Buying at Auction 101: Saturday@Phillips

Terje Ekstrom

Scared of auctions? Don’t know when or how to raise the paddle? Not sure how to sign up in the first place? Wondering whether you need a lot of money? Curious about how it works when you win?

Then get thee to Phillips de Pury + Co’s Saturday Sale pronto! The next one is tomorrow, April 26, with sessions at 10 AM and 2 PM. Go! Even if it’s just for an hour!

Really, I cannot say enough good things about this newish series, launched a year and a half ago as a sort of “starter” auction targeted at first-time buyers. Sales typically feature an assortment of lots from all departments–from modern design objects to jewelry to fine art–with lower starting bids than their usual fare. Tomorrow’s sale has an emphasis on art toys (think: limited-edition vinyl Godzillas) and watches, but still includes the usual complement of Thomas Demand photographs, Damien Hirst prints, Roy Lichtenstein art plates, and furnishings by the likes of Raymond Loewy and Terje Ekstrom (above). Check out the catalog for details on each item. (You can also bid online! Although that’s not as fun.)

My advice for auction neophytes: Go, register (very easy) for a paddle, then sit and enjoy. Don’t even bid the first time, unless you feel moved. Just get into the vibe of the thing and start to notice the tenor of how bidding escalates and get a feel for how closely estimates match selling prices. I always learn a ton, and discover all sorts of intriguing name and unusual furnishings I’ve never seen before.

Even if you are a well-seasoned art buyer, it’s a fun and lively event, with an unpretentious, feel-good vibe. And great bargains. –Jen Renzi

Roy Lichtenstein plates

Godzilla

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