{"id":14946,"date":"2017-01-09T09:00:45","date_gmt":"2017-01-09T14:00:45","guid":{"rendered":"http:\/\/www.Centives.net\/S\/?p=14946"},"modified":"2017-01-08T20:25:10","modified_gmt":"2017-01-09T01:25:10","slug":"perhaps-you-shouldnt-buy-artwork-on-a-cruise","status":"publish","type":"post","link":"https:\/\/www.Centives.net\/S\/2017\/perhaps-you-shouldnt-buy-artwork-on-a-cruise\/","title":{"rendered":"Perhaps You Shouldn\u2019t Buy Artwork On A Cruise"},"content":{"rendered":"<p style=\"text-align: center;\"><img loading=\"lazy\" decoding=\"async\" class=\"\" src=\"http:\/\/www.Centives.net\/S\/wp-content\/uploads\/2017\/01\/010917_0120_PerhapsYouS1.jpg\" alt=\"\" width=\"640\" height=\"480\" \/><\/p>\n<p>Park West is a firm that holds art auctions on cruises, earning as much as $400 million a year. Vernon Silver somehow convinced his editors to pay for a ticket on a ship so he could observe the auction:<\/p>\n<ul>\n<li>Wi-fi onboard ships can be unreliable making it difficult to validate the price quotes that auctioneers offer on a boat.<\/li>\n<li>The organizers also make sure they supply bidders with plenty of alcohol as they hold up their cards.<\/li>\n<li>Attendants will identify high-spenders and sit with them, offering off the record &#8220;tips&#8221; about smart buys.<\/li>\n<li>Bidders don&#8217;t take the art off the boat themselves. Instead Park West will mail to them the pieces that they bid on.<\/li>\n<li>What customers may not be aware is that Park West pieces are mass-produced, and the art they see on the ship is illustrative \u2013 what they end up getting might not be a perfect replica of what they bid on.<\/li>\n<li>This leads to some shady tactics. In one bidding cycle the auctioneer asked which participants would be willing to pay $5 for a piece of work \u2013 with everybody putting their paddles up. The auctioneer progressed to $70, where eight paddles remained aloft, and then abruptly ended bidding.<\/li>\n<li>Park West had just earned $560 selling multiple replicas of the same art. Bidders later confessed that they thought only one person would win \u2013 giving them more of an opportunity to think about putting down their paddles.<\/li>\n<li>Park West, for its part, defends itself by claiming that it has a 40-day refund policy and a 40-month exchange policy.<\/li>\n<\/ul>\n<p>Silver&#8217;s firsthand account of the auction is fascinating and worth a read. Find it on <a href=\"https:\/\/www.bloomberg.com\/news\/features\/2016-12-14\/ever-bought-artwork-on-a-cruise-prepare-to-be-seasick\">Bloomberg<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Park West is a firm that holds art auctions on cruises, earning as much as $400 million a year. Vernon Silver somehow convinced his editors to pay for a ticket on a ship so he could observe the auction: Wi-fi onboard ships can be unreliable making it difficult to validate the price quotes that auctioneers [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":14945,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-14946","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily-bulletin"],"jetpack_featured_media_url":"https:\/\/www.Centives.net\/S\/wp-content\/uploads\/2017\/01\/010917_0120_PerhapsYouS1.jpg","_links":{"self":[{"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts\/14946","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/comments?post=14946"}],"version-history":[{"count":3,"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts\/14946\/revisions"}],"predecessor-version":[{"id":14951,"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts\/14946\/revisions\/14951"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/media\/14945"}],"wp:attachment":[{"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/media?parent=14946"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/categories?post=14946"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/tags?post=14946"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}