BUYING & SELLING ART WITH MENZIES
Menzies Art Brands
https://www.menziesartbrands.com/
BUYING ART WITH MENZIES Keep up to date with your favourite artists via Menzies’ art alert system. As a registered account holder on our website, you can nominate your preferred artists and receive notifications via email whenever their works are being offered at auction with Menzies. Click the button below to sign up for a 'registered user' account.
Auction estimates are based on prices recently paid at auction for comparable works and take into account condition, rarity, quality and provenance. Estimates, unless otherwise stated, are in Australian dollars, are inclusive of GST and do not include the buyer’s premium.
Auction Estimates:
There are four ways to bid at auction with Menzies:
Bidding in the Room Telephone Bidding Absentee Bidding Online Bidding Bidding Increments
Registering to Bid:
Requesting an Art Appraisal: If you are thinking about selling a work of fine art, Menzies would be pleased to provide a free initial estimate of its auction value. Appraisal requests may be submitted via our Online Appraisal Form or by contacting one of our specialists directly. Menzies also offers appraisals in person at our Sydney and Melbourne galleries on Wednesday afternoons, from 2:00 pm to 5:00 pm. Clients are welcome to bring along their artworks at this time; there is no need to make an appointment. In some circumstances, Menzies’ specialists may be able to appraise artworks in situ at your property. Onsite appraisals are generally free of charge but a fee may be applicable depending on the scope and diversity of the collection. This appraisal fee would be fully refundable in the event that these artworks are consigned to auction with Menzies.
SELLING ART WITH MENZIES
Consigning your Artwork: Each consignment is subject to a seller’s commission which is calculated as a percentage of the hammer price of each artwork and is therefore payable only if the work is sold. In some instances, the consignment may include one-off fees associated with a third party – e.g. a copyright fee or resale royalty payable to the artist or their estate.
Presale Advice: During the fortnight preceding the auction, you will receive a pre-sale advice form. This form provides the vendor with the option of authorising Menzies to reduce the reserve price of an artwork consigned to the sale.
After-Sale Notification: Within a few days of the auction taking place, you will receive an after-sale advice listing the final hammer price of each lot, or, in the event that the artwork went unsold, notification that it was ‘passed in’. Payment for lots sold will be processed approximately 35 days after the sale. Please ensure that you have advised Menzies in advance of your preferred method of payment. The final proceeds of sale will be equal to the hammer price of each lot sold, less seller’s commission and any additional costs as agreed at the time of consignment.
Should your artwork go unsold, Menzies’ specialists would advise of any post-sale offers. Menzies generally recommends that unsold works remain on our premises for several days after the auction, so that they may be viewed by any prospective buyers. After this time, unsold artworks will be available for collection provided that any outstanding fees relating to the consignment have been paid in full.
CONTACT
Menzies Art Brands Tel: +61 2 8344 5404 Email: art@menziesartbrands.com Web: https://www.menziesartbrands.com/