Monday, May 19, 2014

Ethics Guiding An Art Auction Fundraiser

By Minnie Whitley


The process of raising funds has been noted to take different forms. One of the effective methods of raising funds is an art auction fundraiser. These fundraisers involve the selling of pieces of artworks donated by various artists to the bidders. The process has many benefits associated with it; the art donors benefit from the publicity that they are accorded with while the bidders benefit from the quality pieces of artworks and finally the organizers generate revenue after the sales have taken place.

Basically for an auction to become proficient and effectual the mutual cohesion of the buyers, the artists and the planners is needed. Many fundraiser tend to follow these steps; firstly the venue should be established which is seconded by the attainment of pieces of crafts, still in the series we have the production of the items list as well as that of buyers which is followed by the printing of the bid sheets and lastly setting a date is crucial.

When one is organizing this kind of an event then he or she should consider some elements first. These factors are basically known as the principles to be followed while setting up a fund raiser. In this list contains; Information the artists; artists must be told of the profit they are going to get, which is primarily the publicity. Also publishing guidelines which are used to guide the art donation process is essential, this is followed by the establishment of an updated catalogue carrying the information on artists plus that of their artworks.

Another key element to be followed is, getting a suitable auction house which is followed by setting a great seating arrangement which makes sure that the top preferred bidders get the best seats. The management is also expected to hire qualified auctioneers with adequate experience of doing fundraising auctions.

The art arrangement is very crucial as it is clearly known, that the artwork display subsequently affects the bidding on it. If the surroundings are favorable then a piece of artwork gets higher bidding and if the opposite happens then it gets low bids. It is elementary to have perfect information on the artist and their artwork; the organizers should ensure that the bidders can readily access this information at will. Having this information boosts the confidence of bidders which leads to higher bids.

However there are some things that should be avoided while setting an auction. Initially, artists are warned against overstating the worth of their artworks; they are expected to provide the normal prices in which they sale their artworks. Secondly the organizer is warned against hiring non eloquent auctioneers who in turn lack a sense of humor. Auctioneers are expected to use short statements but attractive ones.

Disposing by artists is not advisable; artists are expected to present their best pieces of artwork. This should be done because some of the knowledgeable bidders can easily tell when the artist is contented which their presentations or not, consequently this could lead to low bids.

In a nut shell fundraisers are very crucial, they are very effective at the collection fund and the mostly rely on the combined efforts of the participants mainly the artists, bidders and organizers.




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