Private sales are art sales that take place outside the auction and without the public. Here, two prospective buyers do not bid against each other, but the art auctioneer mediates between a seller and a potential buyer.
Private sales offer a high degree of discretion. Purchase prices are not published, an aspect that is particularly important for prominent collectors or works of art. The tension of the auction and the uncertainty as to whether one can actually purchase a work at the price imagined are not for everyone. At a private sale, the buyer has time to adjust to the purchase price. Especially for museums, which often have to secure the financing first, this can be a great advantage. On the other hand, a seller does not have to wait for the right auction in the calendar to sell his work: Private sales offer a high degree of flexibility, both in terms of the time of sale and the pricing.
Please get in touch with us if you would like to learn more about our Private Sales Services.