Cruise Ship Art Auctions Scams
Here's a fun scam: buying art at auction on cruise ships. In one case, a woman paid $20,000 for what she thought were high-value Salvadore Dali, but when they got shipped to her, an independent appraiser told her they were worth maybe $700 each. The business is conducted on international waters, so there's no consumer protection laws to throw you a lifesaver. Consumerama says they're not even run under real auction rules, but are instead, "coordinated inebriated sales hysteria."
Cruise Ship Art Auctions: Disasters at Sea [Consumerama]
(Photo: jimg944)
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This certainly sounds like the art 'auction' I went to earlier this year. We had a 'Day at Sea' where there really wasn't anything interesting to do, so we attended. Fortunately, my wife and I have very sensitive BS-detectors, so we made no intent to buy and set a very low budget. So after all was said and done, we got some free Champagne, bought a very cheap piece to give away as a gift, and happened to win a freebie. But I can see how it would be easy to get hyped up in-the-moment and end up with some serious regrets later. Sailors Beware.
I used to work for the gallery that puts on these auctions. If you're looking at a Dali or Rembrandt, more often than not it's just a print signed by the artist. I'm not sure if they sail with originals of newer artists, but on a cruise ship, you're basically just buying a tarted up poster (some of which are printed at the gallery.)
The gallery has originals of new pieces (Tarkay, Fanch, Krasnyansky etc), but if you're a serious collector, are you really buying that stuff? Really? Most of it I wouldn't hang over a couch, let alone think it would increase in value.
No, no sour grapes. I left on good terms and enjoyed my time there.
There's a ton of information and case studies at:
[www.fineartregistry.com]
Actually, I used to think of the cruise ship auctions as "Don't be an idiot and you'll be fine." My first cruise I bought a few things, nothing over $100. At land or at sea, you can't get screwed if you buy what you like at a price you are comfortable with. My $60 print looks nice in my office and can't exactly be worth a whole lot less than I paid!
But as more and more horror stories come down, I get more and more concerned. I skipped the auction entirely on my last cruise. Even though I am not being screwed personally, patronizing them at all helps keep them afloat (pun intended). I just can't in good consicience attend those auctions anymore.
These days I stick with the "buy what you like at a price you can afford" mantra but I buy originals at local galleries. These are decorations, not my retirement fund.
Unless you've already maximized pretty much all of your other investment avenues, collecting art is an AWFUL investment strategy.
I am a recent cruiser who looked at the art and gave my wife a hard limit to spend ($50.00). Fortunately the one and only piece of interest started at $60.00.
Two little points.
a. You go on a cruise for a good time. If gloating about your imagined bargain is part of it.... Good for you! At least you are not running monkey fights.
b. Cheap tickets? Tickets are no longer cheap.
c. (Bonus point) Has consumerist ever run a comparison on cheap ways to get tickets, good cruise lines?
My buddy fell victim to this some years back with these dali works. luckily for him, he didn't pay 20k each but rather only a few hundred dollars. They're worth much more than he paid.
It isn't just cruise ship auctions where inexperienced "art collectors" can get screwed. Here's a link to a highly enlightening article about the traps that predatory art galleries on dry land set:
@Bay State Darren: Only if we start by making reproduction posters of album art by RIAA artists before getting to the Blake.
I worked at one of those "auction" places in a hotel, and the company also did stuff on cruise ships and resorts. I actually thought most of the art was very nice. They had prints by current artists, and a contract with a few of them so we had their originals, which were of course overpriced, but the rest of them were very reasonably priced.
Dali is one of the most ripped-off artists ever, so anyone actually trying to collect real Dalis has to be very, very knowledgeable about it. When Dali was still alive, but feeble, friends and family were allegedly making "art" and getting him to sign it, some even claim they were getting him to sign blank canvases. He was really prolific, so that helped to camouflage the entry of extra runs of unauthorized prints and so on. There have been factories churning out "authentic" prints made with "the most authentic version of his signature" printed on and "letters of authenticity" attached, selling for thousands.
This doesn't mean that the "authentic" crapola won't have resale value, of course. Most people don't know or care. But if you care about integrity, be very, very careful. And I would say that buying out on waters where the jurisdiction isn't clear is not sufficiently careful!
As someone that knows quite a few struggling artist types, it grates that there is an ocean of suckers paying dearly for the chance to get ripped off, while real, living artists struggle to get food to eat.
If only a few of these patrons signed up for the walking tours (or sites) that many art districts have - and take a chance buying art they liked rather than shopping based on what the pretty label says - both the buyers and the artists would be much happier.
The closest I've ever come to attending the cruise art auction is flipping through their catalog while on the toilet in my cabin bathroom. You're welcome for that mental image.
I considered going for the free champagne, but figured the pressure to buy would be just short of a time share presentation.
LOL I used to be the audio engineer on a major cruise line and since I had to run the mics for the auctions I would sit around and watch all of the rubes get taken for their money. In essence thats really all a cruise is, a chance for the cruise line to separate you from as much of your money as possible. Now I can't say for sure if all of the artwork was fake or not but every week I would watch a new crop of people drop retarded amounts of money on it.












I had to sit next to a yuppie couple on our cruise and they would leave dinner early every night to bid on "artwork for the children's gameroom." They would come back the next night talking about how good of a deal they got. My wife and I just rolled our eyes. You'd have to be pretty stupid to think you were getting a valuable piece of art from a cruise. These are probably the same type of people who think they got the upper hand on the local street vendors.
When I hear the term "international waters" I always think of a knife-fighting monkey named Furious George.