The end of a famous artist’s life might be thought of as a time of tributes and celebration, but not for Robert Indiana, who was beloved for his 1965 image of the stacked letters L-O-V-E. He died at his island home in Vinalhaven, Maine on May 19, just a few months short of his 90th birthday, embroiled in a legal battle over his iconic works of art.
We’ve heard it many times, especially at National Auctioneers Associationevents. Auctions are fast, fun and transparent. Today, we explore what those words mean when referring to an auction and/or auction marketing.
What we’re seeing is that auctioneers and others involved in the auction industry are largely defining these three words as follows:
We are known for advocating disclosure in the auction business and even disclosing buyer (customers) names to sellers (clients) if requested. You can read more about that thinking here:https://mikebrandlyauctioneer.wordpress.com/2016/02/17/seller-and-buyer-identity-at-auction/
As a prelude to Sotheby’s Old Master Evening Sale in London on July 4, a selection of Dutch and Flemish masterpieces will be exhibited at Sotheby’s Gallery in Hong Kong from May 25-28.
“Together [the works] tell the story of one of most important moments in the history of Western Art: The Golden Age of Dutch and Flemish Art,” states a press release by the auction house.
Dutch or Flemish: the difference
People attend benefit auctions for a variety of reasons — but one of those reasons is typically that their contribution is tax deductible. We wrote about the various tax issues at a benefit auction here: https://mikebrandlyauctioneer.wordpress.com/2016/09/05/tax-issues-at-a-b...
Pablo Picasso’s Buste de femme de profil. Femme écrivant is the highlight of Sotheby’s Impressionist & Modern Art Evening Sale in London on June 19.
In a press release, Sotheby’s impressionist and modern art department global co-head & Sotheby’s Europe chairman Helena Newman says, “This tender and romantic vision of Marie-Thérèse is a remarkably intimate portrait of the woman who has come to embody the heart and soul of the most celebrated year of Picasso’s oeuvre."
Malaysia has always claimed pride to having a multi-ethnic society. Petronas gallery celebrates this with an exhibition that is an eclectic mix of visual art, complemented with traditional instruments and indigenous craft. Visual Dialects: Cultural Ties That Bind brings together 43 artists, each of whom presents a piece of his/her personal life. There are six segments, five of which are categorised according to Malaysian states. The last segment is dedicated to black and white photography.
A buyer’s premium is a surcharge paid on top of the hammer price at an auction. For example, with a 10% buyer’s premium, a $1,000 hammer price (Sold! for $1,000) would require the buyer to pay $1,100 ($1,000 + 10%) to the auctioneer/seller.
Some auctions/auctioneers charge a buyer’s premium, and some do not. There is no right or wrong about charging a buyer’s premium — but the constant contention that few people (and only insignificant people) are deterred from an auctioneer/auction that charges one misses the much bigger picture.