There are more than 200 pieces of art for sale, in the DST Corporate Art Collection Art Auction, that is happening soon. Buying art for your home and collection through an art auction is one of the best ways to buy art. When you buy art at an auction you save the art gallery markup.
In 2018 SS&C Technologies acquired DST and part of that acquisition was the art collection from various buildings. SS&C Technologies has decided that now is the right time to offer the DST Corporate Art Collection for sale at auction. We are humbled, honored, and excited to be the auction company to sell their art collection.
There are more than 200 pieces of fine art for sale by a wide range of mainly Midwest Artists including many female artists. It is exciting to offer female artist’s work for sale. Some of those artists are:
Lisa Grossman, Mark English, Barbara Frets, Anthony Gude, Philomene Bennet, Wilbur Niewald, Jon Bidwell, Mac Whitney, R. Walkenhorst, Larry Elledge, Lisa Wharton-Johnston, Frederick Remington Bronze, Jill Dryer and dozens more.
Many of these works were commissioned specifically by DST and have never before been offered for sale. This is your opportunity to purchase fine art near you, by local artists, at prices you determine.
There are oil paintings, acrylics, watercolors, sculpture, and prints in this collection.
Buying art for your home and collection at auction is one of the best ways to buy great pieces of art at great prices. You determine if the painting you want is worth $50, $500, $5,000, more or less.
DST had a major positive influence on the arts during their time in Kansas City. Buying a piece of Kansas City Art from this collection will enhance your collection and your home.
This auction will be online Monday, June 21st at 5pm and will then be open for registration and early bidding. The auction will go live on Monday, July 5th at 7pm.
Bidding is pretty simple, particularly if you’ve bid in an online auction before, but here’s a quick rundown on some features that may be unfamiliar:
Live Auction
The auction doesn’t just end at 7pm on July 5th. Each lot in the auction is scheduled to close 20 seconds apart. For example, Lot 1 is scheduled to close at 7:00.00 pm central time. Lot 1a is scheduled to close at 7:00:20, Lot 2 is scheduled to close at 7:00:40, Lot 3 is scheduled to close at 7:01:00, Lot 4 is scheduled to close at 7:01:20. Bidders will still be bidding and it will feel much more like an in-person auction.
Soft Close
The auction software has a “soft close” feature so that if a lot is bid on in the final two minutes before that particular lot is scheduled to close, that lot extends for another two minutes. For example, say Lot 10 has one minute left before it closes and a bid is placed on it: Lot 10’s time will extend to three minutes. Then if Lot 10 ticks back down to thirty seconds remaining and another bid is placed, then Lot 10 will extend to two and a half minutes. As long as active bidding is occurring in that final two minute window, it will keep extending that lot’s time. This does not affect any other lots in the auction, just that particular lot.
High bids and maximum bids:
Bidders can place maximum bids which remain secret; the system will only bid up to the competitive bids and show that number as the high bid. For example, if your maximum bid is $100 and the next highest bidder’s maximum bid is $50, then you would be the high bidder at $55. If bids go past your maximum, you’ll be notified by email that you’ve been outbid and can then bid again if you choose. If two bidders happen to have the same maximum bid, then the first bidder at that value is the high bidder.
There is a 15% buyer’s premium on all winning bids