Seventh annual art auction raises thousands for local art museum
By: Raquel Orellana
Staff Reporter
Last Thursday night, the art museum,
MARTE, hosted its annual art auction,
SUMARTE. The auction is the museum’s largest fundraiser, and it is considered by local art lovers to be a good opportunity to buy art. During more than three hours, about 200 aficionados used their paddles to bid for their favorite works of art, from the
88 that were auctioned.
The Museum has not disclosed the amount of funds raised. However, most pieces that were publicly auctioned, were bought for more than their asking prices. The event included pieces with estimate worths of (or asking prices) between US$400 to US$10,000. The sum of all the asking prices was about US$300,000.
“The auction is a great opportunity for new artists to make their work known, for art collectors to buy exquisite art at good prices, and for the Museum to raise funds for its maintenance” said Regina Cabrero, a member of the SUMARTE organizing committee. “Additionally, being a highly visible event, it supports MARTE’s mission to disseminate the country’s artistic patrimony.”
Although the organizers said they would have liked to see greater attendance, they said they were glad that a significant number of bidders and even buyers were younger than they have been other years. “This is comforting because it means that a new generation of collectors is emerging,” Cabrero said.
There were also many new and young faces among the participating artists. For up-and-coming artists in the past, the auction has been an opportunity to make their debut and launch their artistic careers. “The event provides a space for young artists to participate and present their work,” comments Roxana de Perez, art historian and expert. “It opens for them a door into the artistic world, which would otherwise be very difficult to enter”.
Among these artists, seven receive awards that add to their recognition and increases the value of their work. This year’s winners were:
The awards are conferred by three international judges who evaluate technique and conceptual value. The organizing committee selected three artists, that they consider reputable, to do the job:
Adán Valencillos* (Honduran),
Clara Astiasarán* (Cuban), and
Jorge Palomo* (El Salvador).
“I’ve wanted to purchase my next piece for a while, but I decided to wait for the Auction,” mentions David Bloch, a relatively new collector. “I’m glad I did, I bought a much better piece than I would have elsewhere”.
Cabrero mentioned that SUMARTE has become essential for the museum's continuation. The museum has three sources of income: personal and corporate donations, visitor tickets, and fundraisers. "The Auction is by far the largest fundraiser of the year", said Cabrero, "which has become an annual tradition". While funds from donations and tickets are used for the museums maintenance and administration, the money raised through fundraisers is mostly used to fund educational programs at the Museum. The Museum hosts guided tours for school children, organizes art workshops for teachers, weekend workshops for children, conferences, and other events. The funding needs are significant, but these projects they are an effective magnet to attract visitors, said Cabrero.
“The plan is to continue with this tradition, aiming to maintain the quality and prestige of the of the auction year after year,” explained Cabrero.
Selecting the Artwork to be Auctioned
Organizers know that SUMARTE has an important impact on Marte’s reputation. Therefore, much time is dedicated to the selection of the art that will be auctioned. The selection process of the eighty-eight pieces varies depending on which of the three categories they are in:
- Selected Artists – Usually new or up-coming artists who voluntarily submit their art to be considered for the auction. Their work is then evaluated by three international judges who select those that will be auctioned.
- Committee Nominees – Artists who’s art has been deemed worthy of participating by the SUMARTE organizing committee. Their artists are not subject to the judges’ evaluation.
- Guest Artists – Renown artists who are personally invited to participate.
Artists are national and international and they donate a portion of the selling price to the museum.
The Mechanics of an Auction
SUMARTE is a English, or ascending price, auction, which involves the following steps:
- The selected art is exhibited at the Museum during two weeks, for the public to see.
- A few days before the event, the organizing committee distributes the list of asking prices.
- On the night of the event, each participant receives a paddle with an identifying number.
- During the auction, the public sits silently with their paddles ready to raise them when the auctioneer brings out the pieces of their choice.
- The bidding for each piece begins at the asking price and it is called out in increments of one hundred.
- After each price announcement, people willing to pay it raise their paddles.
- When the price is high enough that only one paddle is raised, that person takes the piece.
- People who are not able to attend, can participate through absentee bidding for which they indicate the highest price they are willing to pay and someone else represents them.
* Only Spanish version available.
** Fair market value refers to the estimated price for which a piece would be sold in an art gallery or for which comparable artworks have been sold.