ArtYard invites you to bring your eccentric, extraordinary art and objects to the ArtYard gallery on Sunday, June 30th from 1 PM to 4 PM for free opinions of value from Rago Auctions. In addition to work by outsider and self-taught artists, Rago’s Miriam Tucker and Marion Harris will evaluate objects ranging from artist’s articulated mannequins to automata, from botanical and scientific models to sideshow and carnival items, from the erotic to the spiritual – all for potential inclusion in an October 2019 auction. Make an appointment in advance with Sam Grillo at email@example.com or just walk-in with up to 3 pieces of property per person or 4 pieces per couple. Rago will do its very best to accommodate all. Rago has sold many wonderful pieces brought to its open appraisal events, much to the delight of the owners. If you do choose to sell a piece of property appraised at ArtYard, Rago will share a percentage of its commission with Artyard as a thank you. If you have questions, or if you’d like to send photos rather than attend the event, email Miriam Tucker at firstname.lastname@example.org.
FAQ FOR ARTYARD-RAGO CONSIGNMENT EVENT
June 30, 2019, from 11- 4 pm
ABOUT RAGO AUCTIONS
Rago is a leading U.S. auction house with nearly $34 million in annual sales. An internationally known venue through which to buy and sell, it works with thousands of sellers and buyers yearly, emphasizing personal service and competitive commissions for single pieces, collections and estates. Rago’s expertise encompasses 20th/21st-century design; fine and outsider art; American, European, English and Asian decorative arts and furnishings; fine jewelry and coins/currency. It is located midway between Philadelphia and New York in Lambertville, NJ, with satellite offices in Westchester/Connecticut.
WHAT TYPE OF PROPERTY IS RAGO LOOKING FOR AT ARTYARD?
Rago is in search of outsider and self-taught art by, among others James Castle, William Edmondson, Minnie Evans, Howard Finster, Madge Gill, Lee Godie, William Hawkins, Morris Hirshfield, Lonnie Holley, Clementine Hunter, Martín Ramírez, Royal Robertson, Jon Serl, Bill Traylor, George Widener, Adolf Wölfli and Purvis Young. It also wants your uncommon objects, including articulated mannequins, sideshow and carnival figures and signage, automata, scientific/botanical models, Victorian taxidermy, spiritual/mystical art and objects, and amusing erotica. All the property consigned will be included in Rago’s Curiouser and Curiouser Auction on October 22, 2019.
HOW DOES ARTYARD BENEFIT?
Rago will donate back 1/3 of its commission to Artyard. Consignors can also choose to donate 100% of their own proceeds to Artyard and take a tax deduction for the sale. Rago’s Appraisal Services department would be glad to advise about this.
WHAT CAN I EXPECT TO LEARN FROM THE RAGO SPECIALISTS AT ARTYARD?
Upon review, Rago’s specialists will tell you whatever they can about your property. This can include their opinion as to the artist who made it, the country of origin, the date it was made, the media, etc. They will also provide an opinion about the selling price for your property at auction in the current market. (This is known as fair market value.)
HOW DOES RAGO DECIDE WHAT TO ACCEPT FOR AUCTION?
Rago is looking for property (as above) in good condition that it believes will attract multiple buyers and sell for $1,000 or more.
If the specialist thinks your property is right for the Curiouser and Curiouser auction, she will ask if you’d like to consign. To consign you and specialist need to agree on:
1. The reserve: The opening bid. If no one bids at least the reserve, Rago will not sell. The reserve is usually 50-70% of the low estimate.
2. The auction estimate: A broad range that provides the auction house’s opinion of the most likely selling price. For example: $2,000 – 4,000.
3. Seller’s commission: The auction house makes its money by charging a percentage of the selling price to the buyer (known as the buyer’s premium) and taking a percentage of the price from the seller, known as the seller’s commission. The seller’s commission Rago requests will vary depending on the value and desirability of the consignment. Most sellers pay between 10% and 16%, retaining 84-90% of value. The seller’s commission covers Rago’s expenses for bringing the property to market, including all marketing, photography and insurance coverage.
4. Sign a Consignment Agreement.
HOW SHOULD I GET MY PROPERTY TO RAGO IF I CAN’T DROP IT OFF MYSELF?
The preferred method of shipping depends upon the type of property you are consigning. Rago recommends you work with its shipping department, whose professionals will give you the best possible advice. In general, it is usually preferable and less expensive to ship small pieces via a common carrier such as UPS than to have a truck make a special stop. Larger items are usually delivered by truck.
HOW DO PEOPLE FIND OUT ABOUT THE AUCTION?
Rago will send photos and descriptions of all the property in the Curiouser and Curiouser auction to an international audience of over 18 million potential bidders on multiple websites. It will feature the property nationally and internationally in online and print media and promote it in targeted emails to likely bidders and buyers from its database of over 40,000 buyers.
WHO WILL BE MY CONTACT PERSON AT RAGO?
Your main contact will be the specialist who took in your consignment for auction. If you receive paperwork and have questions, before or after the auction, ask for the specialist’s assistant, known as a cataloguer.
WHEN WILL I RECEIVE MY MONEY FROM THE AUCTION?
Checks are mailed 45 calendar days after the auction.
WHAT HAPPENS IF MY PROPERTY DOESN’T SELL?
When property does not sell during a live auction, Rago offers it for two weeks online for a price equal to your reserve plus the buyer’s premium. After two weeks, if the property still has not sold, Rago will contact you regarding return of your property or the possibility of re-offering it in a subsequent sale.