Generating Profits from Your Artwork

So, you have finally reached the phase in your work where you have completed it. Now, the next thing that you are planning to do is to sell it and make handsome profits out of the transaction. What the next step would be then? On a more traditional approach, you can do so by reaching out to art galleries. The question is, where you can start?

Using the best modem router combo, you can access the web and look for the nearest and reputable art galleries. But before everything else, it is essential that you know the things that are involved when working with galleries and at the same time, on how to properly approach them. This process will take a bit of your encouragement but by the time that you have understood the process and muster the confidence to do it, things will be easy and simple.

Will it be an Outright Sale or Commission?

As a matter of fact, there are a couple of ways that you may follow to sell your artwork in a gallery. The art may either be sold via commission or the gallery may chose to buy it upfront. Between the two, the former is the more popular option.

Because with a commission sale, it means that the gallery will be displaying your artwork for a certain period. Neither you nor the art gallery will be able to make money until it has been sold. At this point, the artist and the gallery will be splitting the sale base on the agreed commission signed in the contract.

How much is the Average Commission for Artist?

In most cases, art galleries are asking anywhere around 30 to 40 percent of the sale. Some might even go higher or lower depending on the local art market and the art gallery you are talking to. Artists may have a difficult time in grasping the idea that galleries need to make profits too. It is just hard to let the 40 percent of the sale go to someone who has nothing to do with the creation of art.

However, bear in mind as well that these art galleries have their own expenses too. For example, they have to pay the rent, utilities as well as employees together with the marketing and taxes just to put up your work and display it in their gallery. They’re marketing on your behalf and if they’ve done a great job, then it will be a win-win situation.