Are you an art collector, investor, or even interior designer? If yes, you can testify that when it comes to purchasing art, it is best to do so from an auction. Contrary to popular opinions, auctions are quite popular. If you’ve seen a lot of movies, minus the extra drama, it can be said that you have a good idea of what it looks like.

There are a lot of reasons that should make you consider going to an auction to purchase your next piece of decorative art. Even though most of the time it is seen as exciting but intimidating, it is a great way for you to buy what you want at a fair market price.

Being a successful and knowledgeable buyer is not just limited to being able to bid; it also entails doing proper research as well as understanding the auction house’s role in every transaction because in the end there are three sides involved in an auction and they are the seller, the buyer and the referee that mediates the whole process.

With the passing of time, we can see that a lot of changes have occurred in the ways auctions are being held. Various auction houses such as the Clars Auction Gallery and many others have digitalized their processes making it easy for you to get information, appraise, buy and sell products. To learn more about why you should consider taking this route to various items, keep reading.

Why You Should Buy Your Next Decorative Art at an Auction

Here are some of the biggest reasons that should influence why your next decorative art purchase should be at an auction:

You Get Access to Great Deals
It is believed that items gotten from auctions are more expensive compared to the price you’d get at a retail environment. This is quite untrue; facts have actually proven that you have a chance to get items at 50 to 80% less than you would at a store. This is because a store or gallery sets its own price but at auctions, the price is dependent on the bidder.

The specialists recommend a low to high estimate but at the end of the day, the bidders get to decide how much they are willing to pay for the item. It is also important to note that as a bidder, you have all the control and the final say on what a particular item is worth. You can check here https://www.investopedia.com/terms/a/auction.asp to learn more on how auctions work.

It is Environmentally Friendly
If you are lucky to go to a live in-person auction, you get to experience so many exciting things like getting bonus points for biking to the venue, drinking out of a reusable cup using a metal straw, and buying carbon offsets during quick breaks.

Buying decorative art from an auction is very good for the environment. This is because when you make your purchase, you are not buying it as a new product. It can be translated to giving the sculpture, painting or furniture a new home instead of harming the environment to create a new product from scratch.

It is a Fun Experience
The fact is auctions are quite enjoyable activities. Apart from giving you that chance to find what you are looking for or coming across a rare treasure, you are bound to have a good time. Since the emergence of the Covid pandemic, auction houses have been unable to open live for bidding but this will eventually change once the virus is under control.

By leveraging technology, auction houses give you the chance to enjoy art, find new pieces and explore how the process itself works all from the comfort of your device. And if you’re lucky you get to be a virtual audience to a bidding war. You can watch this video to see how online auctions work.

You Can Support Local Businesses
According to a news report from Yelp, the Covid pandemic was a huge hit on businesses and over 60% of the businesses that closed during the pandemic couldn’t reopen. Even some of the businesses that were able to reopen are struggling financially. As an individual, sometimes you want to support local businesses, and auction houses can be considered because they are local business.

Although there are nationally owned auction houses and galleries, the majority of them are owned and operated locally. This means that when you make purchases at a decorative art auction, you are supporting a local business and its employees.

Auctions Serves as More than Just Supporting the Local Economy
Apart from being able to help local businesses, by frequently making purchases at auctions, you are helping a chain of commerce, starting from a consignor to the buyer. According to history, auctions are considered a part of the first forms of commerce. It is also considered as one of the early drivers of transportation for businesses.

Till date, they still offer their services to buyers who need items to be transported both locally and around the world. Auctions are also great places to meet new and important people. This is not only limited to the live events but also the ones happening virtually. You have the opportunity to meet likeminded people to bond and compete with. This can serve as a source of entertainment as well.

Conclusion
At this point, there should not be a single doubt in your mind about whether it is best to purchase decorative art from an auction or not. There are so many reasons for you to consider. Where else can you get an item at a price below the retail value and at the same time have fun and experience new things.

Auctions are way more than buying stuff; they have more depth to them. Considering how long they have been in existence and their history, you can say that they have become a culture. And in order to keep this exciting culture going, you have to keep being a part of it.