900 South Clinton Street | Chicago, IL 60607, USA
For many clients, buying and selling privately is an attractive alternative to the auction process. Private sales at SUSANIN’S are handled with the utmost discretion regardless of the auction calendar. Our specialists are available to offer advice should you wish to consider private sales.
As a consignor, why would I choose a private sale over an auction?
Buying and selling privately is ideal for our clients for whom privacy, flexibility and immediacy are paramount. SUSANIN’S network of prominent international collectors and museums coupled with our extensive market knowledge enables us to quickly identify appropriate buyers.
How long does the process take?
This depends on the specific needs of the parties involved, a private sale may be executed quickly or gradually. When you contact us as a consignor, we research and evaluate your property and begin our search for the appropriate buyer. Should you consign a work with SUSANIN’S for private sale, we would present you with an agreement outlining our exclusive right to offer the work for a specified period of time. We would then discreetly begin to offer the work to individual potential purchasers, one at a time, while keeping you informed on our progress.
Upon the successful sale of your property, SUSANIN’S would collect an agreed-upon commission.
If a private transaction is not completed, you retain the option of consigning your work to a subsequent SUSANIN’S auction.
Are private sales prices made public the way they are at an auction?
Every aspect of a private sale is kept in the strictest confidence.
All bidders and bidding information at Susanin’s is private and confidential. Susanin’s does not release private information pertaining to bids or bidders. The absentee bids placed with Susanin’s on our website show only the next bid increment not the top bid. We do not release bidder information to the seller or private parties.