How to get the most out of an art auction – Evening Standard

In order to maximise your success at an art auction you should not only prepare in advance and understand your favourite works, but you should also have a budget in mind with which to bid. Furthermore, you should make sure you get the best deal and trust your instinct. It is important to remain calm and cool.

Key Takeaways:

  • Art auctions can be intimidating to newcomers, but advance preparation will help greatly.
  • Having a budget beforehand and understanding buyer’s premiums and restoration costs can be crucial.
  • There are many different bidding styles, but keeping your cool is important. Even if you go home empty-handed, the auction can be great entertainment in itself.

“Spotting the best deals is often an acquired knowledge, gained from many hours in the auction room”

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