Since 2003

Posts Tagged ‘Collectible’

How to Sell your Art at Auction Online

Friday, July 19th, 2013

The key selling point for fine art auction is the information you will show to the buyer and description that you will provide him. The better you expose the art, the better it will draw targeted bidders to the auction. If a seller is weak in selling, then definitely you will end up on losing the precious customers. The pointers that can help you to sell and capitalize on your profits at any fine art auction or at online art auction are listed below:

1) Title your art with a very exclusive and eye catching line

This is as important as producing a quality art piece itself. It is the most significant line to magnetize the bidders during any auction. The keywords used in the title line should express the entire theme of your work, so try to use as many keywords maintaining an even density throughout. It should not sound odd or repetitive, keep on with different arrangement to fill in the entire space. Be conscious not to limit the buyers by using language that majority won’t be able to understand. As a result, maintain a blend of good vocabulary that a beginner can also grasp. The title line should be grammatically correct with no spelling mistakes, as during online art auction a spelling error can kick you out from researchers list. Use of abbreviations is also not appropriate.

2) Describe what you have displayed appropriately

Give your thoughts words that most suitably describe your work. Be honest, straightforward and avoid pretending and narrating fake. It is not necessary to mention everything that is important; keep a balance between words and do not give any personal opinions or reviews regarding your own work. Give a free hand to bidders if you want them to post comments as restricting them would most probably decrease the bidder count. You should welcome others and be easily approachable. Your personal profile would be imperative for the readers so it should contain all necessary information related to your past experiences and qualifications. Don’t forget to mention your progress regarding how long you have been involved in fine art auctions.

3) Always proffer enough time to close your auctions

The most appropriate time to end the online art auction is after working hours of the respective day and preferably on weekends and holidays. Most of the bidders take it as hobby and bid manually using online art auction sites when they are free. Take the longest possible auction time available as you want to give people the maximum time to go through and decide about your art. Remember the longer your bidders list, it will greet more people to come in, as masses will always catch the attention of others to have a look that why this work is high in demand.

Antique and Collectible Values – Are They Reliable?

Friday, July 19th, 2013

Many people have antiques and collectibles that they have either purchased over the years or have inherited from friends or family members. At some point in time, almost everyone is interested in learning the current values of such items.

Different people go to different places to get estimates of what their particular treasures are worth. Does each antique or collectible have a set value? Will you be given the same price regardless of where you take it? The answer to both questions is no.

If someone is providing you with his or her professional opinion as to what an item is worth, you have to ask yourself who is this person? What is this person’s association with the antiques business?

If you take an antique to an antique mall for evaluation you will have a completely different result than if you took that same item to an auction house or an antique show. Each person at each of these three locations has a completely different outlook as to value. Most people will speak to what they know. An auctioneer will provide you with a price that he or she thinks the item will bring at auction. The same can be said for the mall and show dealers. Each has a different perspective.

The hopes of getting a realistic quote as to the value of your item gets further complicated when you incorporate all the other important factors.

Other factors include:

1. The condition of the item.
2. Where in the country is your item going to be sold?
3. Is your item presently on the “What’s Hot” list?

The most important of these factors is condition. Condition has the biggest affect on the value of any antique or collectible because there are so many variables involved – chips, cracks, scratches, missing pieces, fading, etc. Also, there are different degrees of damage assigned to each of these that also effect price, such as a small chip that can’t be seen as opposed to a large chip that is located in a really conspicuous place.

Where an item is going to be sold is extremely pertinent. There may be a call for Early American furniture in New England but you will not find
anyone in Florida who is the least bit interested. It is all about location, location, location.Last, but not least, is whether or not your item is popular at the present time. Different antiques and collectibles fall in and out of favor all the time. You only want to cash it in during the height of its popularity. In this respect it is similar to the stock market. Buy low and sell high.

You can attempt to determine the current worth of your item yourself by using reference books or price guides. Keep in mind that the prices in most of these books represent the highest amount realized for any given item at live auction, not how much it sold for on eBay or at an antique store. Sometimes auction prices are higher than retail but sometimes they are not. Just remember that these books are giving you information as it relates to auctions only.

If you do use reference books or price guides to evaluate one or more of your items, check the publication dates of the books that you are using. Most books get reprinted or updated with new values every few years. If you are using a book that was published five years ago then that book is giving you prices that are five years old. The item or items you are researching could be worth more or less today than what the books are telling you. This is very important to remember.

Notice that no mention has been made here concerning written appraisals. A written appraisal is something completely different from a verbal appraisal or an estimate or even an opinion from an antiques and collectibles expert. A written appraisal is an official document that is recognized by the courts. It is mainly used for insurance purposes and it provides a replacement cost of an item that is damaged, lost or stolen. Written appraisals are expensive and should only be obtained for legal reasons.