Art Auction – An interesting occupation

The financial transaction that is the purchase and sales of things need not always be a mundane thing; it could turn out to be rather interesting if you are dealing in something that interests you, for instance, ‘art’. The buying and selling of art is often termed as ‘auction’. These auctions turn out be places of entertainment and recreation; so that is what makes a financial deal an interesting occupation.

The auctions are places where you get to socialize, party, entertain yourself and the same time either purchase or sell something extremely valuable. Here you get to see numerous art enthusiasts who come not just with the intention of buying or selling but also to have a look at and appreciate good work of art. Mark Borghi is also an art enthusiast who owns more than one fine arts gallery in New York. He showcases all kinds of works such as contemporary, abstract, pop art, etc.

Auctions are basically of three types, namely: Consignment, Mixed and Estate. Those that are held at the residence of an individual are of the estate types. The consignment auctions are organized at the place of business of an individual; while when the rent of a businessman is not paid, his things are often sold off at reasonable prices in order to redeem the unpaid rent – this is another kind of auction. The items of art are regularly found in all or any of the afore mentioned auctions as well.

The estate auction is the one in which the residential expensive art items are auctioned and such a one does not have any kind of reservations on any item. Reservation refers to a fixed minimum price for which an item is to be sold. Contrasting to this a consignment auction often has reserves attached to its artifacts and items of art. Hence, often there are remaining unsold items at a consignment auction while in an estate auction everything must be sold.

A mixed auction as the name suggests is a combination of both and hence accepts consignments as well as sells items of small estates. The consignment usually holds a weekly sale where the lowest bid is offered around the mid week.

Finding an art auction is not a tedious job at all, thanks to the internet. You can find everything online. So, for all the art enthusiasts who like to spend their time in knowing more about art there are two very interesting places to visit, an art auction or an art exhibition. The art auction helps you carry out business while enjoying the ambience of the high class; on the other hand an art exhibition helps you appreciate exclusive works of artists.

The gallery program held at Mark Borghi fine art gallery in New York, Palm Beach, and Bridgehampton are the ideal places for exhibition and appreciation of excellent contemporary, abstract and all other forms of fine arts. You can get to see the works of Jackson Pollock, Richard Prince, Andy Warhol and other famed artists. These programs have also hosted a wall sculpture and an exhibition with the message of women empowerment.