Painting auctions

If you are an art lover and you would like to buy famous and ethnic paintings, then online painting auctions should be one of your best available options, for shopping as well as browsing for new artists. There are many authorized and famous online painting auction stores to meet your demands.

Do you know most of the famous paintings are sold via auctions, at online painting auctions nowadays? It is mainly because the Internet helps you gain wide exposure and access to sellers and buyers from all over the world. You can buy paintings, listed in online painting auctions stores by bidding. The same way, online painting auctions guarantee the best price if you would like to sell your paintings through auctions via internet.

The work on an auction house, is to put all the items of painting, both for buying and selling for a bid. Usually like all other auctions bids are taken and then a selected item is sold to the highest bidder. It is a century old practice and it dates back to 500 B.C. Most of the paintings done before 1800 years are under the custody of famous art museums all over the world. Museums also sell these paintings, through auctions. But this is a rare phenomenon, because such paintings are beyond any price ratings of today. They are eternal assets of olden times. History says the first documented auction of paintings, took place in England.

The Mona Lisa is an expensive painting having the highest insurance value. It is counted amongst the most valuable and eternal art, in the history of paintings. It costed around US$670 million in 2006. The current price of the painting will be much higher than this, taking into account the current inflation and recession in USA.

Some of the world famous paintings, sold for millions of dollars are the painting of Jackson Pollock for $149.7 in 1948 through a private sale. This was bought by David Martinez from David Geffen at a painting auction. The painting named Woman III, done by the famous artist; Wllem de Kooning was sold for US$147.0 in the year 1953. The fortunate buyer was Steven A. Cohen from the same seller David Geffen.

There are many famous painting auction stores conducting painting auctions from time to time. Some of the famous painting auction stores are

• Christie’s is located in London and it has the credit of auctioning famous paintings of Picasso, Leonardo da Vinci, Rembrandt, and Vincent Van Gogh.
• Sotheby s another famous painting auction store, to search for good painting works. It is one of the renowned and reputed stores that will help you to buy original paintings from its listed reputed sellers from all over the world.