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Brokerage
This
is a very useful method of selling and buying fine art
and antiques.
It is extremely helpful to those
uninitiated in the ways of the art market and for those
that are, mainly professionals, it removes some of the
more onerous tasks for the administrator associated
with handling the sale of probate items in particular.
By using a broker who is completely
‘au fait’ with the market the client will
benefit in a number of ways. If Vost’s arranges
a sale by auction they do not charge the client
fee, they receive their fee by way of introductory commission
from the auction house. The vendor only pays normal
auction charges.
Using Vost’s knowledge and
experience a client can maximise the value achieved
for their items by having them placed in the right auction
at the right time. Vost’s will manage the sale
for their client and they have very useful input in
the marketing of items. They organise the transport
arrangements (deducted from sale proceeds), ensure the
contract between client and auction room is fair and
accurate, and negotiate favourable commission rates,
insurance and illustration charges on the client’s
behalf. Far too often art and antiques are sold at the
wrong time and in the wrong place, poorly marketed and
poorly catalogued. This happens even in the most famous
auction rooms.
If you are a buyer you may be
too busy to source and acquire the antiques and works
of art that you are looking to furnish your home with.
By using Vost’s your nervousness about buying things
that may not be genuine or paying through the nose for
them can be obviated. Or, if you are a collector, Vost’s
can assist you in sourcing items. You can benefit from
our long experience of handling antiques and works of
art to buy articles that are genuine and at a figure
far less than you would normally pay when buying from
a typical retailer. Vost’s will charge a fee for
doing this. The fee is normally commission based and
this is negotiated at the outset of any instruction.
This aspect of brokerage is often
used by clients upsizing their property or those furnishing
a second home. Corporate buyers will often do the same
when furnishing their headquarters.
Vost’s will identify, through
consultation, just what you are looking for. They will
source it, buy it on your behalf and deliver it. Having
identified the style or period you wish to furnish in
they will then locate the item/s and provide images,
usually by e-mail, just to make sure you are on the
same wavelength. Before purchase they will seek condition
reports and, subject to them meeting the criteria, will
then bid at auction on your behalf.
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