Auction Description
The 43rd California Cool Annual Art Auction is a far-reaching online benefit auction that begins on February 15th and culminates in a star-studded live auction and event on March 1st. All artworks can be viewed in our galleries now. Funds raised support the museum's education initiatives for children and adults throughout the year.
For over four decades the Art Auction supports the broader arts community by celebrating the dynamism between the artistic, collecting, philanthropic and creative community. Always a sell-out party, guests come dressed to impress and mix and mingle with leading and emerging artists who generously donate their artwork to support the museum. Flowing specialty cocktails provided by Nolet’s and gourmet appetizers by West Coast Event Productions to keep spirits high throughout four galleries of artworks sure to appeal to first-time and seasoned art collectors alike.
A highlight of the evening is our live auction and paddle-raise led by the always entertaining auctioneer Zack Krone. A competitive silent auction hosted on Bidsquare allows for in-room or remote bidding no matter where you are.
Join in the fun by purchasing your tickets today at https://lagunaartmuseum.org/art-auction
Buyer's Premium
| Start | Premium(%) |
|---|---|
| No Buyer's Premium | |
Bid Increments
| Start | Increments ($) |
|---|---|
| $0 | $25 |
| $500 | $50 |
| $1,000 | $100 |
| $2,000 | $250 |
| $5,000 | $500 |
| $10,000 | $1,000 |
| $20,000 | $2,500 |
| $50,000 | $5,000 |
| $100,000 | $10,000 |
| $200,000 | $25,000 |
| $500,000 | $50,000 |
| $1,000,000 | $100,000 |
Shipping
Shipping + Insurance
Artwork will not be made available for pick up or delivery unless or until the Museum receives in clear funds all amounts payable to it.
With notice to Museum, you may elect to pick up the Artwork from the Museum’s main address at 307 Cliff Drive beginning Monday, March 3rd . Please call 949 494-8971 or artauction@lagunaartmuseum.org to schedule pick up.
Artworks remaining at Museum after March 9th that have not been arranged for pick will be sent to Elite Art Enterprises, LLC in the Los Angeles area to assist with delivery, installation, crating, shipping, storage or any other needs you might have in regard to transportation of your newly acquired artworks. Fees for the above services are set and collected by Elite Art Enterprises, LLC.
You can also arrange to collect the work from them directly at the following address.
Elite Art Enterprises, LLC
6321 Chalet Drive
Commerce, CA 90040
O: (562) 319-8060
If you fail to make arrangements to retrieve artwork either by pick up or delivery after fifteen (15) business days of the Fall of the Hammer, the Museum will be entitled to exercise remedies available under the law.
Insurance: Once the hammer falls, the risk associated with the artwork is transferred to the buyer. Hence, the buyer is solely responsible for arranging insurance coverage for the artwork. The Museum does not provide transit insurance for artworks sold through auctions. If you request delivery of the artwork, the Museum will not be responsible for any loss or damage caused during transit.
Terms & Conditions
Conditions of Sale
Live auction winning bids and paddle raise contributions will be collected by Laguna Art Museum. Payment for winning bids and paddle raise donations are due at end of March 1st event and no later than Monday, March 3rd, 2025, by check or credit card.
Silent auction winning bidders will be invoiced by the 3rd of March. Payment may be made by cash, check or credit card in person when prior to or when picking up artwork.
Remedies for non-payment: If the Buyer fails to make payment per Payment Terms when due, the Museum is entitled to exercise one or more of the following rights or remedies (in addition to asserting any other rights or remedies available under the law):
(a) to hold the Buyer liable for the total amount due and to commence legal proceedings for recovery along with interest, legal fees and costs;
(b) to cancel the sale;
(c) to reject at a future auction held by the Museum any bids made by or on behalf of the Buyer or to require the Buyer to pay a deposit before accepting any future bids; and/or
(d) to take such other action as the Museum deems necessary or appropriate.
(e) to offer the artwork to the backup bidder after 2 days of non-response to Payment Terms.
If the Museum does sell the Artwork per this clause, then the defaulting Buyer will be liable to the Museum for the payment of any difference between the Hammer Price originally payable and the Sale Price obtained upon sale to the backup-bidder, as well as any Fees (commissions and Buyer’s premiums) that the Museum would have received on the original sale and all costs, expenses, damages and legal fees incurred by Laguna Art Museum or the Seller or the Seller’s Affiliate as a result of the Buyer’s default.
If the Museum chooses to pay any amount to the Seller, up to the net proceeds that the Seller would have received from the Hammer Price, which the defaulting Buyer failed to pay, the Museum will have all the rights of the Seller to pursue the Buyer for that amount, regardless of the reason.
Proceeds to LAM
All proceeds from the sale provide funding for Laguna Art Museum after applicable commission to the donating artist and any Buyer’s Premiums deducted.
Buyer’s Premium + Credit Card Fees
A 1% Buyer’s Premium will be applied to all sold lots on Laguna Art Museum’s cloud Bidsquare site found at artauction.lagunaartmuseum.org while buyer’s accessing auction directly through Bidsquare.com will be charged a 4% Buyer’s Premium for each lot sold.
Laguna Art Museum will apply a 4% credit card fee to all lots sold.
Sales Tax Information
As required by law, we collect sales tax for orders shipping to certain states in the U.S. and countries where applicable. The sales tax rate varies based on the destination of the order. Below are the details of how sales tax is applied:
California Sales Tax: For orders shipping to California, we collect 7.75%
Sales Tax in Other U.S. States: We are required to collect sales tax for orders shipped to states where we have a sales tax obligation. The tax rate is based on the destination state's applicable sales tax laws and may vary depending on the city or county.
International Sales Tax (VAT, GST, etc.): For international orders, applicable sales tax (e.g., VAT, GST) may be collected based on the destination country's laws. Customers are responsible for any additional customs duties, taxes, or fees imposed by
© Laguna Art Museum. All Rights Reserved.
