Tag Archives: expensive

Art Auction: A Better Way to Collect Art

Have you ever dreamed of owning a piece of fine art but felt that it was out of reach financially? An art auction may be the answer to your dreams! Art auctions are an excellent way to purchase original artworks without breaking the bank. With the right approach, art auctions can be a great way to build a collection of art and save money.

The benefits of an art auction

For those who are looking to add to their art collection or simply just want to try something new, art auctions can be an excellent way to obtain art. Art auctions offer a unique opportunity to purchase artwork from all over the world at competitive prices. With a broad selection of works to choose from, they provide an exciting and engaging experience. 

One of the main advantages of attending an art auction is that buyers have the chance to buy authentic artwork without the risk of buying a counterfeit piece. This can save buyers both money and time since they don’t need to worry about being scammed by an online seller. 

Auctions also provide an opportunity for the buyer to get to know the artist and their work, as well as to discuss any questions with auctioneers or knowledgeable collectors. 

How to participate in an art auction

Attending an art auction is a great way to find unique and valuable pieces of art. But it can be intimidating if you’ve never attended one before. Here are some tips to help make sure your first experience at an art auction is a successful one. Before you attend the auction, take some time to research the artwork that is being offered. Learn about the artist and the piece you are interested in. Knowing what you are bidding on can help you make informed decisions during the auction.

The difference between an art auction and an online sale

Auctions and online sales both offer a great way for art collectors to purchase artwork, but there are some key differences between the two. An art auction is a live event where bidders compete in a competitive environment to purchase pieces of art. Bidding is fast-paced and participants must be willing to pay the highest price in order to secure the artwork they desire. 

Online sales are much different in that they are usually conducted over a longer period of time. Instead of a competitive environment, buyers have the opportunity to browse through the artwork and make their selections at their own pace. This allows buyers to take their time, research the piece, and evaluate whether it’s worth purchasing or not. 

Furthermore, buyers may be able to negotiate a lower price as they may not have to compete with other bidders. Another difference between an art auction and an online sale is that auctions are typically reserved for more expensive pieces of art, while online sales tend to feature more affordable artwork. As a result, those who want to purchase high-end artworks may find it more beneficial to attend an art auction than to purchase from an online store.

Silicon Valley Mansion May Set New Sales Record

California’s San Francisco Bay area is the United States’ most expensive real estate market, with a median home-sale price of USD$1.3 million (CAD$1.7 million). Toronto and the GTA (Greater Toronto Area) is Canada’s most expensive real estate market, with a median home-sale price of CAD$1.3 million (USD just under $1 million).

Unlike its southern neighbor Los Angeles, the pricey San Francisco mansions belong not to movie and TV stars but to the movers and shakers of the technology industry. The Bay Area boasts the country’s highest concentration of tech companies and tech jobs, earning the region the nickname “Silicon Valley” after the material used to make computer chips.

A home in San Francisco’s Pacific Heights neighborhood sold for USD$43.5 million (CAD$55.8 million) in 2021, which is the current record for the area’s biggest sticker price, but a new listing in the ultra-exclusive town of Woodside aims to shatter that record. Styled like an Italian villa, the spectacular compound has been listed for USD$110 million (CAD$141 million).

890 Mountain Home Rd-611-HDR-Edit LR
65 foot pool.

Sitting on over three acres of some of the most sought-after real estate in the world, the grounds feature a 65-foot pool with spa, an entertainment zone with an outdoor kitchen and fire pit, landscaped gardens that include fountains, a vineyard with more than forty olive trees and a rose garden with over one hundred roses as well as a private hiking trail. Nestled behind high-tech gates, the compound offers a 14,000-square-foot main home as well as a separate executive office and conference center, a fitness center/massage/hair salon building, and a two-bedroom guesthouse. 

890 Mountain Home Rd-755-HDR-Edit LR
Golf simulator? Check.

Retractable glass walls, French oak floors, and hand plastering on every surface complement rare Italian marbles inside the luxurious mansion. Crystal chandeliers and marble fireplaces feature throughout. The enormous main kitchen features two waterfall-wrapped islands, marble counters, top-of-the-line Wolf and Sub-Zero appliances, and custom-built-steel-and-glass cabinetry, while a separate chef’s kitchen offers extensive storage space plus a BlueStar range with two ovens. 

890 Mountain Home Rd-307-HDR-Edit LR
Master suite.

The primary suite is a work of art featuring a barrel-vaulted foyer with leather-front and glass-display cabinets that conceal a refrigerator and Miele laundry and a cathedral-beamed ceiling with chandelier. The sectionalized wardrobe room is couture-worthy. A two-sided Davinci fireplace is shared with the bathroom, which also has heated limestone floors and a marble bath for two. Each additional bedroom includes a customized walk-in closet, outside entrance, and en-suite marble bath.

890 Mountain Home Rd-683-HDR-Edit LR

Designed for the high-tech lifestyle, the home is controlled by state-of-the-art automated systems that take care of every need for comfort, convenience, and security from behind the scenes. The home’s fantastic amenities include an Atmos Dolby screening room, a golf simulator, indoor-and-outdoor lounges, and an epic wine salon for 6,000 bottles. 

890 Mountain Home Rd-354-HDR-Edit LR

Woodside is a small town with only 5,000 residents and a median home price above USD$5 million (CAD$6.4 million). Most residents are tech investors and innovators. Larry Ellison, founder of Oracle Corporation and the world’s tenth-richest man, lives down the street from the villa in a 23-acre, Japanese-themed estate. 

Known as an equestrian community, Woodside retains a rural residential character despite being only a short commute to Silicon Valley and Stanford University.

The town is ringed with nature preserves, including the Purisima Open Space and Skaggs Point. Options for entertainment include the Michelin-starred Village Pub and Bucks of Woodside, a famed hotspot for Silicon Valley’s most powerful, where many important venture capital deals have been signed.  The real estate listing is held by Scott Danser of Compass.  For the Silo, Genelle Brown/Top Ten Real Estate Deals dot com.

Photos : Paul Rollins