The Quick Guide to Bidding in Artsy Auctions

Artsy Specialist
Jan 30, 2020 7:52PM

Here’s what you need to know about bidding in auctions on Artsy.

Get in touch about your questions as soon as possible

As soon as you become interested in a lot, simply email [email protected] to send a direct message to the Artsy team to request a condition report, get a shipping quote, or ask our dedicated specialists any other questions you may have.

Be aware of an auction’s fees

Auction bids are binding, so make sure you understand the overall cost of a lot before placing your bid. This can include a buyer’s premium, VAT, and ARR.

Place a maximum bid ahead of time

When you place a maximum bid, Artsy will bid on your behalf, up to (but not exceeding) this amount. As long as your maximum bid is competitive, Artsy will seek to maintain your position as the highest bidder as the sale progresses. This way, you can sit back and relax during the auction and the auction clerks will do the work for you to get the best price Your maximum bid is entirely confidential, and will never be shared with the auction house hosting the sale.

Bid live (or monitor the sale closely)

In live auctions, bidding live gives you the best chance to win the lot. Artsy will notify you via email when the sale is about to begin. If your lot comes up more than 10 minutes into the sale, Artsy will also notify you a few minutes before your lot is coming up if you’ve already bid on a work or saved it. For online-only auctions, bidding is the most active during the last 10 minutes of the sale so, if you are available, it’s a good idea to monitor the auction at this time.

Manage your post-sale experience directly with the auction house

After the sale closes, you’ll receive a winning notice from Artsy. Afterward, the auction house will reach out to you directly to manage all other elements of the post-sale process including invoicing, payment, and shipping or pickup.

If you haven’t received a follow up from the auction house within seven days of the close of the auction, please email [email protected].

For a deeper dive, read The Complete Guide to Bidding on Artsy.

Artsy Specialist