Source: Charleston’s Fine Art Auctions

Online art auctions provide a highly accessible and convenient platform for collectors, enthusiasts and art dealers to secure and sell artwork. If you are a beginner, you may be hesitant to engage with the online art space. Below, discover our comprehensive guide for navigating and understanding online auctions in the art market. Discover the basics, learn how to prepare and get familiar with the processes to set yourself up for a positive and successful art auction experience from the get-go!

Understanding Online Art Auctions

Online art auctions take the traditional auction process and translate it into the digital realm. The basic principles remain the same, where a piece is listed for auction and individuals place their bids in a competitive, rising sequence until the end of the auction window. Once the window closes, the highest bid will be the winner. Shipping is then organised by the auction house for a simple and smooth process. Online art auctions make the entire process more streamlined and convenient, with the possibility to engage with auctions, research and bids from anywhere in the world, at any time you choose. Place and track bids from your phone, computer or tablet and stay up to date via notifications in your inbox for an easy process that still maintains the engaging excitement of the traditional auction experience.

Registering for an Art Auction

Once you choose a digital art auction company that you would like to use, it is time to register. This will require you to submit essential details such as your name, phone number, email address and payment details. Once submitted, you will be asked to verify your details via your inbox. When you have verified your identity and the platform approves you as a verified bidder, you can begin.

Preparing to Place a Bid

To effectively engage with an art auction held online, it is essential that you take the time to perform thorough research on artists, market trends and artwork in Australia. You can find plenty of useful resources online including artist profiles, catalogues and newsletters that provide detailed information about the market at large. This will assist you in establishing estimates and budgets before you participate in an online art auction, as well as helping you shape your strategy for the future.

Use this information to head into your first online art auction in the best position possible and get ready to bid on the next piece that catches your eye! Discover digital auctions online in Australia and build your portfolio today.