New Online Art Auction Tools..Artnet and AuctionBlip
In a world where the big art auction houses are jacking up to 25% their auction buyers premiums... There's now a new on-line art auction competitor to the big guys..YEA! The internet art powerhouse, ArtNet.com has launched a new web based auction service... and bidding starts today! It will be interesting to see if a pure web-based high end art auction site can succeed and take market share when Sotheby's.com couldn't make a go of it.. and shut their web-auctions all down with big losses a few years ago.
Check it out <click here..> They have 24 works up for auction by artists, including
Todd's favorite artist Gregory Crewdson, plus top priced works by.. Massimo Vitali, Louis Nevelson, Andy Warhol, and Alexander Calder. Some other the interesting benefits from ArtNet.com are..
- No buyer's premium
- Each seller is authorized and registered (which sounds like these are mostly art dealers
dumpingmoving inventory..it's not clear if private individuals can list items for sale as well)
- There are listing fees ($25 per item) and the sellers pay only a 10% commission
- ArtNet.com has linked in tons of sales history, performance charts, and other ArtNet inventory prices relating to the work...very cool!
- Credit Card payments are allowed (with a 3% fee)
- If you buy an item that is not delivered as indicated in the description, the sale can be rescinded and your purchase price refunded
There's also a new on-line Auction service we found a few weeks ago... AuctionBlip.com
This is a very cool website, which gives the user advance notice of auctions around the world.
The user just provides a list of "Key Words" that interests you, and you get daily listings (with links) of any items coming up for auction that fit your list. They search over 50 different auction companies.
For example.. a recent search for artist Andy Warhol.. found well over 10 auction listings... and that didn't include Sotheby's or Christies.