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<p>[QUOTE=&quot;MrNate, post: 277556, member: 5515&quot;]Thanks SBSVC! I&#039;ve actually been thinking a lot about that question. One thing I know for sure, is since the art gallery which is taking it to auction receives a percentage commission based on the total sale, they are incentivized to get a higher price. I plan to speak with them on the phone after the shipment arrives to better understand the auction process. I know that some auctioneers will start out with a reasonable auction price to get the bidding started (i.e. rather than starting at zero, perhaps they open the bidding at $500). I&#039;m going to see what the art gallery recommends between reserve or no reserve.</p><p><br /></p><p>Personally, I think that no reserve might be the best way to inspire competition at an auction. This assumes there are a fair number of people who would compete for the artwork. As it sits right now, I have a total of $70 invested ($11 for the painting and the rest for shipping it to Texas) so I&#039;m not all too concerned about how big the sale is. That was long winded, but essentially I think I will yield to the advice of the art gallery. They have managed to sell 11 similar works (one item they sold was WAY higher) and of the 11 they have sold in the past, the lowest they received was $900 and highest was $4750 so whatever they recommend I will agree with.[/QUOTE]</p><p><br /></p>

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