Christie's Online
February 25 2013
Pic: Christies
By LH
Tomorrow Christies will open bidding for the second batch of works from the Warhol Foundation after their decision to sell the lot last year. Intriguingly Christies have decided to offer them in an online auction over the course of one week;
"The timed online format allows clients to browse, bid, receive instant updates by email or phone if another bid exceeds theirs, organize shipping, and pay from anywhere in the world."
This eBay style of auctioneering seems to be all the rage at the moment and a few regional auction houses have also opted for this method of sale, normally for their lesser valued items such as wine as well as unsold lots. With the ever increasing overheads of large commercial spaces, this quicker method of public offering will no doubt become common ground in the years to come.
