got scammed by the same outfit on there and sent some message threatening legal action which maybe helped with the refund. (I used ChatGPT to write them..)
Sorry to hear you haven’t had any luck with the refund, super disappointing.
It’s a tough situation when someone uses real photos and sends fakes, you expect the platform to step in. I got scammed by the same outfit on there and sent some message threatening legal action which maybe helped with the refund. (I used ChatGPT to write them..)
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Smokeidaeye
Junior Member
🗨️ 1,182
👍🏻 1,401
January 2019
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ADVICE 💰 Buying & Selling Art at Auction, by Smokeidaeye on Feb 21, 2024 23:54:42 GMT 1, I used to work with LiveAuctioneers back in the day when they first spun off from iCollector.com and it worked with a great collection of auction houses. Sad to see how trashy the business has become ever since it was sold off.
I used to work with LiveAuctioneers back in the day when they first spun off from iCollector.com and it worked with a great collection of auction houses. Sad to see how trashy the business has become ever since it was sold off.
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LJCal
Junior Member
🗨️ 3,002
👍🏻 4,581
December 2019
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ADVICE 💰 Buying & Selling Art at Auction, by LJCal on Feb 22, 2024 0:28:47 GMT 1, Invaluable, liveauctioneers and the Saleroom are really just aggregators, kind of like what expedia is to airlines, likely their terms and conditions would pass any liability onto the auctioneer. Any claim would therefore need to be made under consumer laws which depend on where you're based, or be made under negligent tort. Neither is straight forward, you would have to demonstrate that their terms and conditions are unfair and breech consumer law in your country (assuming your courts have jurisdiction), or you'd have to demonstrate that they failed in their duty of care (if one is shown to exist) to you as a customer, negligence is another law which can vary considerably between jurisdictions.
Obviously litigation and enforcement of any claim cross border is complex, costly and often not viable. I'm not sure of the sums involved but if it's less than say £10,000 then you'll likely end up throwing good money after bad. A local litigator will be able to assess the merits of your case, advise as to the basis and process for a claim and give a budget, this may be a worthwhile exercise as it won't cost anything and will allow you to make a quantified decision.
The other course is possible criminal liability and recourse from their local consumer body. Based on what I've seen there is a good argument that they're abetting fraud and are either wilfully or negligently allowing counterfeit goods to be sold on their platform, certainly this should be investigated. Furthermore numerous consumers are suffering as a result of their business practises, so investigation by the relevant trading standards is merited and sanctions possible. I would use the threat of the above to try and leverage them into giving you the money back.
If you paid by card you may also wish to contact the issuer and they can commence a charge back to get you a refund.
Hope you get it resolved.
Invaluable, liveauctioneers and the Saleroom are really just aggregators, kind of like what expedia is to airlines, likely their terms and conditions would pass any liability onto the auctioneer. Any claim would therefore need to be made under consumer laws which depend on where you're based, or be made under negligent tort. Neither is straight forward, you would have to demonstrate that their terms and conditions are unfair and breech consumer law in your country (assuming your courts have jurisdiction), or you'd have to demonstrate that they failed in their duty of care (if one is shown to exist) to you as a customer, negligence is another law which can vary considerably between jurisdictions.
Obviously litigation and enforcement of any claim cross border is complex, costly and often not viable. I'm not sure of the sums involved but if it's less than say £10,000 then you'll likely end up throwing good money after bad. A local litigator will be able to assess the merits of your case, advise as to the basis and process for a claim and give a budget, this may be a worthwhile exercise as it won't cost anything and will allow you to make a quantified decision.
The other course is possible criminal liability and recourse from their local consumer body. Based on what I've seen there is a good argument that they're abetting fraud and are either wilfully or negligently allowing counterfeit goods to be sold on their platform, certainly this should be investigated. Furthermore numerous consumers are suffering as a result of their business practises, so investigation by the relevant trading standards is merited and sanctions possible. I would use the threat of the above to try and leverage them into giving you the money back.
If you paid by card you may also wish to contact the issuer and they can commence a charge back to get you a refund.
Hope you get it resolved.
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ADVICE 💰 Buying & Selling Art at Auction, by its all about me on Feb 23, 2024 13:34:39 GMT 1, To be fair, LiveAuctioneers are an auction platform. They are not selling you anything. They simply act as a go-between. Of course, they should be vetting auction sites that use their platform but ultimately your gripe is with the actual auction company concerned, not the group platform that hosts it.
To be fair, LiveAuctioneers are an auction platform. They are not selling you anything. They simply act as a go-between. Of course, they should be vetting auction sites that use their platform but ultimately your gripe is with the actual auction company concerned, not the group platform that hosts it.
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ADVICE 💰 Buying & Selling Art at Auction, by ┏( ͡❛ ͜ʖ ͡❛)┛ EnS on Feb 23, 2024 14:31:50 GMT 1, Live auctioneer is just a selling platform. Did you check the rating/reviews of the auction house first? Was the item described as “After (artist name)?”
Live auctioneer is just a selling platform. Did you check the rating/reviews of the auction house first? Was the item described as “After (artist name)?”
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ADVICE 💰 Buying & Selling Art at Auction, by ┏( ͡❛ ͜ʖ ͡❛)┛ EnS on Feb 23, 2024 14:33:46 GMT 1, Just checked… you can leave the first review!
Just checked… you can leave the first review!
