Prestigious Arizona hotels are being chosen with care by sellers, as their established nature, lends an air of credibility to these events. On two separate occasions I have been employed to review art purchases made at these auctions. In both cases, not one of the items was “advantageous to the purchaser” with respect to price paid versus value received.
Having contacted an established local hotel allowing the sellers to rent their ballroom space, nearly the same response was rendered more than 5 years earlier. “We just rent the space. We are not responsible for how the space is used.”
Investigating further, some of the same artists offered through cruise lines are sold by businesses electing to conduct hotel-sited art auctions.
Please avoid selling opportunities where all sales are final, unless you are as practiced as an art appraiser or a savvy collector.
Corinne Cain of www.SavvyCollector.com
Major clue: “Original offset lithograph”, which was accurate, but rather an oxymoron.