History, pressent and future of auctions
Currently, local auctions are being held all over the planet. Art market analysis shows that the sales volume of artworks at auctions in Europe extended 3 billion dollars in the last 3 months, as of April 2019.
THE FUTURE OF AUCTIONS
In terms of auctions, what does the future bring to us?
As we move into the future, technology becomes more on more relevant. It makes our life easier in most cases. Currently if you decide to participate at an auction, you have to buy a flight ticket and visit a local auction. As we however advance with technology, we move local auctions online, so people all over the continent – and soon all over the world – can bid at the same time. The most expensive painting sold at an auction was Salvator Mundi by Leonardo da Vinci (c. 1500) for a price of $450.3 million.