Going, Going, Gone: An Introduction To Art Auction

Art is an investment that grows in value and art auctions is where the magic happens with A-list collectors and bidding wars that sets the tone for art enthusiasts.

Even during a pandemic, the art world thrives as there is never a bad time to buy or sell art.

Behind the glitz and drama of art auctions is where a serious business operates, that has centuries of history and practices that always set the tone for the art market at large.

Here’s your guide to everything that happens before the anticipated ‘Sold!’

In Malaysia, there are few auction houses to take note;

• The Edge Auction focuses on Malaysian works that include significant and major paintings by top names in the local art scene. Comprehensive information, including auction items, pricing, process, results and term, is available.

• KL Lifestyle Art Auction has held over 30 auctions, with a focus on Malaysian art.

• Henry Butcher Art Auctioneers was formed in 2008, expanding its portfolio of auction categories from real estate and plant & machinery, to include art. The auctioneer focuses on Malaysian and South East Asian art.

To kickstart one’s journey as an art bidder, register to an auction house using your identification card whereby you can start bidding in person, absentee bid, or through a telephone bid, says Henry Butcher Art Auctioneers (HBAA) Director, Sim Polenn.