Buying art is exciting; there is the thrill of the moment, but also the fear of buying pieces that may not sustain their value over time.
Art Auction Guarantee is addressing this issue and we consider, based on statistical analysis, that art is an item which continues to appreciate.
Accordingly, we are very comfortable offering to our clients a contract that will guarantee the price they paid when they acquired the piece either in auction or through a private sale (Galleries, Private Sale Department of auction houses, dealers, etc).
Put simply, a client of ours that has acquired a piece of art for more than $10,000 in the last 12 months will be guaranteed the price paid if he or she presents the piece in auction anytime after a grace period.
So art buyers will benefit from the service in 2 ways:
- 1. In the case the piece guaranteed would not reached the price the client originally paid for, we will compensate the difference.
- 2. In the case the piece guaranteed would not sell, we will acquire it for the price the client had paid for it.
For art buyers, we guarantee the value paid in auction or privately