The bottom line
You are unlikely to be surprised by the rich, antique show style of your own art. Chances are: if you own a piece of art that someone else did, you might find a profit you like. The art market is currently indonesia whatsapp number data heating up, with Leonardo Da Vinci’s long-lost. ‘Salvator Mundi’ selling for a record $450 million in November 2017. Even if you don’t have a long-lost, legendary piece in your attic, you may. Fave a piece of art worth selling to a reputable art gallery. ( See Fine art can be a good investment .)
We spoke with Alexandra Schwartz, director of Pace Prints in New York. About what to know about finding that reputable art gallery and getting the best. Price for the item you want to sell. Schwartz has been a dealer for 35 years, specializing in 20th century paper, and is a member of the Board of Directors of the Art Dealers Association of America (ADAA).
Where do I start looking for a gallery
First, you need to know what you have in order to decide which gallery to choose. Is this an American painting from the 1930s? Is this an artist involved in the Impressionist. Movement of the late 19th century? Once you have a clear idea of exactly what you are selling. Preliminary search on the Internet will give you an idea of what galleries specialize in that artist or period.
Some prospective sellers like to make this first part of their search personal. —They walk up and down the aisles of the art fair, identifying which dealers might be interested in their work. Engaging them in conversation, and photographing the piece they want to sell to them. The best dealers are passionate about their profession, love to talk about the art they buy and sell, and are knowledgeable about their. Subject matter. They should be happy to talk to you.
How do I know if a gallery is reputable
There is no licensing process for art dealers; it is primarily a profession based on faith. So how do you “vet” a dealership? A good way to do this, Schwartz says, is to choose a gallery that is a member of the Art Dealers Association of America (ADAA). Founded in 1962, ADAA has 180 member galleries in 25 cities, covering every major collection, from Old Masters to contemporary art and from sculpture to painting, drawing, printmaking, photography, video and film. To become a member, a gallery must have been in business for at least five years and, according to the organization’s materials: “have a reputation for honesty and integrity, have expert knowledge in the chosen field and must make a significant contribution to the cultural life of the community.”
However isn’t the only game in town
There are plenty of other professional groups that hit the galleries. Some of them are regional—many cities have their own—and some are specialized in a particular art form. (See, for example, a list of gallery organizations in the United States.)
How to make the first contact with the gallery?
If you have not made contact with the art fair dealer in person as mentioned above, your first contact may be by phone. Galleries welcome cold calls. Once you have the right dealer on the phone, he will ask questions to help you determine if a face-to-face meeting makes sense. The dealer will the white house noted that funding want to know exactly what you have and how you bought it ( see The Importance of Title for more on the importance of title and proof ). Emailing a photo—even a cell phone—is done—helping the dealer make a decision.
What should I expect when I first meet the gallery
In addition to asking you questions about how you bought the piece. Reputable dealer should be able to tell you about the current. Market for pieces like yours—what the demand is, what the price. Might be, how long it might take to sell. if it is submitted and what is the gallery’s commission. Consignment is a common (and acceptable) approach, but sometimes a dealer will buy the job outright. A direct sale usually occurs when the seller is in a hurry to raise funds, and often the reason for the rush is one of the 3 D’s: death, debt, or divorce. When a work is accepted on consignment, the dealer agrees to work to sell the art for a pre-established commission and to give the seller the net proceeds from the sale. A consignment deal is good for both the dealer (no cash) and the seller (high revenue).
What should be included in the shipment agreement
Once you’ve decided where you’re going to submit crawler data your artwork, remember that all terms of engagement with that gallery will be binding. Be sure to include all the details of your negotiations in the agreement. Don’t accept anything during the paperwork process.
Your agreement should include any catalog references, detailed descriptions of the work, or you need).
It should clearly state what percentage of sales the commission will be. Commissions vary by dealer and are affected by the estimated value of the artwork, but are usually between 10% and 30%.
The contract should also specify the term of the cargo. You want the timeline to be reasonable—enough time for the dealer to buy it, but not too much time, as too much market exposure can hurt.