* Will you be able to sell art yourself outside of the gallery? On your site, in your studio, in other galleries or on social media sites? If so, what art can you sell and under what conditions? Will the gallery want a commission on outside sales? If so, what percentage? Will you be able to sell to existing customers without having to pay a commission? Etc. However, it may take months before the auction is “most appropriate” for the specific category of artwork and, when the time comes, the payment to the supplier is not less than thirty (30) days after the auction. For consignment galleries and merchants, the waiting time may take even longer before an end buyer comes for the respective artwork. Assuming an item is sold, some collectors insist on special “payment terms” that extend the seller`s receipt of the product. That`s not how we work. Depending on the terms that will be negotiated before the signing of the consignment contract, at least 25-40% of the commissions and fees will be charged to the seller. The fine print of the “contractual terms” of most auction houses provides that the supplier must pay them a buy-in fee if the item is not sold. Auction houses are an option in some situations – and under the good guidance of experienced experts who negotiate on behalf of the seller – provided the items are “fresh”. When considering the appropriate way to sell a work of art or collection, there are many issues to consider and negotiate: an appropriate estimate of the bids before the sale, so that buyers are motivated, the verses are “blurred”; sales commission at a low price; advantageous catalog placement; Important situation in pre-sale exhibition and proper pre-sale advertising in the right places. Fine Art Investments can provide specialist advice if this is the route a homeowner is considering when selling their artwork or an entire estate. One form of partnership in art distribution is the artist-agent relationship.
Hiring an art salesperson is a great way for artists to focus primarily on painting rather than sales and marketing. Agents typically use combinations of sales techniques — including online galleries, auction associates, and consignment stores — to sell and market your art and professional reputation. Representative agents are usually paid on the basis of commissions to encourage them to sell paintings at the maximum price. The percentage of the commission paid per table to a representative agent can vary from 20 to 50 percent, depending on the Professional Artist website. Once we have agreed to be a fine art broker for your visual arts, whether it is an oil painting, a sculpture or an entire collection – we present you with a simple and simple mediation contract. Once this has been signed, our team will act very quickly and efficiently on your behalf to research, authenticate, evaluate, promote and sell your artwork. It may seem logical that, as with choosing the right doctor, checking multiple brokers or potential auction houses for their artwork or art collection is a way to ensure the best possible conditions and, ultimately, the best financial return. However, this approach has always proven to be the opposite. If you “re-buy” your precious items, you run a very real risk of overexposure – which can significantly reduce the value of a work of art on the market. . . .