To ensure you are prepared for the winning bid at an art auction read our summary of the steps you should take and factors to consider.
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Tag: art auction
New York Museum to sell rare Jackson Pollock painting at Christie’s
New York’s Everson Museum is selling its only Jackson Pollock (1912-1956) painting to fund efforts to diversify the collection. Painted in 1946, ‘Red Composition’ is expected to fetch between $12 million and $18 million (£9 million – £13.5 million) at Christie’s upcoming 20th Century Art auction in New York.
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Rare paintings by Lucian Freud head to auction
With London’s auction season fast upon us, art enthusiasts are gearing up for the opportunity to view three works by Lucian Freud, one of which is tipped to fetch £10 million.
‘Pregnant Girl’ (1960-61), Freud’s portrait of his teenage lover Bernadine Coverley while she was pregnant with their daughter Bella goes on sale at Sotheby’s on 10 February 2016. Privately owned, it will be the first time the painting is sold at auction and carries an estimated price of £7-10 million. Continue reading
Buying art at auction – an art lawyer’s guide
With the summer auctions nearly upon us, we have put together an art lawyer’s guide to buying art at auction
Our first and fundamental tip is research! In an auction, a binding contract is made when the gavel falls, so you need to have done all of your research before then. What this entails will depend on the value of the item. Continue reading
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