Opinion: What an Auction Means to the Artists

Street Art // Monday, October 29, 2012
Tonight, October 29, 2012, Bonhams is hosting the first ever Los Angeles Urban Art auction. The artwork is sourced from owners who go into a consignment agreement with Bonhams. Once the piece is auctioned off, Bonhams and the previous owner share the profit. Auctions have been a part of the overall art market for a long time and some feel they are just a necessary aspect of the business...

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