How much does the auction house really cost?
- by admin
The world’s largest auction house is now in the business of selling off the world’s valuable artifacts, including priceless paintings and rare treasures.
And while some of the biggest and most famous names in the art world have made the most, the auctions that are in the news often go to people who didn’t even know they were selling their art.
“There are a lot of people out there who are still buying art in a way that they didn’t before,” said Sarah G. Murphy, president and CEO of auction house, HarperCollins Publishers.
“That is the big change that we see going forward.”
The biggest art buyers in Canada are often those in the private sector.
They’re mostly buying from the likes of the private collectors, but the private owners are paying far more than the public, which makes up the vast majority of art buyers.
For example, in the past 10 years, a staggering $1.5-billion was paid out to private collectors.
In comparison, the average public auction house paid out $7.5 million for a work of art, according to the National Gallery of Canada.
The private auction houses don’t sell the works of art they buy for $30,000 or more, which is the average price for works of contemporary art in the country.
Instead, they’re selling a piece for $1,000.
The average price paid by a private collector is about $600,000, according a survey by the National Museums of Canada in January.
Auction house prices are often quoted in U.S. dollars, which can be confusing for Canadians who don’t speak English.
“The U.K. is the most common English language market, so it is the standard,” said Murphy.
But in Canada, the market is dominated by U.D.N.C.M., a private auction house that has a long history of bidding on world-class art.
The company has a history of being very successful.
In 2005, the company won the prestigious Art Market in New York City for its collection of works by the Russian artist Sergei Rimsky-Korsakov.
The Canadian auction house has also been successful in auctioning works by British painters Sir Christopher Wren, George Bell, Jean-Paul Sartre, Vincent van Gogh and Albert Camus.
The majority of the works purchased by HarperCollins are from those painters, although the company has also sold works by a variety of artists.
As part of the HarperCollins deal, Harper Collins is also selling pieces from private collectors like the late William Morris, whose collection of paintings includes the painting of his wife, Anne-Marie Morris.
Morris was a wealthy collector and collector of art.
He bought works by Van Gogh, the French artist Paul Gauguin and Van Goichan art from the British and German painters who were contemporaries of Van Goh and Wren.
Morris had a large collection of art from a variety and mediums including ceramics, glass, bronze, pottery, glass and ceramist.
He was also a prolific dealer of rare and valuable works of the 19th and 20th centuries.
“We’ve always had a strong history with the Van Gochans and the Wrens,” said G. David Dyer, president of HarperCollins Canada.
“We think the VanGochans are the best artists of the 20th century.”
But that doesn’t mean HarperCollins is going to get rid of the Vangoghs and Wens.
“If you want to buy a piece of art by VanGogh or Wren that’s not a bad thing,” said Dyer.
“I’m a big fan of their work.
I love the way they work.
But they’ve gone through so many different generations of painters.
We can’t do it.”
Some of the best-known auction houses in Canada also have a history with some of their most famous clients.
One of those is the Toronto-based HarperCollins auction house.
It’s famous for its auction houses that sell works by artists like Andy Warhol, Gertrude Stein, John Cage, Jean Paul Sartres, Jean Renoir, Jean Sibelius and Jean Cocteau.
But it’s also known for its high-end artworks by the likes the British painter Charles Baudelaire, the British painter Vincent van Gelder, the Dutch artist Willem de Kooning and the Dutch painters Joris-Jan van der Hoek, Joost van der Heide, Willem van Vleck and Willem Van der Kooij.
“The HarperCollins group has been very good at making sure that the work is as close to art as possible,” said David Diller, vice president of the Canadian arm of Harper Collins.
“It’s not as if it’s an auction house where you get to pick a piece and say
The world’s largest auction house is now in the business of selling off the world’s valuable artifacts, including priceless paintings…
- Chevy says it will scrap ‘Polaris’ minivan as it ramps up production of the Chevy Bolt 2 sedan
- What the car auction site is really for: Dealers or car buyers?
- Auctions go live at the Garrard auction house
- Rebel Auction, Rapper’s ‘Sugar High’ Auction, Auctioned Off With Auction of ‘Mozart in the Jungle’ title Rebel auction, Rappers ‘Sugaree’ Auction Sell for $3.5 Million at Rikers Island
- How to buy an auction house in Australia