By & Sell At PARAQON

HOW TO BUY AT PARAQON'S AUCTION

1. Create your account

1. Create your account

In order to bid in an auction you'll first need to set up an account.

Need further help? Please contact us via email or phone.
2. Register for auction

2. Register for auction

For a live auction, simply choose any auction and click “Register to bid” before the auction begins to receive your paddle number. You will then select how you would like to participate in the auction: in-person, over the phone, online, or by leaving absentee bids. Please note that for certain auctions, additional financial verification is required at least 24 hours before the sale.

For an online-only auction, there is no separate registration process. Placing a bid automatically registers you for that auction.

Need further help? Please contact us via email or phone.
3. Place your bids

3. Place your bids

Live Auctions

Bidding online

Before the live portion of the auction, you may place maximum bids, which will either be executed immediately (Advance bids) or by the auctioneer during the live auction (Absentee bids).

During the live auction, enter the online auction room and place your bid once the auctioneer has opened the lot. You can follow the bidding activity either by watching the page or by listening to the auctioneer.

Bidding in person

You will receive your paddle when checking in at the registration desk, and indicate to the auctioneer when you wish to place bids.
Bidding over the phone

You will indicate your desired lots ahead of time, and a Sotheby’s representative will call you the day of the auction to execute bids on your behalf.

Online-only auctions

Once an auction is open for bidding, place your maximum bid on each of your desired lots. The platform will automatically place incremental bids on your behalf up to your maximum amount.

Lots close in one minute increments and will be extended by two minutes if a bid is placed within the final minute before the lot’s scheduled closing time. Lots may extend for up to two hours to accommodate competitive bidding.

Need further help? Please contact us via email or phone.
4. Payment

4. Payment

Your final amount due will include the hammer price, buyer’s premium, overhead premium, and local taxes. In certain locations, a re-sale royalty will be collected.

If you are attending, the auction in person, you may pay for your items immediately following the auction. Otherwise, our Post-Sales Service team will send you an invoice and shipping quote.

Need further help? Please contact us via email or phone.
5. Shipment

5. Shipment

PARAQON’s Post-sale services can arrange expert and insured shipping and convenient delivery of your property.

Need further help? Please contact us via email or phone.

HOW TO SELL AT PARAQON'S AUCTION

1. Discover What Your Property Is Worth

1. Discover What Your Property Is Worth

Wonder how much your art or object might be worth and how to sell it? Our specialists have the knowledge and expertise to provide you with an accurate valuation. Simply select “Start Selling,” follow the steps, and submit your item. Our specialists will review your submission at no cost and provide preliminary estimates for items that can be included in one of our sales channels in 15 to 20 days.

Need further help? Please contact us via email or phone.
2. Estimates and AppraisalsAppraisals

2. Estimates and AppraisalsAppraisals

Our specialists evaluate property based on its characteristics such as the artist or maker, country of origin, provenance, date of execution, materials, dimensions, rarity, subject matter or type, and condition. We also consider comparable sales and past performance of works by the same and similar artists.

Need further help? Please contact us via email or phone.
3. Pricing and Payment

3. Pricing and Payment

The seller’s contract sets the reserve price and the seller’s commission. For sold lots, Paraqon’s will send payment within 45 days from the sale date, provided we are in receipt of the buyer’s payment. Your payment will be based on the hammer price less a commission and any agreed-upon expenses. If bidding on your item fails to reach the reserve price, we will not sell the piece at auction. Together, we will determine the best course of action, whether this is taking back your work, offering it in a later auction or through our private sales department.

Need further help? Please contact us via email or phone.
4. Shipping and Insurance

4. Shipping and Insurance

Our staff can help arrange to have your property delivered to the Paraqon's location where it will be offered at auction. As the consignor, you are responsible for packing, shipping and insurance charges.

Need further help? Please contact us via email or phone.
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