Sunday, February 19, 2017

Before You Bid - The Truth About Art Auctions at Sea - Part 3

Most of the time, when you successfully bid on a piece of art, you will not actually receive the piece of art that you saw in front of you during the auction. For example, the largest auction house on board cruise ships only guarantees that a similar version of the art being bid on will be sent to the buyer. In most cases, the actual piece of art is in a warehouse and will be shipped to the passenger once they return home. This is another fact that makes one wonder how original pieces of art could be in two places at the same time!

Art auctioneers working on board cruise ships are not usually licensed as actual art auctioneers. They are not required to be since they do not have to follow the legal codes found on land. So you can definitely classify an on board art auctioneer as more of a salesman/saleswoman than an actual certified art professional.

Each piece of art for sale must be appraised. However, those for sale at a cruise ship auction can be appraised by anyone. And that is usually what happens. For example, the largest art auction house operating on cruise ships has every piece of art they sell appraised by the owner of the auction house himself! They do not use a certified and independent appraiser at all. As you can imagine, given their direct interest in earning money from the artwork they sell, they can virtually claim that a piece of art is worth as much as they want to say it is worth. How convenient!

If you decide to participate in an art auction, you are usually asked, or even required, to complete a ‘registration form’ before the auction starts. This is really just a way to obtain your credit card information so that as soon as you successfully bid on a piece of art, the charges can be automatically applied to your credit card. Art auctioneers do not want the charges to be put onto your on-board account. By avoiding this method, a buyer will not actually see the total charges (with all of the added fees thrown in) until they receive the final invoice that arrives with the piece of art once they get home.

You will almost never find any documents of authenticity or other information prior to the start of a cruise ship art auction. Of course, having this information would be useful by allowing you to learn as much as you can ahead of time about any piece of art you are interested in. Instead, you are forced to blindly bid on artwork that you cannot confirm is authentic or as ‘valuable’ as the art auctioneer claims it to be. If they can’t provide the documentation, you should definitely be suspicious. If they do provide you with some ‘official’ paperwork, look it over as closely as possible and read every single line.  Keep in mind that most of the above would violate US laws and regulations regarding the manner in which art auctions may be held. But again, since these auctions do not answer to the United States (or any other) legal system, they are able to get around almost every rule, forcing anyone to conclude that the ethics of such art auctions are quite questionable.

In the end, passengers have been spending thousands and thousands of dollars simply by being convinced that they are making an ‘investment of a lifetime’. When they find out that what they bought is worth nowhere near the amount they paid, it is too late.

If you want to avoid having this happen to you, it’s best to take the free champagne and just walk away…or not even go near the auction in the first place.


Contact us at Travel Tours & Cruises to plan your next vacation.

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