Sunday, June 22, 2014

Holding Successful 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.

Now these professionals will be of help in this kind of event because they would know exactly how to go about. They know how to organize these kinds of things as well as plan the flow. They would also most likely know how to evaluate artworks based on their true market value.

So once all of those preparations have been made, then the next thing to do would be to promote the event. One should hang up fliers, spread the news on social media websites, and of course talk about it. Of course he should not forget to mention that this event is for a good cause because people will be more willing to attend if he does.

Now before one would even start the auction, he has to first place a minimum bid on all the items. He will actually need the help of his auctioneer for this because it is the auctioneer who will appraise the artwork. For those who do not know what a minimum bid is, it is the starting bid of the item.

Now one also has to decide what mode of payment he will be offering to the participants. Small auctions would actually only just accept cash because they most probably do not have the technology or manpower to handle other forms. However, big ones would usually accept check or bank transfers.




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