Oliver Barker, Sotheby's European Chairman, fields bids for Andy Warhol's "Self Portrait" from 1963-64, during the Contemporary Art Evening Auction at Sotheby's on June 28, 2017 in London, England.
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How do art auctions really work?
From the lead up to the sale to the moment the hammer comes down, former CEO of Christie's and art adviser Steven Murphy explains what happens at an auction.
03:09 - Source: CNN
Art around the world 39 videos
Oliver Barker, Sotheby's European Chairman, fields bids for Andy Warhol's "Self Portrait" from 1963-64, during the Contemporary Art Evening Auction at Sotheby's on June 28, 2017 in London, England.
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How do art auctions really work?
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This picture taken on March 1, 2018 shows Yuichi Hirose, a craftsman who dyes white fabrics with meticulously hand-cut stencils for a kimono, working at a century-old workshop in Tokyo. - Once a standard of the Japanese wardrobe, the kimono is now often a garment reserved for special occasions, such as weddings and coming-of-age ceremonies, and is mostly worn by women. (Photo by Kazuhiro NOGI / AFP) (Photo credit should read KAZUHIRO NOGI/AFP/Getty Images)
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Artist Lemi Ghariokwu, known for the cover images he created for the recordings of Nigerian musician Fela Kuti, in his studio.
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Gallery staff take photos on their phones of the painting by Carel Fabritius 'The Goldfinch' at the Scottish National Gallery on November 3, 2016.
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Christie's employees pose in front of a painting entitled Salvator Mundi by Italian polymath Leonardo da Vinci at a photocall at Christie's auction house in central London on October 22, 2017 ahead of its sale at Christie's New York on November 15, 2017.
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ZINTAN, LIBYA - JULY 14: Omar, 26, sits in the car he drove to the front lines during last yearÕs Libyan uprising. He refuses to fix his windshield Òthe sniperÕs round went past my headÉ This car took care of me, so I canÕt change it.Ó But more than anything the windshield is a constant reminder to Omar of the life he took and the friends he lost. ÒThe first time I killed É It was him or me. For three days after I cried and mumbled and thought I went crazy. Ó (Photograph by Benjamin Lowy/Reportage by Getty Images for The Magnum Emergency Fund)
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An Iraqi woman walks through a plume of smoke rising from a massive fire at a liquid gas factory as she searches for her husband in the vicinity of the fire in Basra, Iraq, May 26, 2003. The fire was allegedly started by looters picking through the factory, and residents in the vicinity feared the explosion of the four liquid gas tanks on the premisis. Weeks after the end of the war, looting continues to be one of the main problems for both Basra and Bagdad cities as coalition forces struggle to get life back to normal.
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Cai Guo-Qiang: The artist who 'paints' with explosives
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