15
2023 Auctions realizes $15 million with 98% of all lots sold.
15
2023 Auctions realizes $15 million with 98% of all lots sold.
17
Still only 17% buyer's premium.
30
2023 Auctions set 30 new auction records.
280
Currently holding 280 art auction records; more than any other Western Art Auction.
An appraisal is a set value, of an item, that may be used as a formal document and can be used for insurance, taxes and estate valuations – usually to asses the cost to replace the item.
Estimates are a rough guesstimate of what collectors may pay. They are not formal documents and cannot be used for any official purpose and are meant to be attractive to entice bidding.
When determining estimates for consignments, we look at market demand according to artist, date of execution, materials, dimensions, rarity, subject matter or type and condition. Estimating art is not an exact science, we try to give conservative estimates that give a 90% success rate of being sold.
Your commission rate will be determined based upon the estimates and the overall size of the consignment. Our commission rate is all-inclusive – no hidden fees.
The Buyer’s Premium, an industry standard, refers to an additional charge on the hammer price (winning bid). It is paid by the winning bidder and only goes to the auction house to cover additional expenses that are associated with the auction. We have one of the lowest Buyer’s Premium in the industry at 17%, thus attracting numerous perspective collectors to our auction.
We will release the funds to consignors after 30 days, provided that we have verified payment from the purchaser.
It may be confusing why we would pass, and not accept your consignment, even if the artist is listed on our web site. There are many variables that go into our decisions. We have a limited amount of space – the items may not be a good fit with the other lots we’ve already accepted or perhaps not a good fit for our auction in general or consider that the balance is off – meaning we may have too many pieces of a specific type or artist and are looking to balance the auction with other items.