Monday, January 13, 2014

What You Need To Know About Fundraising Art Auctions

By Marissa Velazquez


All over the world fundraisers have developed many different ways of raising funds. There are many reasons as to why different groups may want to raise money. In some cases, a particular group may want to get capital to do a particular business or project. In other cases, nonprofit groups can carry out certain events so as to raise money for a particular cause. Fundraising art auctions can be a very effective way of doing this.

It is important to note that the success of such an event greatly depends on the effectiveness of the organizing team. If it the first time for a particular organization to carry out such a fundraising process, they should get an experienced planner who has organized several art auctions. Having and experienced player in the organizing team can be a great boost to the confidence and expectations of the various parties involved.

Art works are very beneficial as they can be used to decorate, preserve history and add value of a particular place. Collectors of different works are the main target group of such functions. In most cases they are people who have a deep love and appreciation for human artistic talent. Such people do not mind spending large sums of money to acquire valuable works that they admire. Well known collectors frequent many galleries and museums all over the world in search of displayed talent.

Having well priced art work can be a significant boost to a fundraising auction. Before picking work from various artists, it is advised that you should agree on the amount of money that they expect to get. This is done by setting the minimum bid for a particular commodity. When placing a minimum bid it is important to ensure that the initial minimum bid is not too high.

By choosing the right guest, one can significantly increase the chances of having a successful event. In most cases, having recognized art collectors can give any organizing team a big boost. When doing a fund drive for non profitable causes, it is important to get well known philanthropist to grace you occasion. Also, getting well known artists can go a long way in attracting serious collectors.

Another important factor that you should consider is the kind and quality of art work that is going to be displayed and auctioned. An organizing team is encouraged to compile a list of well known and upcoming artists. From this point they can ask for donation pieces that have a reasonable minimum bidding price.

It is important to note that over priced pieces generally discourage bidders. Also, poorly priced pieces can also be detrimental to the reputation of an artist. In charitable events, artists are encouraged to sensibly price their pieces so as to also contribute the good cause. Failure to price an art piece appropriately can result in contradiction of the good will of a particular cause.

Enough information on the accomplishments of a particular artist can spark interest in the bidders and collectors. However, this should be done in moderation so as to not result in negative publicity. If the pricing of work by artists is well done, one can be assured of having successful fundraising art auctions.




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