Wednesday, January 28, 2009

JANUARY ART AUCTION RESULTS

Standing-room only in our gallery, phone and internet bidders from the UK, Scotland, Spain, the Netherlands and all over the United States, combined with the most per-item page views on our web catalogue since we began tracking, indicated the global marketplace that is present for fine art at auction.

This auction was a testament to sellers who believed in the auction method, had assembled a desirable collection of domestic and European art (including many paintings by historic, Indiana artists), and trusted our company to effectively market this collection to a worldwide audience.

Active bidding by numerous bidders on nearly every piece resulted in most of the paintings selling within estimate, and while no auction records were set, the market responded positively, even considering the state of the national economy.

Sale results from the January sale can be found here- Wickliff January Sale Results

We are equally as excited to present the furniture, porcelain, antique Oriental rugs, wicker, patio furniture, lighting and decorative accessories from the Verble Collection at our February 21 auction. Bidders may preview that catalogue here.

Additionally, we are pleased with the exposure gained by our partnership with Artfact/Invaluable. The site has long been an excellent resource for determining values on fine art and antiques, and the company, which formerly was service provider for ebay Live Auctions, now has it's own proprietary live bidding platform. We have committed to Artfact to broadcast all our auctions for 2009 using this service, and hope that our bidders will find value in the convenience of online bidding. Their service fee is only 3%, making the total Buyer's Premium only 15%, a tremendous value when compared to other auctioneers' 20%-25% online buyer premiums. Check out http://www.artfact.com for more details. Currently, they are offering an Artfact Basic membership, an excellent price/value resource, free for new users.

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