Updated: Apr 13
What could be more exciting for a young art collector than participating in an international art auction?
Imagine you have found your ideal informal painting in the exhibition and auction catalog. Usually the pricing at an online auction is very attractive, especially for young collectors who want to test the grounds and start a collection of contemporary informal abstract art. So what do you need to do in order to acquire your favorite informal abstract artwork?
In an online art auction, the bidder with the highest bid wins the original informal abstract artwork
The first step:
Study the auction catalogue to find all relevant information about the date and time of the auction as well as background facts about artists and their artworks, including dimensions and photos of the paintings.
To this end, check the Website of Chalkwell auction house: The renowned British company is hosting a live online auction with two contemporary informal paintings by German artist Anja Stemmer. "Artists on the rise" is the 25th edition of this popular international contemporary auction. It's held online on 18th of April, 6pm British Standard Time.
There's a dynamic, square, blue informal artwork called "Dynamis" by Anja Stemmer in lot 92 of this fully curated auction of contemporary investment art.
In lot 93 of this auction of contemporary art, the Chinwe Russel gallery has selected the vibrant abstract informal painting "Wonderbag" by the emerging German artist.
The second step: Consider your Budget
Emerging artists often sell their works for lower prices than established artists, and participating in an online auction of their works can be a great way to get in on the ground floor of their career. If the artist becomes more well-known in the future, the value of their works could increase, giving your collection an added boost.
But wait, there's more! Online auctions offer the added benefit of convenience, allowing you to bid from the comfort of your own home without having to travel to a physical auction. Plus, you can set a maximum bid for the artwork you're interested in, so you don't overspend and can stick to your budget.
Speaking of budgets, it's important to set one before participating in any auction. Decide how much you're willing to spend before the bidding starts, and don't go over that amount. It can be easy to get caught up in the excitement of the auction and end up spending more than you can afford, so it's crucial to have a plan in place.
The third step: Understand the bidding process and place your bid
Let’s just briefly recap the general auction rules. Whoever has the highest bid wins.The Auctioneer will determine the advance on each lot and no one can retract a bid.The auctioneer won't take bids after the hammer falls, either in the room or online, unless a reserve hasn't been met.If there's a dispute, the auctioneer can determine the winning bidder or re-offer any lots at a later date based on his discretion.
Option 1 Live on-line bidding
Using Chalkwell Auctions Ltd's app and live bidding platform, customers can bid on-line. A buyer can bid live via a computer, smart phone, or tablet from anywhere in the world via these platforms and listen directly to the simultaneous physical auction audio.
Online bidding requires registration in advance.Interested bidders can follow the live auction online when the auction begins, but they must register to bid. Chalkwell Auction’s on-line platform also offers the possibility of leaving an on-line absentee bid, in which case you should register the maximum amount you wish to pay for an item and the system will automatically bid on your behalf when your lots come up for sale.
Are you unable to attend the auction in person but still want to participate in the bidding? Well, fear not, because there are two convenient options available to you: commission bids and telephone bidding!
Option 2 Commission Bids
With a commission bid, you can set a maximum amount you're willing to pay for an item, and a member of Chalkwell’s staff will bid on your behalf during the auction up to that amount. Commission bids can be arranged in person or by phone or email, but please note that debit/credit cards are usually required to proceed.
Option 3 Telephone Bids
Alternatively, you can opt for telephone bidding. Simply book a telephone bid on the lots you're interested in, and a member of Chalkwell’s staff will call you a few lots before the item you wish to bid on comes up for auction. They'll place bids on your behalf until you either win the lot or decide not to continue bidding.
It's important to note, however, that Chalkwell Auctions cannot be held responsible if they are unable to contact you when your lot comes up for sale. So, it’s highly recommend that you also leave a commission bid to cover your bidding in case the auction house can't reach you.
Keep in mind that there is a practical limit to the number of telephone calls the auction house can make for any particular lot, so telephone bids are accepted on a first-come, first-served basis.
Whether you prefer commission bids or telephone bidding, there are multiple ways to participate in the auction and potentially walk away with some amazing treasures.
In case you are not sure how a piece of informal abstract art could look like in your home, have a look at the photo galleries of the informal abstract paintings in interior design settings
Bidding at an auction is a fun and exciting way to support up-and-coming artists and add some unique pieces to your collection. Check out Lot 92 and Lot 93 of the 25th international “artists on the rise” online auction of Chalkwell Auctions Ltd. and place your bids!