smellycat
New Member
Posts • 5
Likes • 0
May 2008
|
Flipping art from galleries question, by smellycat on Jun 26, 2008 0:18:24 GMT 1, I haven't been collecting very long, but have always wondered... do galleries care if you flip art right after you buy from them?... like has anyone ever had to sign an agreement to keep their work for awhile after purchase or gotten black listed for selling originals on ebay or forums?
I can see how flipping would hurt an artist and it would make sense if a gallery would take steps to protect them... but at the same time I can also see the argument that if you bought it, you can do what you want with it.
i don't plan on flipping artwork.. but just wanted to know a little more about how the gallery system works with the more popular artists that seem to change hands alot even though their work is relatively new.
I haven't been collecting very long, but have always wondered... do galleries care if you flip art right after you buy from them?... like has anyone ever had to sign an agreement to keep their work for awhile after purchase or gotten black listed for selling originals on ebay or forums?
I can see how flipping would hurt an artist and it would make sense if a gallery would take steps to protect them... but at the same time I can also see the argument that if you bought it, you can do what you want with it.
i don't plan on flipping artwork.. but just wanted to know a little more about how the gallery system works with the more popular artists that seem to change hands alot even though their work is relatively new.
|
|
andyctree
New Member
Posts • 307
Likes • 7
July 2007
|
Flipping art from galleries question, by andyctree on Jun 26, 2008 0:19:54 GMT 1, Yes. A gallery would be pretty pissed off.
The expectation is that if you don't want the artwork you offer it back to the gallery
Yes. A gallery would be pretty pissed off.
The expectation is that if you don't want the artwork you offer it back to the gallery
|
|
smellycat
New Member
Posts • 5
Likes • 0
May 2008
|
Flipping art from galleries question, by smellycat on Jun 26, 2008 0:47:48 GMT 1, Yes. A gallery would be pretty pissed off. The expectation is that if you don't want the artwork you offer it back to the gallery
well... i understand that's the expectation, but do they ever do anything about it? like, send a nasty letter or not sell to you again (or take even further action)?
Yes. A gallery would be pretty pissed off. The expectation is that if you don't want the artwork you offer it back to the gallery well... i understand that's the expectation, but do they ever do anything about it? like, send a nasty letter or not sell to you again (or take even further action)? |
|
andyctree
New Member
Posts • 307
Likes • 7
July 2007
|
Flipping art from galleries question, by andyctree on Jun 26, 2008 1:28:47 GMT 1, They'd definitely never sell to you again.
They'd definitely never sell to you again.
|
|
Heavyconsumer
Junior Member
Posts • 4,974
Likes • 5
February 2008
|
Flipping art from galleries question, by Heavyconsumer on Jun 26, 2008 1:48:16 GMT 1, Yes. A gallery would be pretty pissed off. The expectation is that if you don't want the artwork you offer it back to the gallery well... i understand that's the expectation, but do they ever do anything about it? like, send a nasty letter or not sell to you again (or take even further action)?
I don't know about all galleries, but certainly many state that they will not sell to you again. Some have at times even put notes on the COAs, for secondary market buyers to contact them ASAP to register ownership, thus telling them who has sold. However in practice, it's very difficult for them to know any more than the original buyer lets them. They don't demand ID at point of purchase and cash payments don't give much away. Online purchases are similar in most cases, as card info used for payment, isn't usually shared with the gallery by the processor and delivery info can be changed easily. Plus many internet users still don't have static IP addresses.
They cannot take further punitive action. Once you own something they can't tell you not to rip it up, resell it or frame it in neon pink if that's your thing.
Yes. A gallery would be pretty pissed off. The expectation is that if you don't want the artwork you offer it back to the gallery well... i understand that's the expectation, but do they ever do anything about it? like, send a nasty letter or not sell to you again (or take even further action)? I don't know about all galleries, but certainly many state that they will not sell to you again. Some have at times even put notes on the COAs, for secondary market buyers to contact them ASAP to register ownership, thus telling them who has sold. However in practice, it's very difficult for them to know any more than the original buyer lets them. They don't demand ID at point of purchase and cash payments don't give much away. Online purchases are similar in most cases, as card info used for payment, isn't usually shared with the gallery by the processor and delivery info can be changed easily. Plus many internet users still don't have static IP addresses. They cannot take further punitive action. Once you own something they can't tell you not to rip it up, resell it or frame it in neon pink if that's your thing. |
|
andyctree
New Member
Posts • 307
Likes • 7
July 2007
|
Flipping art from galleries question, by andyctree on Jun 26, 2008 2:00:36 GMT 1, I'm pretty sure that the state of California has a law that says the artist is entitled to a percentage of any sale of their artwork.
I'm pretty sure that the state of California has a law that says the artist is entitled to a percentage of any sale of their artwork.
|
|
|
|
Heavyconsumer
Junior Member
Posts • 4,974
Likes • 5
February 2008
|
Flipping art from galleries question, by Heavyconsumer on Jun 26, 2008 2:09:09 GMT 1, I'm pretty sure that the state of California has a law that says the artist is entitled to a percentage of any sale of their artwork.
