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MutualArt.com is an art information website that provides auction prices, personalized updates and data on a number of artists. [1] MutualArt.com also includes an online art appraisals service. [2] Premium Members have access to the site's Art Market Analysis. [3]
Sotheby's bought-in rate was 27%, Christie's was 45% and Phillips de Pury's was 46%. However, the total values of global and United States Fine Art auction sales were US$8.3 billion and US$2.9 billion, respectively. [40] In 2009, art collector Steven A. Cohen built a 6 percent stake in the auction house for his hedge fund SAC Capital Advisors. [41]
Los Angeles Modern Auctions (LAMA) is the first auction house to specialize in 20th century Modern art and design. Founded by Peter Loughrey in 1992, LAMA especially champions Modern and Contemporary works by California and West Coast artists and designers.
Normally, an auction catalog, that lists the art works to be sold, is written and made available well before the auction date. Some of the best known auction houses are Christie's and Sotheby's. The oldest auction house is Stockholm Auction House (Stockholms Auktionsverk). It was established in Sweden in 1674.
An art auction at Christie's. The art market is the marketplace of buyers and sellers trading in commodities, services, and works of art.. The art market operates in an economic model that considers more than supply and demand; it is a market where art is bought and sold for values based not only on a work's perceived cultural value, but on both its past monetary value as well as its predicted ...
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