Fine Art Auction Photography Shack Guide
Fine Art Auction Bidding To Add To Your Collection
By Jane Lovell
Writer John Rushkin once said, "Fine art is that
in which the hand, the head, and the heart of man go
together."
There are few things more breathtaking than a well-composed
painting - one where all the right colors, brush strokes
and open space just dazzle the eyes and capture the
imagination. A fine art auction is a great way to buy
and sell fine art.
Despite the credit crisis, most purchasers who attend
a fine art auction, aren’t affected by the middle class
squeeze or imploding housing market, as 6,000 to 7,000
eager bidders appeared at many of the fine art auctions
this year.
Art Sells With A Bidding War
British abstractionist John Cecil Stephenson and American
graffiti artist Shepard Fairey are expected to sell
very well at prices from 7,500 British pounds to 150,000
pounds.
A recent Christie’s art auction in New York City reeled
in close to $395 million in net gains, despite having
not sold a few of the reserves. Big sellers included
Matisse’s "L’Odalisque, harmonie bleu" (1937)
which went for a record $33.6 million dollars, following
a bidding war.
Original Art Is Alive And Well
Also, Pablo Picasso’s "Femme accroupie au costume
turc (Jacqueline)," painted in 1955, sold for $30.8
million dollars and his "Homme a la pipe"
reached $16.8 million.
"The enduring importance of works of art as a
stable and consistent store of cultural and economic
values was demonstrated in tonight’s dazzling sale,"
said Marc Porter, the head of Christie’s America. Hence
proving that to buy original art, as an art investment,
is alive and well.
Heffels’ Auction Of Art
Similarly, the Canadian art auction set for November
23, 2007 was expected to draw a large crowd and record
breaking sales. There were encouraging signs at Heffel’s
fine art auction last May: a Lawren Harris painting
("Pine Tree and Red House") sold for $2.85
million, an Emily Carr fetched for $1 million, and the
total sales reached $22.8 Million, which nearly doubled
the previous Canadian record!
At the next auction, Heffel will be selling 19 other
works by Lawren Harris and 8 rare pieces done in 1912
by Emily Carr, in addition to seven Tom Thomsons, three
E.J. Hugheses, five Maurice Cullens, four Jean-Paul
Riopelles, seven Frederick Varleys and eight A.J. Cassons.
Undervalued Canadian Art
Just this November, a woman discovered that a painting
she had salvaged from her grandmother’s estate sale
decades earlier, was actually a rare Tom Thomson estimated
at $250,000 to $350,000! This artwork will also be featured
at the auction. The Heffel auction hopes to fetch $13
million to $18 million for its 236 lots.
While Canadian art is still undervalued, many people
review their options and are buying in with the idea
that these pieces will be worth a lot more in the near
future, which is, of course, a reasonable assumption.
American fine art and contemporary art for sale is
skyrocketing, as more and more art bidders realize the
value of living artists. While purchasing art into the
millions may seem out of reach for many buyers, one
shouldn’t feel daunted by attending a fine art auction.
Some pieces are in the low hundreds too!
About the Author:
Jane Lovell has written a number of articles on art, digital photography including
Best Digital Cameras,
Mini Digital Camera,
Photographer School,
Portrait Photography,
Still Photography,
Boudoir Photography,
Amateur Photography,
Photography Backdrop,
Photography Tips,
Digital Photography Tips,
Photography Studio.
Keep a lookout for more articles coming soon.
More Art Auctions Facts....
Are all art auctions the same?
There are some very huge differences
in art auctions. There are world renowned art auctions
such as Sothebys or Christies and art auctions held
at estate sales. You can also find art work on Ebay.
Where you bid plays a huge factor
in what you are going to receive. There are auctions
where you must be invited to attend. There are absentee
auctions where you review the listing and place a maximum
bid.
The world of art auctions is
extensive and unless you are very familiar with the
art world, it can seem a bit confusing.
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