Results for tag: "Art Auction"

The Art Auction market is a business sector that involves the buying and selling of artworks through auctions. It is a competitive market, with auction houses competing to acquire the best pieces of art and buyers competing to purchase them. The auction houses typically employ art experts to assess the quality and value of the artworks, and to set the starting price for the auction. The auction house also sets the terms and conditions of the auction, such as the payment methods and the buyer's premium. The Art Auction market is a global industry, with auction houses located in many countries. It is a lucrative business, with auction houses often achieving high prices for the artworks they sell. Some of the major companies in the Art Auction market include Sotheby's, Christie's, Phillips, Bonhams, and Heritage Auctions. Show Less Read more