Start A Business of online Art Auction
What is Art Auction?
An art auction or fine art auction is the sale of art works, in most cases in an auction house.Normally, an auction catalog, that lists the art works to be sold, is written and made available well before the auction.
ONLINE AUCTIONS LAW & LEGAL DEFINATION
Online auctions are sales transactions that result from a competitive bidding process conducted over the Internet. Whether the sales take place between individuals, between consumers and merchants, or between businesses, online auctions have enjoyed rapid growth with the spread of Internet access. The value of goods and services traded through online auctions is not tracked but is estimated to have grown rapidly in the last five years.
AUCTION PROCESS OF CONSUMER ONLINE
The consumer online auction process has been described as being similar to a garage sale, with commonly offered items including collectibles, antiques, toys, clothing, art, cars, tickets, electronics, and even real estate. Online auctions appeal to individuals who enjoy the competitive bidding process and like to feel as if they are getting a bargain. Most Web sites that host auctions allow buyers and sellers to negotiate payment methods and shipping details. Auction-related costs are usually limited to a small percentage of the final sales price.
How to Start Online Auction Business
If you want to start a small business from home, but don't have lots of startup cash on hand, an online auction business is a great company to start. It is easy to begin selling items you have around the house, and most auction websites make it easy for sellers to set up accounts. Before you create an account and start selling, take the time to research best-selling products, take quality photographs of your items and write descriptions that will bring buyers to your page.