Common scams cruise ship art auctions · Cruise ship art auctions in Common scams
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Cruise ship art auctions in Common scams
Cruise ship art auctions in Common scams
Passengers are lured to auctions of supposedly investment-grade, collector art. Free champagne flows like water. The auctions may or may not be conducted by licensed auctioneers and may not adhere to standard auction practices. Since the sales take place at sea, making claims under consumer protection laws is difficult. Buyers may have little recourse if the art is misrepresented. Furthermore, in traditional auctions a bidder buys merchandise which is for sale right-here, right-now. Cruise ship auctions sell the art on display, but the winning bidder actually receives a different (but supposedly equivalent) piece which is shipped from the auction company's warehouse. Many art buyers at cruise ship auctions have later found that their shipboard masterpieces were worth only a fraction of the purchase price.
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