Buying Art in auctions was first formed in the year 1940. A wide number of architects from all over the world were contacted to come and exhibit their work. They were to work in a public arena where people watched.
They were to work within a concrete and steel industrial building which was referred to as the fine arts palace’’. This allowed the artists to showcase their talents to the visitors. Some different varieties of artists included weavers, painters, ceramicists and sculptors.
Art in auction organizers
One of the original organizers was a famous architect, Timothy L. Pflueger. He organized a strategic plan on how artists would display their exhibits. This investor contacted some of the best artists to be a part of this fair.
This incredible architect was even able to bring on the famous artist to this fair. His name was Rivera and his main reason for coming was to paint the muller.
Challenges of art in auction
Buying Art in auctions faced some major challenges. In the year 1968 the fair was closed down. Rivera had not completed his painting at the time. Despite this brutal outcome he decided no to leave until he finished his painting.
This event took an unexpected turn when around 35000 visitors came to see the complete painting of the muller. After this event most of the large artworks remained in this facility.
Advantages of art in action
Many wealthy collectors were able to meet the artists in action and negotiated with them directly. This enabled artists to make profits from their paintings.
This activity was proven to be secure because artists were able to secure legitimate items. They were able to meet with the original artists and purchase items directly from them.
The action was held in a period of one year. This enabled collectors to have enough time to buy their favorite collections.
Another advantage was that wealthy merchants were given an opportunity to bid for their favorite painting. The highest bidder was able to walk away with the desirable item.
Live auction was an activity that brought artists together. It still exists but in the modern world it mostly takes place on an online platform. This auction brought different artists dealing with different items together. It brought joy to people by helping them enjoy the act of art in process.
This is a tradition that should be observed iorder to enhance diversity.
This act helped investors make profit and thus creating a positive economic impact to the country. Also it helped in positive cultural interactions between people. Artists from different cultures were able to exhibit different artifacts representing their cultures.