How do I know what an item is worth?
Valuation is by its nature subjective. To provide guidance, artnet has supplied helpful information, when available, on the lot detail page, including the artist's past sales results and market trends graph.
How do I bid?
Bidding is secure and easy. On the bidding page, click the “Place Bid” button. This will open a form into which you can enter your bid amount. Before you can place a bid, please register as a buyer.
How do I “Purchase Now”?
You may only “Purchase Now” if the seller has enabled this option. This will be indicated on the listing. When you click a “Purchase Now” button, you will be redirected to a confirmation page.
How does the SmartBid service work?
When you bid on an auction, you are asked to provide your maximum bid. This is the amount that you are willing to pay for the lot. The artnet SmartBid service automatically bids on your behalf, as needed, up to your maximum bid. This includes bidding on your behalf to meet the reserve price when placing the first bid on an auction lot. The SmartBid service will never raise your bid above the reserve price unless there are competing bids on the lot. Please find the SmartBid service bidding increments below:
| SMARTBID BIDDING INCREMENTS |
| Minimum Value | Maximum Value | Bid Increment |
| $1 | $999 | $50 |
| $1,000 | $1,999 | $100 |
| $2,000 | $4,999 | $200 |
| $5,000 | $11,999 | $500 |
| $12,000 | $15,499 | $1,000 |
| $15,500 | $19,999 | $2,500 |
| $20,000 | $99,999 | $5,000 |
| $100,000 | $249,999 | $10,000 |
| $250,000 | $499,999 | $20,000 |
| $500,000 | $999,999 | $50,000 |
| $1,000,000 | above $1,000,000 | $100,000 |
How does reserve work with the artnet SmartBid service?
If there are no competing bids, the artnet SmartBid service will bid on your behalf up to the reserve price of a lot upon bid placement.
How do I cancel/retract my bid? A bid can be retracted within 15 minutes of placing it, unless the auction has less than one (1) hour remaining. Retract a bid by contacting artnet at one of the numbers below. This is the only way to retract a bid.
If you are within these guidelines, please contact a coordinator by calling +1 877-388-3256 in the US or +49 30 2091 7850 in Germany.
How do I view the auctions I'm currently bidding on?
Go to your My Auctions page, click “All Buying”, then “Active Bids”.
How do I add an item to My Favorites?
On the bidding page, click “Add to My Favorites.” To see the lots you are watching, go to your My Favorites page and click “All Buying”.
How do I ask the seller a question?
Should you need to ask the seller a question before placing a bid, you may use the “Ask seller a question”
link on the bidding page. You must be logged into your artnet Online Auctions account to view and to click on this link.
Additionally, you may send the seller a message using the
Messaging Center or make contact through the “Contact Seller” link on that specific seller’s profile page, accessed by clicking on the seller’s screen name on the bidding page.
What is a bid alert? Bid alerts are generated automatically and inform you when you've been outbid, won an auction or received an offer. To view your alerts, go to your
My Auctions page, click “All Buying”, then “Alerts”.
How do I see what lots I did and didn't win? Go to your
My Auctions page and click “All Buying”, then “Items Won” Or “Items Not Won”.
What are the shipping policies? Every seller is required to post detailed shipping information for his or her lots. Shipping costs are partially dependent upon the buyer’s location. If you have questions, please contact the seller directly.
Why did the auction end with the winning bid between two increments?
The winning bid was from a buyer who used a bidding agent. The auction system will accept a bidding agent's bid of any amount over the current bid as a final bid of an auction.
Why did the auction end after its original close time? An auction is extended when a bid is made 10 minutes before the auction ends. The auction closing will be postponed for 10 minutes and may be the case several times until a one minute period has lapsed without bidding. When an auction is extended, bidders are notified via e-mail.
How can I pay for an item I've won?After the close of an auction, you will receive an automated e-mail from
DoNotReplyAuctions@artnet.com if you are the winning bidder. Within that e-mail, there will be a link to our Messaging Center. After clicking the link, you will be directed to artnet Online Auctions and prompted to log in to your account. A message box will be open for you to communicate payment and shipping arrangements to the seller. The seller will receive a similar e-mail at the close of the auction and may contact you as well.
Additionally, each seller has specific payment options for his or her lots. If the information provided by the seller is not clear, please contact the seller for clarification.
What is the buyer's premium? How am I charged for this?
artnet charges each winning buyer a commission payable to artnet known as buyer's premium. Currently, a 10% buyer's premium is charged on all winning transactions – this premium is based on the winning bid amount (e.g., if the winning bid was $1,000, the buyer's premium will be $100, payable to artnet). Once the auction closes where you are the winning bidder – your credit card on file with artnet will be charged the buyer's premium, which is currently 10%. If the charges are declined, artnet will contact you via e-mail. Please update your e-mail address should it change, as it is the primary communication venue between you and the auctions platform. Should you have any questions, contact us via e-mail or give us a call at +1 877-388-3256 in the US or +49 (0) 30 2091 7850 in Germany.
artnet Online Auctions is in US dollars ($), how do I convert currencies?
Currently, all items must be listed in US dollars ($). artnet will calculate and display the corresponding amount in Euros (€) based on the previous business day's rates as reported on http://oanda.com/