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ADVICE 💰 Buying & Selling Art at Auction, by Javier Romero on Feb 23, 2024 14:36:54 GMT 1, To be fair, LiveAuctioneers are an auction platform. They are not selling you anything. They simply act as a go-between. Of course, they should be vetting auction sites that use their platform but ultimately your gripe is with the actual auction company concerned, not the group platform that hosts it. I understand that, but I just need some help to directly contact that “auction house”. The only way to get in contact and send payment is via they platform. Liveauctioneers replied saying that the “auction house” stopped replying to them so now they dont have any more options to get in touch with them.
To be fair, LiveAuctioneers are an auction platform. They are not selling you anything. They simply act as a go-between. Of course, they should be vetting auction sites that use their platform but ultimately your gripe is with the actual auction company concerned, not the group platform that hosts it. I understand that, but I just need some help to directly contact that “auction house”. The only way to get in contact and send payment is via they platform. Liveauctioneers replied saying that the “auction house” stopped replying to them so now they dont have any more options to get in touch with them.
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ADVICE 💰 Buying & Selling Art at Auction, by ┏( ͡❛ ͜ʖ ͡❛)┛ EnS on Feb 23, 2024 14:50:17 GMT 1, Well, reviews say it all….
Well, reviews say it all….
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ADVICE 💰 Buying & Selling Art at Auction, by The Italian One on Feb 23, 2024 14:52:03 GMT 1, thanks for sharing, hope you get your money back
thanks for sharing, hope you get your money back
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ADVICE 💰 Buying & Selling Art at Auction, by its all about me on Feb 23, 2024 15:15:30 GMT 1, To be fair, LiveAuctioneers are an auction platform. They are not selling you anything. They simply act as a go-between. Of course, they should be vetting auction sites that use their platform but ultimately your gripe is with the actual auction company concerned, not the group platform that hosts it. I understand that, but I just need some help to directly contact that “auction house”. The only way to get in contact and send payment is via they platform. Liveauctioneers replied saying that the “auction house” stopped replying to them so now they dont have any more options to get in touch with them. You can send them an e-mail direct. Or use their online contact form.
www.firstartauction.com/?page_id=283
To be fair, LiveAuctioneers are an auction platform. They are not selling you anything. They simply act as a go-between. Of course, they should be vetting auction sites that use their platform but ultimately your gripe is with the actual auction company concerned, not the group platform that hosts it. I understand that, but I just need some help to directly contact that “auction house”. The only way to get in contact and send payment is via they platform. Liveauctioneers replied saying that the “auction house” stopped replying to them so now they dont have any more options to get in touch with them. You can send them an e-mail direct. Or use their online contact form. www.firstartauction.com/?page_id=283
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ADVICE 💰 Buying & Selling Art at Auction, by Javier Romero on Feb 23, 2024 15:19:44 GMT 1, I understand that, but I just need some help to directly contact that “auction house”. The only way to get in contact and send payment is via they platform. Liveauctioneers replied saying that the “auction house” stopped replying to them so now they dont have any more options to get in touch with them. You can send them an e-mail direct. Or use their online contact form. www.firstartauction.com/?page_id=283 I did all that, they just never replied back to me. I’ve been dealing with this situation for 4 months. Lesson learned. 😔
I understand that, but I just need some help to directly contact that “auction house”. The only way to get in contact and send payment is via they platform. Liveauctioneers replied saying that the “auction house” stopped replying to them so now they dont have any more options to get in touch with them. You can send them an e-mail direct. Or use their online contact form. www.firstartauction.com/?page_id=283I did all that, they just never replied back to me. I’ve been dealing with this situation for 4 months. Lesson learned. 😔
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ADVICE 💰 Buying & Selling Art at Auction, by Red Lotus on Feb 23, 2024 15:36:28 GMT 1, Not sure it will help but here are a couple of emails used by the guy 'running' it as of last year:
First Art Auctions aka LIGHT BLUE GROUP LLC Murat Yigit - muyigit@gmail.com / serhat.kaan@gmail.com
Not sure it will help but here are a couple of emails used by the guy 'running' it as of last year:
First Art Auctions aka LIGHT BLUE GROUP LLC Murat Yigit - muyigit@gmail.com / serhat.kaan@gmail.com
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.dappy
Full Member
🗨️ 9,841
👍🏻 9,462
December 2010
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ADVICE 💰 Buying & Selling Art at Auction, by Peperami Monster on Mar 24, 2024 20:49:54 GMT 1, So can I get some help
what are the good and what are the bad auction houses for selling art on
im helping a genuine friend sell an original miss van canvas
So can I get some help
what are the good and what are the bad auction houses for selling art on
im helping a genuine friend sell an original miss van canvas
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drbf
New Member
🗨️ 378
👍🏻 265
December 2017
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ADVICE 💰 Buying & Selling Art at Auction, by drbf on Mar 25, 2024 2:57:13 GMT 1, So can I get some help what are the good and what are the bad auction houses for selling art on im helping a genuine friend sell an original miss van canvas I have used Sotheby’s, Christies and Heritage for both purchase and auction. It really depends on your relationship with the auction house and the pieces you are trying to auction. Try and get contacts at the various auction house’s. You can pm me for recommendations.
So can I get some help what are the good and what are the bad auction houses for selling art on im helping a genuine friend sell an original miss van canvas I have used Sotheby’s, Christies and Heritage for both purchase and auction. It really depends on your relationship with the auction house and the pieces you are trying to auction. Try and get contacts at the various auction house’s. You can pm me for recommendations.
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