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Saturday 14 June 2014

How To Hold Fundraising Art Auctions

By Ina Hunt


People often sell artworks of local artists in order to be able to help an organization with a certain cause and to also help promote the works of these certain local artists. What these people would usually do is to hold fundraising art auctions so that they could sell off these artworks to get some money for the organization. If one is interested in doing this kind of thing, then this guide will be able to help him out.

Of course if one would want to have an art auction, then the very first thing that he has to do is to gather artworks. Now when holding this kind of thing, he has to gather as many kinds of artworks as possible like paintings or sculptures. He may even include other types of modern art like photographs or other handcrafted works.

Now one of the hardest parts of the process would be the acquisition of the artworks because one has to know local artists in order to do so. What most people would do is if they have friends in art galleries, they would just ask them. However, if one does not have these kinds of connections, then they would just most likely team up with an art school.

After doing those two things, then the very next thing that one should do would be to hire an auctioneer that will help him with the event. Now he may actually try to do the thing by himself but he will actually have a hard time. SO it is actually better if he had a professional to help him with all the technicalities and details.

Not only will these professional auctioneers know how to be able organize this kind of event, but they can also help with the evaluation of the artworks. A good art auctioneer knows his stuff and knows how he is going to sell the artworks. He also knows what their real value is and how to be able to market them.

Now after all the things have been prepared, then one has to make sure to promote the event properly. Some of the things that he may do would be to create fliers and announcements on his Facebook or Twitter page. Now he should also make sure to mention that the money made from this event will be going to a good cause.

Now before the auction would start, one has to first come up with the amount for the minimum bid. The minimum bid, or also called the opening bid, is the starting price of a certain artwork. From this starting price, the participants will start bidding and bidding until the highest bidder will get the product.

One also has to decide how the participants are going to pay. More often than not, most small auctions would only accept cash so that things are not going to be hard for them. However, if the auction is rather big, then they may also accept other forms of payment like check or even payment through online banking.




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