Online art actions are an exciting and dynamic platform to engage in. Whether you are a first time bidder or you are a practiced participant and you are looking to enhance your bidding strategy, going into your next auction appropriately prepared will set you up for success. From research to education, considerations and monitoring, keep reading for your complete guide to winning your next online art auction.
Do Your Research
Before your online art auction starts, it is key to devote some time to background research, artwork history and artist experience. First things first, finding the right bidding platform is essential. Nationally accredited and trusted, Charleston’s Fine Art Auctions is the ultimate destination for bidding and securing desirable pieces. From contemporary artwork to classical treasures, discover a world of exquisite fine art, homewares and keepsakes with Charleston’s.
Understanding the time period and artist in which you plan on investing in will help to inform your preliminary bid. If a piece or artist has caught your eye, look into what their previous pieces have sold for or whether they have been circulating the art and culture market for a long time, or if they are new to the scene. You can also dive into their specialised craft, for example sculpture making, and decipher the average market rate for a work of their calibre and quality. Placing an informed primary bid will put you in a competitive position and maximise your chances of coming out on top, so it is well worth putting the additional time in!
Pricing Considerations
Before you place your bid, make sure you factor in all costs involved in your potential purchase. This may include shipping and handling costs, as well as any additional levies or taxes on the piece. This step is particularly key if you are considering purchasing an international artwork. Factoring these numbers in will help you to accurately budget before you bid – the secret of any experienced collector!
Key Track Of Your Bid
One of the most significant luxuries of an online art auction is that you can engage with the platform from your personal device. Delivering maximum convenience from the comfort of home, or wherever you may be, you are able to monitor and gauge the status of your bid. Charleston’s Fine Art Auctions enables you to monitor your bid and status from your inbox, so you can keep track of your prospective item from your computer, laptop or smartphone, 24 hours a day. Simply register online, verify your email address and you are all set up to bid!
Once you understand the basics of online art bidding, you will be in the most advantageous position to win your first or next art bid. Discover the online art auction world online with Charleston’s Fine Art Auctions today.