Are there some sort of standard terms which clarify the arrangement between the artist and the retail outlet about how the sale of paintings is divided?
2006-11-07 01:50:19 · 8 answers · asked by jib362002 1 in Arts & Humanities ➔ Visual Arts ➔ Painting
The usual arrangement is the gallery will take commission on any sale. The ratio can be (most commonly) 50/50, but can also be 30/70 and 40/60. This should be determined during negotiation.
Also, if a gallery offers a discount to a buyer in order to close a sale, it should be determined during negotiation if the gallery will absorb all the discount or if the artist and gallery will absorb the discount together. For instance: A painting is priced at $1000 with 50% commission. If the gallery offers a $100 discount, will the artist's take-home be reduced from $500 to $450? Or will the gallery's commission be reduced to $400 with the artist's take home remaining at $500? These are terms to be negotiated.
A reputable gallery will pay an artist with an invoice and a check so taxes will all line up at the end of the year. The gallery may ask for your tax ID or social security number in order to properly process their income and payment to you.
2006-11-07 03:04:14 · answer #1 · answered by Bleu Cerulean 4 · 1⤊ 0⤋
normally a gallery gets 50%. The gallery will collect and process the payment and arrange shipment/delivery to the buyer. The then pay the artist their 50% after approximately 30 days.
2006-11-07 21:27:53 · answer #2 · answered by Anonymous · 0⤊ 0⤋
That should be worked out between the gallery and the artist before an exhibition. I don't know where you live, but try phoning several galleries in your area and ask them. This will give you some idea
2006-11-07 09:52:58 · answer #3 · answered by Ya-sai 7 · 0⤊ 0⤋
I can only tell you what my experiences is..I'm assign a three-month contract..if my painting does not sell within those three months I get the painting back.. the curator negotiates the price with me..it's usually a 50-50 commission..they're going to get the most money for your painting..sometimes unfortunately the curator will price you out of a sale..
2006-11-10 12:13:12 · answer #4 · answered by Anonymous · 0⤊ 0⤋
generally it works out about 50/50 on the price of a sale.
2006-11-07 10:18:24 · answer #5 · answered by cjdardis 3 · 0⤊ 0⤋
i assume its done on a commision basis. after the painting is sold the gallery take a percentage of the price.
2006-11-07 09:58:22 · answer #6 · answered by grumpcookie 6 · 0⤊ 0⤋
Percentages are decided by negotiation
2006-11-07 10:11:01 · answer #7 · answered by huggz 7 · 0⤊ 0⤋
checkout
www.americanvistas.com/index.html
they pay fully n take no commission but takes yearly rent
2006-11-08 14:26:59 · answer #8 · answered by Anonymous · 0⤊ 1⤋