America has a love affair with art and art auctions are a time-honored way to buy. Whether you are a new buyer or seller or you've been collecting or selling for years, there's always something new to learn and the markets do fluctuate depending on demand. The bottom line is...do your homework. Use books on art and artists, web sites and conversations with sellers and fellow art buyers to undertand what you are bidding on. Be sure to read documentation offered and terms involved before bidding.
If you are considering buying or selling art at auction, a professional auctioneer can offer valuable advice. Auctionservices.com has created an Auction Community that is free and open to the public. Members include professional auctioneers who can answer your questions.