Selling and Consigning Artwork in The Era of COVID-19Selling and Consigning Artwork in The Era of COVID-19

Auction houses and other art vendors have adjusted their business practices to address some of the logistical hurdles caused by the COVID-19 virus. Here’s how the auction houses have adjusted their practices to facilitate the consignment process and sales. We also provide some legal tips for collectors to keep in mind when purchasing artworks during COVID-19.

Consignment Practices

The international auction houses proved that with digital innovation, not to mention flexibility and hard work, during the height of the global pandemic, they could sell billions of dollars of art online. Not only were top prices achieved but also other selling metrics were strong, such as exceptionally high sell-through rates and increased bidder registrations a...