tagged: online auctions

Is the Internet Living Up to Its Promise as Democratic Equalizer of the Art Market?

by Edo Dijksterhuis
On June 20, the Berlin-based online auction house Auctionata sold an 18th century Chinese clock. Created by a Guangzhou workshop, the musical and automaton clock is ivory-mounted and adorned with figurines and pagodas set in a mountain scene. The bidding started with 300,000 euro. A mere ten minutes later the final bid of 3.37 million euro was made, setting a new online auction record. The buyer is an art world fixture: businessman Liu Yiqian, owner of the Long Museum in Shanghai. More... [more]
Posted by Edo Dijksterhuis on 7/15/15