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NEW 22 New at Koller: ibid online only auctions Click here for art Koller has been conducting successful auctions for 60 years, and during this time we have witnessed many developments in the art market. In recent years the Internet has played an ever greater role in many people’s daily lives, both as a source of infor- mation and as a sales channel. The popularity of e-commerce offers considerable opportu- nities for the future of auctions, benefitting both our consignors and our increasingly global clientele. The volume of online art trans- actions worldwide is estimated to be several billion dollars a year. Younger “digi- tal native” collectors in particular readily participate in ex- clusively online auctions, as they are used to vir- tual markets. Our new online only auctions with the “ibid online only” label allow collec- tors to place their bids over the Internet during a peri- od of approximately two weeks, around the clock and from almost anywhere in the world. This type of plat- form is especially well-suited to decorative artworks from all periods in the lower to middle market. On the Koller website, all “ibid online only” auctions are identified with an icon. A detailed, fully researched de- scription accompanies each lot, along with high-res- olution images, so that viewers can obtain a realistic impression of the objects. Bidders who wish to view items in person in our saleroom can do so; the preview dates are indicated next to each item. With the convenient option “my catalogue”, users can group together selected items in order to bid on them later, or to keep an eye on their progress during the auction. If someone bids during the final 30 seconds before a lot closes, the bidding will be extended for an additional minute, allowing other bidders to continue to participate. In this way, the online bidding will close- ly resemble a classic saleroom auction. Successful bidders will receive invoices by email at the end of the auc- tion; payments can be made by credit card or bank trans- fer. Koller is proud to announce this de- velopment, which promises to become an exciting comple- ment to our classic saleroom auctions.