An art auction is a public event where artworks are sold to the highest bidder. These auctions can feature various types of art, including paintings, sculptures, and photographs. They are often organized by auction houses, such as Sotheby's or Christie's, which help to promote the artworks and attract potential buyers. During an art auction, participants place bids on pieces they wish to purchase. The auctioneer manages the bidding process, and once the highest bid is reached, the artwork is sold to that bidder. Art auctions can be exciting events, showcasing both established and emerging artists, and can significantly impact the art market.