What Is the Average Commision for Art on Consignment
I've received lots of inquiries about how to sell fine art through consignment. Partially because retailers exercise not have the cash to purchase art anymore, but mostly because we live in an area that has a loftier book of tourists (would-be fine art buyers) throughout the summer months.
If you've considered selling your fine art on consignment, there are a few considerations that volition help brand this a profitable feel.
Delight check out our Facebook Alive streams almost selling on assignment and pricing your fine art on our Facebook page.Selling your artwork on consignment
How to price your art for your market?
This post is intended for artists selling their own piece of work, not for collectors wanting to sell someone else's fine art work.
How assignment works?
You provide artwork(south) to a retailer or gallery in hopes that they sell. When your work sells, you lot get part of the retail price, and the seller gets the rest.
For retailers, which could include coffee shops, restaurants, etc—information technology'due south not unusual to see something around a 30/lxx split, where the retailer keeps 30%. Whether information technology's more than or less, it really depends on the amount of marketing and sales support they provide. If you lot're a more establish artist, do hesitate to ask for a better percentage, but remember they probably accept dozens of other artists asking to become into their venue…
For galleries, specifically commercial galleries, a fifty/50 split up is all the same fair, since they're showcasing your work and providing valuable wall space—the difference is worth the exposure. Anything higher than this should be avoided.
Choosing a consignment venue
Ever attempt to choose a retailer or gallery that has a good chance of selling your art. Best example scenario, they have experience in selling art similar to your'southward and in the same price range. Avert venues that might be looking for costless fine art to hang on their walls—these retailers will not be motivated to sell your work. Try to select retailers that have skillful lighting and a steady menstruum of traffic, most tourist districts are usually keen places to showtime.
Make sure you accept a good contract in place
To avoid misunderstandings, I recommend having a contract list each artwork. It doesn't need to be crafted by a lawyer, even so there are some specific items that should be addressed. Here is a list of some key elements:
• Include your name and full contact details
• Name of contact at the store and their telephone and email accost
• Term of the contract—driblet-off date and when you need to pick up the art, if it doesn't sell
• Name, title, size, edition number (if applicative) and description of the artwork
• Retail price—ready a reasonable and fair market price. Do your research in advance.
• The agreed commission and specify the split, indicating who gets what percentage.
• How will you get paid. The standard is no more than thirty days from when the artwork sells. There is no reason why you couldn't receive payment by electronic transfer within the week.
• Short argument about ownership of the artwork and copyright (so that this tin be fabricated clear to the buyer)
• Insurance requirements—the gallery, you (or both) should have insurance for the artwork in the case of fire, theft or any kind of damage that might occur while information technology is on their bounds.
There are lots of great examples out there for contracts. Modify, cut and paste and build a contract that fits your needs.
Consignment doesn't work for everyone, as it can consume a lot of time moving and dropping artwork amongst different venues. However, if you lot aren't a "sales person", consigning your work is a dandy culling to attending art markets, while assuasive you to experiment in unlike venues throughout your expanse (seeing what sells where). It also allows you to stay in your studio and produce more than work—your favourite affair!
Permit me know your experiences in consigning art. Do yous have a good contract that y'all would similar to share?
Best of luck!
Source: https://www.fidelisartprints.com/how-to-sell-your-artwork-on-consignment/
0 Response to "What Is the Average Commision for Art on Consignment"
Post a Comment