OK thats interesting, but if I leave CA that law is then irrelevant, no? Funnily enough I was refering to Carmichael (who I think are in CA) in my previous post about notes on COAs. Wasn't it they who handled the release of TMA Hollywood?
I'm pretty sure that the state of California has a law that says the artist is entitled to a percentage of any sale of their artwork. OK thats interesting, but if I leave CA that law is then irrelevant, no? Funnily enough I was refering to Carmichael (who I think are in CA) in my previous post about notes on COAs. Wasn't it they who handled the release of TMA Hollywood? |
|
Blind Angle
Art Gallery
New Member
Posts • 399
Likes • 0
July 2007
|
Flipping art from galleries question, by Blind Angle on Jun 26, 2008 2:15:47 GMT 1, Well i only would like to add from the perspective of running an on-line gallery that we would not prioritize your purchase if we found out that you sold the artwork as soon as you had bought it! In a situation where we had an edition that sold out upon release you would come bottom of the list! Simple as that!
I do not think your sale would be an offense to-wards us, but dis-respect to wards the artist!
There is currently a system in place to reward artists on secondary market sales (over £1000 sales), but i very much doubt that any ebay floggers pay any attention to this!
Cheers
Ragnar
Well i only would like to add from the perspective of running an on-line gallery that we would not prioritize your purchase if we found out that you sold the artwork as soon as you had bought it! In a situation where we had an edition that sold out upon release you would come bottom of the list! Simple as that!
I do not think your sale would be an offense to-wards us, but dis-respect to wards the artist!
There is currently a system in place to reward artists on secondary market sales (over £1000 sales), but i very much doubt that any ebay floggers pay any attention to this!
Cheers
Ragnar
|
|
beefloaf
New Member
Posts • 107
Likes • 0
May 2008
|
Flipping art from galleries question, by beefloaf on Jun 26, 2008 3:31:13 GMT 1, Well i only would like to add from the perspective of running an on-line gallery that we would not prioritize your purchase if we found out that you sold the artwork as soon as you had bought it! In a situation where we had an edition that sold out upon release you would come bottom of the list! Simple as that! I do not think your sale would be an offense to-wards us, but dis-respect to wards the artist! There is currently a system in place to reward artists on secondary market sales (over £1000 sales), but i very much doubt that any ebay floggers pay any attention to this! Cheers Ragnar
OMFG
I JUST CHECKED YOUR ONLINE GALLERY. LOOKS LIKE THEIR MIGHT BE SOME FLIPPING GOING ON THERE...MIGHT WANT TO LOOK INTO THAT.
Well i only would like to add from the perspective of running an on-line gallery that we would not prioritize your purchase if we found out that you sold the artwork as soon as you had bought it! In a situation where we had an edition that sold out upon release you would come bottom of the list! Simple as that! I do not think your sale would be an offense to-wards us, but dis-respect to wards the artist! There is currently a system in place to reward artists on secondary market sales (over £1000 sales), but i very much doubt that any ebay floggers pay any attention to this! Cheers Ragnar OMFG I JUST CHECKED YOUR ONLINE GALLERY. LOOKS LIKE THEIR MIGHT BE SOME FLIPPING GOING ON THERE...MIGHT WANT TO LOOK INTO THAT. |
|
twostep
New Member
Posts • 15
Likes • 0
June 2008
|
Flipping art from galleries question, by twostep on Jun 26, 2008 7:08:53 GMT 1, Online Gallery, what a fucking joke.
Its NOT an online gallery its an Online shop, just like all of the other Online shops.
Online Gallery, what a fucking joke.
Its NOT an online gallery its an Online shop, just like all of the other Online shops.
|
|
funster
Junior Member
Posts • 2,256
Likes • 0
October 2006
|
Flipping art from galleries question, by funster on Jun 26, 2008 8:54:36 GMT 1, A definition of gallery:
"A space for the exhibition of works of art; as, a picture gallery; hence, also, a large or important collection of paintings, sculptures, etc."
Why can't therefore that space be online, hence an online gallery?
A definition of gallery:
"A space for the exhibition of works of art; as, a picture gallery; hence, also, a large or important collection of paintings, sculptures, etc."
Why can't therefore that space be online, hence an online gallery?
|
|
|
|
Flipping art from galleries question, by Guest on Jun 26, 2008 10:24:42 GMT 1, Well i only would like to add from the perspective of running an on-line gallery that we would not prioritize your purchase if we found out that you sold the artwork as soon as you had bought it! In a situation where we had an edition that sold out upon release you would come bottom of the list! Simple as that! I do not think your sale would be an offense to-wards us, but dis-respect to wards the artist! There is currently a system in place to reward artists on secondary market sales (over £1000 sales), but i very much doubt that any ebay floggers pay any attention to this!Cheers Ragnar
The subject of artist rights have been briefly gone over on an other thread, from my understanding they are paid on resale of art over 1000 euros by auction houses, dealers, agents and gallery owners, but not the consumer (ebay floggers) who sells his/her art privately.
