09.08.2010

Electronic auction of works of art

The Auction House of the Russian Federation has held the first Internet auction of works of art – modern interior painting. The auction took place on 2-9 August.

Five paintings were sold at the auction.

“They were not the most expensive works - they were paintings with an average price of 10-15,000 rubles. Nevertheless, we are satisfied with the result. This is our first experience in selling works of art, and, what is very important, our first experience of holding an electronic auction. Now it is clear to us that buyers are not prepared to make expensive purchases at electronic auctions. Classical auctions with an auctioneer are more suitable for this. For this reason, we are adjusting the list of lots for electronic sale – something will be changed, something will be added – and we will hold the next auction from 20-27 September. Auctions of work of art at the Auction House of the Russian Federation will now be held online on a permanent basis” (head of the department for the sale of works of art and antiques at the Auction House of the Russian Federation Vladimir Pilyushin).