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trending_up market schedule Apr 16, 2026 visibility 37 link 2 artists

Hessink’s to hold inaugural Georgian art auction in Tbilisi

Hessink’s Tbilisi Auction House has announced its inaugural international auction, "Contemporary Georgian Art," scheduled for April 27, 2026, at the Museum of Modern Art in Tbilisi. The sale will feature 90 works ranging from the late Soviet era to contemporary pieces, highlighting prominent figures such as Alexander Bandzeladze and Vera Pagava alongside emerging talents. To ensure global reach, the auction will be broadcast via digital platforms including Drouot and Invaluable, preceded by a week-long public preview.

newspaper Georgia Today open_in_new Read original

trending_up market schedule Sep 4, 2025 visibility 17 link 9 artists

This Is What Happens When an Art Auction Bidder Changes Their Mind

Auction houses are grappling with a rise in bidders attempting to back out of winning bids, often citing flimsy excuses like cats jumping on keyboards. Richard Wright, CEO of Rago/Wright, describes a 'cat button' on their website that locks the bid button to prevent accidental clicks, but some buyers still renege by blaming spouses or pets. The problem has worsened with online bidding, as remote participants may not grasp the binding nature of a winning bid. Houses like Freeman | Hindman and Eldred's require deposits and registration to mitigate risks, but defaults persist, with Wright estimating 1% of sales become problematic.

newspaper observer.com open_in_new Read original

trending_up market schedule Jul 8, 2025 visibility 11 link 5 artists

Pook & Pook Presents Exceptional Works of Modern and Post-war Art in its Upcoming Auction

Pook & Pook will hold an online auction on July 16, 2025, featuring over 500 lots of modern and post-war art deaccessioned from a distinguished East Coast educational institution. Highlights include eight works by Romare Bearden, over one hundred pieces by Leonid Sokov, paintings by Mikhail Turovsky, conceptual works by Lydia Dona, and a sculpture by Frederick Eversley. The auction will be accessible via PookLive, Bidsquare, and Invaluable, with in-person previews at Pook & Pook's Downingtown, Pennsylvania gallery on July 14-15.

newspaper Antique Trader open_in_new Read original

trending_up market schedule Mar 18, 2026 visibility 19

Competition in the Auction Business’s Middle Market is Fierce, and Growing Fiercer

The auction industry's middle market, generally defined as lots valued below $1 million, is experiencing intense competition and shrinking profit margins. While this segment accounts for the vast majority of transactions and a significant share of auction house earnings, rising overhead and sellers demanding complex financial deals—like enhanced hammers and guarantees—are squeezing profitability. Regional and specialized auction houses are fiercely competing for business against each other and against third-party online platforms.

newspaper ARTnews open_in_new Read original