Art is bought and sold at auctions, galleries, antique shops, directly from the artist, and at flea markets.

How to buy and who to sell to

Art is bought and sold at auctions, galleries, antique stores, directly from the artist, and at flea markets. Tinkoff Black cardholders can receive cashback on art purchases. Auctions:

Well-known auction houses like Sotheby's and Christie's feature works by already established artists, and prices there can reach up to one hundred thousand rubles. That's why we are more interested in smaller auctions. Most auctions require pre-registration in order to participate. Bids can be made in person, over the phone, or on the website. If your bid is successful, you will have to pay a commission to the auction house in order to receive the item.

In Russian auction houses, the commission ranges from 5% to 20%. Auctions operate on the principle of caveat emptor - "let the buyer beware". If you make a bid and change your mind, you will have to pay a penalty of at least 10%. You can return the purchase and get a refund only if there are complaints about its condition or quality: for example, if the item looks worse than stated or turns out to be fake. If you simply don't like the purchase, you will have to put it up for auction again. Each lot has an estimate - the amount that experts have assessed the artwork to be worth. Some auctions do not sell lots that do not reach the estimate, but usually, a deal can be negotiated.