In class and through our blog, we have covered online auctions and the items you can buy on them. We mentioned houses, collectibles, movie costumes and props, and some other things, for this blog post, however I want to focus on the art market. Companies like Artnet are making this possible. Online art auctions are becoming a thing as more people are collecting works of art and as more people make purchases online. Art auctions are a plus because they allow people to enter a generally prestigious group with barriers to entry. The article "A Resurgence in Art Buying Over the Web" mentions Ronald Sledge, an unlikely art collector who is gaining an impressive collection through online auctions.
Posted below is the link to Artnet's website if you want to check it out.
https://www.artnet.com/price-database/?1&gclid=CKr74fDiq7oCFRGi4AodmSEAYg
Posted by: Diana Ritchie
Sources:
http://www.nytimes.com/2011/06/22/arts/design/artnet-has-online-art-sales-success.html?pagewanted=all&_r=0
I'm not a big art person but I know a lot of people who are. I will definitely mention the online art auctions to them so they can widen their collections at a reasonable price. How did you find out about art auctions? Its an interesting concept but I guess they have just about everything online these days.
ReplyDeleteThanks, I thought it was an interesting concept too. I stumbled across it while doing research for the business perspective of presentation. I had never heard of art auctions before this project either.
ReplyDeleteI like the concept of art auctions. They make it possible to reach a crowd that may be separated by states maybe even continents. The publicizing of the art allows recognition of the artist to the masses. This could one day pay off for those aspiring for fame later in life for their creativity. Also artwork can be protected from being passed off as an original piece of work even when taken from someone else. I wouldn't mind participating whenever I purchase my first home.
ReplyDeleteI'm glad for the online art auctions because art collectors can have more opportunities to buy artworks. They can reduce their search costs and get access to more artworks.
ReplyDeleteGood incites and thank you for responding to my post Christopher and LiLisee.
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