Revere Auctions has helped many corporate clients, including several Fortune 500 companies, liquidate existing fine art collections during renovations and reorganizations. This typically starts with a complimentary walk-through assessment of the collection followed by a formal auction appraisal. Revere handles all aspects of the appraisal, removal, and liquidation process. By offering a proposal for the selling of the collection in addition to providing both the transportation and packaging of the collection’s items, Revere greatly simplifies the process for you and your company.
Our Auction Process Is Easy & Transparent
Revere reviews the item(s) to be sold either in photographs or on location. Once reviewed, specialists will provide values for the items in the form of auction estimates, a range of values which helps the client understand what to expect and determine whether an auction is the best method for them. If desired by the corporation, Revere Auctions can additionally provide a formal appraisal.
Once the collection has been evaluated, Revere works with the client to create a consignment agreement, tailoring the reserve price and commission rate to the client’s collection and needs. Once this document is signed, Revere will facilitate drop off or pick up of the items.
Cataloging and Photography
Once the items are in Revere Auctions’ gallery, they are meticulously examined and catalogued, then photographed by a professional photographer from all angles. The level of detail that goes into cataloging your collection ensures that the worth of your items is properly assessed and communicated to collectors around the world over who can only view it online.
The items are marketed all over the world via online auction marketplaces, art market media, and our own deep database of collectors and dealers. This marketing takes place over four weeks of online bidding which culminates on auction day, when all bidding platforms are reconciled and a final price and winner emerge.
Payment and shipping
After the auction, Revere collects payments then coordinates packing and shipping of the item to the shippers. Four weeks after the auction, settlement checks are sent to all consignors.
Auctions Are The Best Way For Corporations To Liquidate Collections
Auctions are the best way for corporations to liquidate art collections and certain high value furnishings, bar none. Auctions provide unparalleled transparency to clients and enable them to delegate pricing to the market rather than stake individual liability to outcomes. This widely marketed and open system is a favorite of many institutions including all major museums.
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We are inviting consignments for our upcoming auctions