Auction house launches online-only art sales

Featuring more than 70 lots of paintings by listed American artists, New Hope Auction’s inaugural fine art auction will take place Sunday, May 5, 2013, beginning at 2 p.m. All lots are available for viewing online at www.newhopeauction.com and at www.liveauctioneers.com.

With presale values ranging from just $200 to $60,000, the selection should pique the

Oil on panel, signed, 20th century, measures 7 1/2 inches x 9 1/2 inches and is expected to fetch $500 to $600. (Photo courtesy New Hope Auctions)

Oil on panel, signed, 20th century, measures 7 1/2 inches x 9 1/2 inches and is expected to fetch $500 to $600. (Photo courtesy New Hope Auctions)

interest of a broad spectrum of art collectors.

New Hope Auction is an auction venue specializing in fine art, specifically American paintings. All auctions are held exclusively online without the competition of on-site or telephone bidding. Interested participants must register and place bids with online auction collaborator, Live Auctioneers, which allows for both live real-time online bidding and absentee bids.

By eliminating the additional expenses associated with hosting a venue-based auction, New Hope Auction is able to extend a low buyer’s premium to clients, as well as competitive estimates.

The firm’s 18 percent buyer’s premium (15 percent to New Hope Auction; 3 percent to Live Auctioneers) is lower than premiums paid to many traditional auction venues.

New Hope Auction offers a zero-commission structure to all consignors and holds biannual fine art auctions. For more information, visit www.newhopeauction.com.

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