ArtLife collaborates and consults with the most respected artwork consigners and appraisers worldwide. Our artwork is authentic and we are always looking for new pieces to purchase and sell. We invite you to collaborate with us if you are interested in consigning or selling your treasured piece of authentic art that suits our roster of artworks.
Selling artwork can appear a daunting task at first. We strive to help our valued clientele sell their art in the most professional and accommodating way. We seek out the highest expertise in the art world to collect rare and renowned pieces of art, and we would love to assist you in consolidating your collection.
Knowing the value of artwork is important, which is why it is imperative to have an understanding of the fair market value of a piece. The price of an art piece often fluctuates due to supply and demand. Artwork is continuously bought and sold which determines the market supply and value. For example, the fair market value of a Warhol piece changes weekly. Many times sellers will contact art galleries to inquire the price of the piece of art they are looking to sell, figuring they will be able to sell their own artwork at the same price point. However, oftentimes gallery prices do not reflect the fair market value of an artwork. This is due to the extensive contact and clientele lists galleries accumulate over time, which dictates the price they are able to sell a piece of art for.
Blue chip artworks reference art pieces of significant value with expectations to hold or increase value over time. Blue chip value of artwork is confirmed by auction results. Renowned auction houses reach thousands of clients and thus the price a piece of blue chip art goes for at auction will determine its fair market value.
Though it may appeal to some to sell their artwork through an auction, this decision does not always guarantee consignors the most desired results. Auction houses determine the items selling price during the sale (known as a “hammer price”), plus a 25% “buyer’s premium.” This means that if a piece of art sells at auction for $100,000, the consignor receives $75,000. Auction houses will also charge consigners a 10% commission fee on top of the buyer’s premium, as well as an additional percentage to cover insurance and marketing. Overall, consignors selling through an auction house should expect to take home roughly 60% of what the work sold for.
Another drawback to selling art through auction is the length of time it will take a consignor to receive their money. Consignors must factor in the amount of time it can take for the sale of their art to take place, which is often months. If a seller is looking for an immediate sale of their artwork, choosing to use an auction house to sell is not often the most ideal choice.
ArtLife Gallery is always looking to buy and consign meaningful works of art.
If you are looking to sell art in through our easy, seamless process, please contact us. For consideration, complete the form below. For general questions, please email [email protected].