#art auctions

2 articles tagged with "art auctions"

How Auction Houses Value Art: Provenance, Condition, and Comparables
Art Business
12 min read

How Auction Houses Value Art: Provenance, Condition, and Comparables

"Auction houses do not value art in the abstract. They value what they believe they can defend in a live market." In November 2025, Sotheby's New York totaled $1.17 billion. A Klimt portrait sold for $236.4 million, the second-highest auction price ever. Here is how auction houses value art.

Understanding Art Auctions: Christie's, Sotheby's, and How Bidding Works
Art History
9 min read

Understanding Art Auctions: Christie's, Sotheby's, and How Bidding Works

Art auctions can feel like a closed world, but understanding how they work opens up real opportunities for buyers at every level. From Christie's to online bidding, this guide explains the process, the fees, and the strategy you need to bid with confidence.

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