Art gallery and auction house Art in House (2024)

FAQs

What is the difference between auction house and gallery? ›

Generally, both buyer and seller pay a premium to the auction house. Gallery sales, on the other hand, are opaque, private transactions. There is a set price for the art, usually decided upon by the artist with his dealer's input.

How do auction fees work? The seller's commission at major auction houses, such as Christie's or Sotheby's, is 15%. On top of that, you'll be asked to pay shipping, LDL (loss, damage and liability insurance), as well as a hefty marketing and cataloguing fee. These are negotiable fees when it comes to consignment.

The art auction market is one of the most lucrative and glamorous industries in the world, with billions of dollars worth of art sold each year. There are numerous art auction houses across the globe, but the top 5 are Christie's, Sotheby's, Phillips, Bonhams, and Heritage Auctions.

Auction houses serve as intermediaries between sellers and buyers, principally sourcing artworks through consignment and receiving commissions from both parties.

For owners of premier properties who are looking to sell their real estate by a specific date or avoid the carrying costs of having the property up for sale for an extended time, an auction might be the way to go, especially if they want assistance marketing their property to a targeted audience.

gallery, in architecture, any covered passage that is open at one side, such as a portico or a colonnade. More specifically, in late medieval and Renaissance Italian architecture, it is a narrow balcony or platform running the length of a wall.

One of the easiest and most lucrative ways to start selling your art online is through print on demand services. POD uses digital printing technology to let you store your digital art designs in electronic form. You then can have your digital art designs printed on any surface.

(Height + Width) × Price per linear inch

It's a simple and straightforward way to price art — not just for you, but also for your buyers.

Selecting an auction house to sell your valuable antiques and fine art with can be a challenging experience. You need to consider the facility's experience, fees, reputation and other qualities. You also need to look into what specific goods and antiques the auction house typically sells.

Normally, an auction catalog, that lists the art works to be sold, is written and made available well before the auction date. Some of the best known auction houses are Christie's and Sotheby's.

What is the purpose of the auction house? ›

An auction house is a company that facilitates the buying and selling of assets, such as works of art and collectibles. An auction house may sometimes refer to the facility that an auction is taking place in, most commonly refers to the company running the auction.

While an art gallery and the art dealer make their living by commercialization of art, an art gallery (or the gallerist) is also involved in curating and organizing exhibitions at an art space.

Even at public sales, phone bidding and online auctions offer anonymity, something which many collectors value. Some even prefer auctions over galleries because they can bypass getting to know the gallery staff.

Participants bid openly against one another, with each subsequent bid being higher than the previous bid. An auctioneer may announce prices, while bidders submit bids vocally or electronically. Auctions are applied for trade in diverse contexts.