What is the process of an art auction?
An example of an AI chatbot conversation about the art auction process.
What is the process of an art auction?
The art auction process typically involves several key steps: consignment, cataloging, preview, bidding, and settlement.
Can you explain each step in detail?
Sure! First, consignment is when the seller agrees to auction their artwork. Then, cataloging involves creating a detailed listing of the items.
What happens during the preview?
During the preview, potential buyers can view the artworks before the auction, allowing them to assess the pieces.
How does the bidding process work?
Bidding usually starts at a set minimum price, and participants place bids until the highest bid is reached, at which point the item is sold.
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