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The Fine art auction house is home to the world’s finest works of Art and collectibles. Currently broadcasting on AVC and streaming across all platforms, the brand will offer unparalleled live art auctions and programming from the comfort of your home or wherever you choose to engage with it. More info https://www.waddingtons.ca

Fine art auction houses offer a level of transparency and accountability that other sales channels cannot. They are also able to provide a curated experience for collectors, connecting them with some of the most sought-after artists and artworks in the market.

However, while they offer high-profile exposure and competitive bidding that can drive prices up for unique works of art with exceptional provenance, auctions are not without significant drawbacks. High seller fees (15% of the hammer price plus additional costs for marketing, LDL insurance and cataloguing), a buyer’s premium of 25% or more added to the hammer price and performance commission fees of 1-2% if your print sells above its high estimate can make auctions less attractive for sellers.

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Shannon’s auctions are held twice a year, with each sale featuring 200+ lots of paintings, drawings, fine prints and sculpture from the 19th century through Contemporary. The auctions are hosted online and in-person previews are available. The firm offers a targeted, personalized service to consignors and their buyers and is committed to educating their audience on fine art and the auction process. Its 85% sell-through rate is testament to its market expertise and strategic marketing.