FAQ – Professional Art Auction
What is a professional art auction?
It is a timed event designed to sale artworks to art collectors, art enthusiasts, and typical art buyers by a trained and credentialed auctioneer.
Sales information from art auctions are used to evaluate the value of artworks.In some cases, artworks sell for higher prices during an auction than they do in galleries.This is because the auction attracts a larger diverse market.
Artists’ reputations largely effect the value of their art. Artists who are known in the auctions are more likely to have a known reputation in the art world.This increases the chances of their artworks maintaining and/or increasing in value.
It IS NOT the same as ebay or etsy. While some feel they have lucrative sales on these platforms, these platforms are not typically recognized in the professional arts,and therefore typically do not assist artists with increasing provenance information or sustainable value.
What does Tranquility Fine Arts represent at auction?
Paintings (all media), Sculptures, Pottery, Antiques, Fine Art Photography
Why partner with Tranquility Fine Arts to sell my artworks at auction?
Tranquility Fine Arts is an approved auctioneer for both online and live auctions. Dr S is credentialed as a Fine Arts Appraiser and member of the International Society of Appraisers. This allows us to assist artists in accomplishing the goal of not only selling artworks, but also to ensure fair market value is achieved during art sales. Dr S does all of the work needed in order for your items to present well at auction.
Who is Tranquility Fine Arts looking to partner with during an auction?
Anyone who owns the rights to sell the artworks or antiques that will be represented. Partners will have the option to set a minimum reserve price or allow free bidding. Partners will choose one of the following options:
Option A – A flat fee curator/auctioneer fee of $200 will be paid upon signing auction agreement.In the event the item(s) is sold,the owner obtains 100% of the proceeds from the sale. In the event the item(s) does not sell, the agreement is finalized as a non sale.The curator/auctioneer fee is not refundable.
Option B – A flat fee curator/auctioneer fee of $100 will be paid upon signing auction agreement. In the event the item(s) is sold, the owner obtains 80% of the proceeds from the sale. In the event the item(s) does not sell, the agreement is finalized as a non sale.The curator/auctioneer fee is not refundable.
When does Tranquility Fine Arts host an auction?
Currently, Tranquility Fine Arts Plans to host an auction at least once per quarter. Exact dates can be found on our website under the services tab. You can also follow us on social media or join our newsletter to receive notifications.
How often do artworks actually sell during auction?
Exact sales can not be predicted. Many factors influence the sale and just like all markets, the art market may fluctuate. Influencing factors include the reputation or popularity of the artists, the skill level exhibit in the artwork, the demand for the style and/or artist in the current market, and the reserve price (too high or too low) set on the item.
How do I submit a request to partner with Dr S and Tranquility Fine Arts during an auction?
Choose from one of the partner options and complete that form online. You may also come into the gallery to complete a request. We must have high quality photos of the items you would like for us to represent.