How do I register for an auction?
All bidders need to register by completing an online form and providing all required information, such as their full name, contact information, and credit card details. Auction Houses often require additional vetting of bidders and may prevent registration in advance of a sale. Check the instructions for the sale you are interested in and register early. We will communicate the status of your registration via the email and contact information you provide.
How do I place a bid?
Bidding on Artsy is easy with our automatic bidding system. Select your bid amount as long as it is greater than or equal to the next minimum bid shown on the bidding screen, then click the “Bid” button. This will automatically place a bid for you at the next increment and save the amount you entered (if higher) as your “Maximum Bid.”
What is a maximum bid?
If you enter a bid amount higher than the next minimum bid, the amount you enter is treated as your “Maximum Bid.” Entering a Maximum Bid does not necessarily mean you will pay that price, and you may pay less. As the auction progresses, our system will bid automatically for you against other bidders, according to our automatic bidding increments (see below), up to (but not exceeding) your Maximum Bid, only as much as necessary to maintain your position as highest bidder. If two bidders attempt to enter the same Maximum Bid, the first bidder to enter that amount will be the winner.
What are bidding increments?
Our automatic bidding increments determine the next minimum bid that can be placed. They are based on the current bid of each item and increase at the following intervals, when the current bid is:
Under $1,000: $50
$1,000 - $1,999: $100
$2,000 - $4,999: $250
$5,000 - $9,999: $500
$10,000 - $19,999: $1,000
$20,000 - $49,999: $2,000
$50,000 - $99,999: $5,000
At or above $100,000: $10,000
Note: Our usual bidding increments are listed above, but depending on the auction, we will default to the bidding increments of our auction house partners.
What is a reserve price?
A reserve price (also known as a "reserve") is the confidential minimum price below which the item may not be sold in the auction. If an item has a reserve, this will be indicated on the bidding screen where you enter your bid. When you bid on an item with a reserve, if your Maximum Bid meets or exceeds the reserve, your bid will be increased to meet the reserve (according to our automatic bidding increments), and bidding will continue from there. If an item is offered with a reserve, Artsy will be authorized to bid on the seller's behalf, up to the amount of the reserve. Some live sales may have unknown reserves and we will try to represent them as accurately as we can during the live sale. In live sales, the auctioneer's decision is the final one.