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Auction School

The Future of Auctions: Technologies Transforming Bidding

28 нояб · Auction houses, once considered bastions of conservatism, are actively entering the digital age. Today, participating in auctions no longer requires a physical presence in the room. Thanks to mobile apps and online platforms, one can bid on art, antiques, or collectible cars from anywhere in the world with just a smartphone.

How is the starting price for a lot determined?

28 нояб · The starting price of a lot at auction is rarely pulled out of thin air. It is based on an estimate—a preliminary valuation of the item determined by the auction house's experts. This is not the exact sale price, but rather a projected range within which the lot is expected to sell.

The Role of the Auctioneer: More Than Just a Person with a Gavel

28 нояб · In the minds of many, an auctioneer is just someone who talks fast and bangs a gavel. In reality, their role is much deeper and more complex. They are a key figure on whom the success of the auction and the final price of a lot directly depend. They are not just an intermediary but an active participant in the process, managing the dynamics and mood of the room.

Closed and Charity Auctions: A Guide to Participation

28 нояб · Beyond the classic public auctions where dozens of participants compete for a lot, other, less publicized formats exist. These include private sales and charity auctions. Each of these formats has its own unique characteristics, objectives, and rules of participation, attracting a diverse audience.

What is a 'Dutch Auction' and how does it work?

28 нояб · A Dutch auction, also known as a reverse auction, fundamentally changes the usual logic of bidding. Instead of participants raising their bids, the auctioneer starts with a deliberately high price and gradually lowers it in specific increments.

Commissions and Fees: Hidden Costs of Buying and Selling at Auctions

28 нояб · Participating in an auction can be thrilling, but the euphoria of winning a lot often gives way to surprise when you see the final bill. The price at which the auctioneer's hammer falls (the hammer price) is far from the final amount you will have to pay. There is a whole system of additional fees that significantly increase the final cost.

The World's Largest Auction Houses: Christie's, Sotheby's, Phillips, and Others

28 нояб · Christie's, founded by James Christie in London in 1766, is rightly considered one of the pillars of the global art market. Over its more than 250-year history, the house has earned a reputation as a guardian of tradition, specializing in the sale of the highest class of artworks. It is here that world record prices for paintings and sculptures are often set.

How to Sell Your Collection at Auction: From Choosing a House to Getting Paid

28 нояб · The first and one of the most important steps towards successfully selling a collection is choosing the right auction house. Not all auctions are the same: some specialize in Old Master paintings, others in contemporary art, and still others in numismatics or antique furniture. It is important to find a house whose specialization matches the profile of your collection.

Participating in Your First Auction: A Step-by-Step Guide for Beginners

28 нояб · The journey to your first auction purchase begins with formalities. To gain access to bidding, you need to complete the registration process on your chosen auction platform. This process typically requires providing accurate personal data and contact information, which will be used for communication and document processing if you win.

Winning Strategies: How to Bid to Win a Lot at the Best Price

28 нояб · Success at an auction is rarely accidental. Behind every profitable purchase lies cold calculation, an understanding of psychology, and a well-chosen bidding strategy. Knowing different tactics allows you not only to control the bidding process but also to exert psychological pressure on rivals, making them doubt and retreat.

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