California Art Company purchases, consigns and consults for sale, California and American paintings by well listed artists with a secondary market auction history.

 

We can consult with you to determine your best sale alternative.

 

California Art Company offers:
 

  • Cash purchases with immediate payment.
     

  • Private sale consignment.  Selling to one of our existing clients.
     

  • Public sale consignment.  Marketing your painting to our established clients, on our website, social media and email marketing campaign.
     

  • Auction consultation and sale at public auction.

How to Submit Artworks to California Art Company

 

Please email the following information to greg@californiaartcompany.com.
 

1.  Photos of the front and back and close ups of anything significant to the artwork such as back labels, areas needing restoration, etc.  Best size for photos is 1MB or greater.

 

2.  Please state if you are the owner of the artwork and where you acquired the painting from.

 

3.  The condition of the artwork.

 

4.  Price you would like to sell the artwork for.

 

5.  Location you will be shipping from (if not delivering in person).

 

 

Please keep in mind we cannot determine if we are interested in purchasing a painting or artwork without:

 

1.  Seeing the artwork in person or at a minimum seeing quality photos and knowing the condition.

 

2.  Knowing what price you would like to sell the artwork for.

 

3.  Knowing your preferred method of payment, time frame to sell and delivery or shipping logistics.


Frequently asked questions

Q: Can you tell me the value of our painting, we do not know what it is worth or "make us an offer"

A: California Art Company does not provide appraisals. Requesting a dealer
whom is also advertising that they purchase artworks or "provides free appraisals" to appraise your artwork can be a slippery slope.  Most dealers are ethical and honest but what if you contact one that is not?  Do you want to trust a potential buyer in a mostly unregulated industry to also provide you with their opinion of what your painting is worth? Unfortunately there is a bit of a conflict of interest with the dealer/buyer appraiser scenario.  Dealers often get put into that scenario when potential sellers shop a painting around to many dealers stating they do not know what the artwork is worth and requesting the dealers, "to make an offer".


Q:  How can I determine what my painting or artwork is worth?

A:  Determining an artworks value is usually a challenge for everyone and the word "value" can have several definitions or meanings such as "wholesale value", "retail value", "reported auction hammer price", "reported auction price realized" or "auction sales price" and appraisal value for insurance purposes.  Often times seasoned appraisers and auctioneers values are not defining the same type of value and the values can and often do vary.  An estimated value is typically an educated guess meaning that unless it's a verified and reported sales price by a reputable company it's really just an educated guess.  One of a kind fine art is not identically comparable and art collectors demand can be extremely unpredictable at any point in time, therefore the real value can easily come down to what someone will pay for the artwork at a specific point in time.

To determine an estimate of value for what your artwork might be worth or to get an estimate of potential immediate "net sale" value (not "insurance value" or "retail value"), California Art Company recommends hiring a professional appraiser who is familiar with your style of artwork and the artist and is also an unbiased appraiser with regards to what price you may receive if you decide to sell the artwork.  You will have to pay for an accurate and unbiased appraisal.

If you think maybe your artwork's value does not justify you paying for an appraisal or you simply do not want to pay for a professional unbiased appraisal then you have some additional options: You can self appraise your painting or you can submit your painting to a public auction house for their estimated range of value.


Q: How can I self appraise my painting?

A:  California Art Company does not always advise everyone to self appraise their artwork but if you are going to self appraise your artwork here is our best advice.

We recommend searching the internet for the website www.askART.com where you can search for your artists most recent auction sales prices. In addition to viewing the reported sales prices on www.askART.com you will have to educate yourself on some auction terminology to understand what the various reported prices mean for you as a seller.

Once you search for your artist in the search box at www.askART.com. You can find some introductory information for free but to obtain the artist's auction sale records you will need to subscribe for (at least) the minimum term of 24 hours for $14.95.

Once you have subscribed to 
www.askART.com you will need to pay particular attention to always look at the most recent sale dates and only consider sales comparables similar in size and scene quality to your artwork.  Please note that price variables such the artworks quality, condition, provenance and framing may not be recognizable on www.askART.com.  These variables can have a price effect on the comparables you are viewing.  Without specific industry expertise or first hand auction research you may not be able to ascertain an accurate valuation by just looking at the comparable sales on www.askART.com but hopefully you can get a general idea?  In addition, auction prices can be skewed higher or lower for a particular painting sold at auction due to the auction house's market share and experience with the artist and the auction house's geographic location.

Understanding the price an artwork sold for at auction and what the seller's "Net Proceeds" are or how much the seller actually received can be a bit confusing for a first time seller of artwork.   Understanding some auction terminology such "Hammer Price" vs. "Price Realized" and the "Consignment Fee", "Buyer's Premium" and "Seller's Net Proceeds" are all terms a seller considering selling at auction or researching auction sales prices needs to understand.  Listed below is a brief summary of the terms mentioned.

"Hammer Price" is the price the auctioneer announces the artwork sold for, however this does not include the "Buyer's Premium" (typically 25 percent).

"Buyer's Premium" is an amount the auction house charges the buyer. This amount is added to the announced "Hammer Price" when the buyer pays for the artwork.

"Price Realized" is the "Hammer Price" plus the "Buyer's Premium".

"Consignment Fee(s)" are the fees the auction house charges the seller to sell the artwork. These fees can have a wide range and usually depend on the value of the artwork and can typically range from ten percent to thirty percent.  Additional fees added to the "Consignment Fee" are fees for photography and insurance.

"Seller's Net Proceeds" is the amount the seller receives from the sale of an artwork at auction after paying the auction house's "Consignment Fees".  This is the amount the seller receives from subtracting the "Consignment Fee(s)" from the "Hammer Price" ("Seller Net Proceeds" do not include the "Buyer's Premium").

Once you have an assumption for what artworks most similar to yours sold for at public auction you need to subtract the auction selling costs and fees to arrive at what the "Seller's Net Proceeds" value would be and or what you could actually receive monetarily for the sale of your painting.

 

On the www.askART.com website the two asterisks following the words "Sale Price**" refer to the "Price Realized" which does include the "Buyer's Premium".  If you do not see the double asterisks ** and see the words, "Hammer Price*" this is the price before the "Buyer's Premium".  Assuming you are viewing a reported value defined as "Sales Price**", you can arrive at the "Seller's Net Proceeds" by deducting the "Buyer's Premium" (25 percent is most common) and the "Consignment Fee" of ten to thirty-five percent.  Most seller's receive around 50% to 65% percent of the "Sales Price**" from a sale at public auction. 

If you would like to receive an estimate of value for what your painting may sell for at public auction you can email photos and information of your painting to the public auction house of your choice and they will typically provide you with estimates and let you know if they are willing to accept your painting for one of their upcoming auction sales.

(818) 398-7363
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