Art Auction

An art auction is a public sale where artworks, such as paintings, sculptures, and other pieces, are sold to the highest bidder. Participants can place bids in person, online, or over the phone, competing against each other to acquire the artwork. The auction house organizes the event, sets starting prices, and provides details about each piece's value and provenance. Art auctions can be exciting and competitive, often featuring renowned artists or unique works. The final selling price reflects the demand and perceived value of the artwork, which can sometimes reach millions of dollars.