Auction business: a follow up

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In one of the miracles of cyberspace, Texas artist Matt Lively, read my post, about the auction on board my cruise to Alaska.

Turns out, just like the auctioneer said, the prints were bought outright by the auctioneer or cruise line, and the auction price of $145 was a steal. Lively wrote that when the prints first begin selling (he makes editions of 300), they sell for $850 apiece retail. But when sales slow down, he’s happy to sell the rest at a lower price. “I wanted to be able to list them as ‘sold out’ so that I could do new, fresh ones,” he wrote. So the auction price of $145 was excellent from the buyer’s point of view.

Click on the link to Matt’s website. It’s a good one.

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