Tuesday, June 17, 2014

How To Hold Fundraising Art Auctions

By Ina Hunt


There are a lot of people who are willing to pay a hefty sum in order to acquire a really nice painting for their office or their homes. Knowing about this, there are actually a lot of organizations who would take advantage of this information in order to hold fundraising art auctions wherein they could use the profits to help out certain causes. Now if one would want to hold this kind of thing, here are some of the things that he should take note of.

Now the most important aspect of the auction is the gathering of artworks because this is what the participants are there for. Now one may actually gather as many types of artworks as he can like paintings or sculptures. However, he is not limited to just these two forms as there are other forms as well.

Now the hard part about holding an auction like this is actually getting artists to provide the artworks for the event. If one has connections with an art gallery or museum then this is definitely no problem. However, if one does not, then one thing he may do is try to team up with an art school and give them a proposal that is approved by the supporting organization.

Once one has already made the necessary connections in order to get the artworks, then the next thing to do would be to get a good auctioneer. Now one may actually opt to organize the entire event by himself. However, if he does not have much experience in auctioning, then it is actually better if he would hire a professional to help out.

Now the great thing about hiring professional auctioneers with the job is that they know how to be able to go about because they are in that field. Now not only will they be able to help with the organization of the flow of the event but they can even help with the determining of the value of each artwork. Basically, they will be able to handle all the technicalities.

Now after all of these things have been done, then the next step is to of course try to promote the event. Now in order to promote the event, one can actually pass around fliers and blast messages in his Facebook page. Of course he has to make sure to mention the name of the organization that is supporting this event so that people will be more encouraged to go.

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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