About Our Auction
Guide for Prospective Buyers:
CURATOR’S PREVIEW - Champagne Vernissage, Friday, May 6th at 6pm
Items may be sold at Fair Market Value (FMV) during this event. Sold items will be marked by a red dot in the gallery and noted as sold online.
Starting Bid: All lots are subject to reserves which is the minimum starting bid. The reserve is approximately 60% of the assessed Fair Market Value (FMV).
Proxy Bids: This allows you to enter the maximum amount you're willing to spend with the goal of winning the item at the lowest possible price. Enter your maximum bid amount and the system will bid for you as additional bids are entered on the item. To enter a proxy bid, enter your maximum bid amount, click the Proxy Bid button, and then submit your bid.
Buyer's premium: All starting bids include a buyer’s premium of 5% of the FMV which helps us cover auction/exhibition costs.
Fair Market Value: Fair Market Value (FMV) is the value at which an object changes hands between a willing buyer and a willing seller, acting independently of each other, neither being under any compulsion to buy or sell and both having reasonable knowledge of the relevant facts.
Bids Exceeding FMV: Bidders who pay 25% more than the assessed FMV are eligible for a Charitable Tax Receipt for the amount above the FMV. This applies only to artworks and experience items. We are unable to issue tax receipts for services and vouchers.
Artist Payment: For every AOTB, artists generously, and voluntarily, donate their artwork. Artists will receive 30% of the total winning bid amount and/or a charitable tax receipt for their donation.
Winning Bids: Winners will be notified by email and asked to complete payment in the online auction site by noon on Monday, May 9th.
Guests must pick up or receive items on Wednesday, May 11th (9:30am-4pm) and Thursday, May 12th (9:30am-6:30pm): Either by delivery (additional costs) or by picking up in-person at the AGA.
About Art Gallery of Alberta
The Art Gallery of Alberta, founded in 1924, is both the oldest cultural institution in Alberta and a non-governmental charitable organization. We are also the only museum exclusively dedicated to the presentation and preservation of visual arts in Alberta.
Since 1924, the AGA has worked to enrich people's lives through dynamic exhibitions and education programs. When you donate to the AGA, you are supporting a central gathering place for all Albertans to learn, explore and practice art. Moreover, you are helping to create opportunities for both established and emerging artists, who make us proud to live and work in Alberta.