Well i only would like to add from the perspective of running an on-line gallery that we would not prioritize your purchase if we found out that you sold the artwork as soon as you had bought it! In a situation where we had an edition that sold out upon release you would come bottom of the list! Simple as that! I do not think your sale would be an offense to-wards us, but dis-respect to wards the artist! There is currently a system in place to reward artists on secondary market sales (over £1000 sales), but i very much doubt that any ebay floggers pay any attention to this!Cheers Ragnar The subject of artist rights have been briefly gone over on an other thread, from my understanding they are paid on resale of art over 1000 euros by auction houses, dealers, agents and gallery owners, but not the consumer (ebay floggers) who sells his/her art privately. |
|
|
|
twostep
New Member
Posts • 15
Likes • 0
June 2008
|
Flipping art from galleries question, by twostep on Jun 26, 2008 11:36:54 GMT 1, Its a tricky one this  but one way to think about it is that if every single piece of art was never resold  the artists and galleries would not find it so easy to ask higher prices for the art in the first place because they would not be able to prove their worth it. If Hirst has no resale history, and you paid £100,000 for a piece direct from him  and then a piece identical was sold on ebay for £100 I think you would be a bit upset 
Well if you paid £100,000 for it, you must have thought it to be worth £100,000 as a piece of art to adorn your walls, monetary value on a piece of art is impossible to gauge.
If your in it for pure profit, then its a gamble, win some loose some.
Its a tricky one this but one way to think about it is that if every single piece of art was never resold the artists and galleries would not find it so easy to ask higher prices for the art in the first place because they would not be able to prove their worth it. If Hirst has no resale history, and you paid £100,000 for a piece direct from him and then a piece identical was sold on ebay for £100 I think you would be a bit upset Well if you paid £100,000 for it, you must have thought it to be worth £100,000 as a piece of art to adorn your walls, monetary value on a piece of art is impossible to gauge. If your in it for pure profit, then its a gamble, win some loose some. |
|
|
|
|
|
Flipping art from galleries question, by Daniel Silk on Jun 26, 2008 11:41:33 GMT 1, Its a tricky one this but one way to think about it is that if every single piece of art was never resold the artists and galleries would not find it so easy to ask higher prices for the art in the first place because they would not be able to prove their worth it. If Hirst has no resale history, and you paid £100,000 for a piece direct from him and then a piece identical was sold on ebay for £100 I think you would be a bit upset Well if you paid £100,000 for it, you must have thought it to be worth £100,000 as a piece of art to adorn your walls, monetary value on a piece of art is impossible to gauge. If your in it for pure profit, then its a gamble, win some loose some.
True, but nobody wants to pay over the odds no matter how much they love the Art and even if they would never think of selling it.
Its a tricky one this but one way to think about it is that if every single piece of art was never resold the artists and galleries would not find it so easy to ask higher prices for the art in the first place because they would not be able to prove their worth it. If Hirst has no resale history, and you paid £100,000 for a piece direct from him and then a piece identical was sold on ebay for £100 I think you would be a bit upset Well if you paid £100,000 for it, you must have thought it to be worth £100,000 as a piece of art to adorn your walls, monetary value on a piece of art is impossible to gauge. If your in it for pure profit, then its a gamble, win some loose some. True, but nobody wants to pay over the odds no matter how much they love the Art and even if they would never think of selling it. |
|
jones27
New Member
Posts • 803
Likes • 104
August 2007
|
Flipping art from galleries question, by jones27 on Jun 26, 2008 12:10:28 GMT 1, a chance would be a fine thing....cant flip a flipper.
a chance would be a fine thing....cant flip a flipper.
|
|
Tiki
Junior Member
Posts • 1,223
Likes • 157
May 2008
|
Flipping art from galleries question, by Tiki on Jun 26, 2008 13:35:23 GMT 1, So how is it that certain galleries whether online or on the street are selling secondary market prints and not being shunned for it. Or is that also frowned upon but its just not so obvious.
Scenario: BRP are releasing ANOTHER D*face street improvements print run. The release comes and goes and like always everything is sold out in seconds. Yet the next day an on street gallery has 5 of the released print and has hiked the price. Opinions?
Also shouldn't you need to have some sort of license for doing what these gallerys are doing as it falls under re distributing surely?
So how is it that certain galleries whether online or on the street are selling secondary market prints and not being shunned for it. Or is that also frowned upon but its just not so obvious.
Scenario: BRP are releasing ANOTHER D*face street improvements print run. The release comes and goes and like always everything is sold out in seconds. Yet the next day an on street gallery has 5 of the released print and has hiked the price. Opinions?
Also shouldn't you need to have some sort of license for doing what these gallerys are doing as it falls under re distributing surely?
|
|
andyctree
New Member
Posts • 307
Likes • 7
July 2007
|
Flipping art from galleries question, by andyctree on Jun 26, 2008 13:43:28 GMT 1, I think most galleries are more concerned about original art than prints.
I think most galleries are more concerned about original art than prints.
|
|
wave
Junior Member
Posts • 1,037
Likes • 176
March 2007
|
Flipping art from galleries question, by wave on Jun 26, 2008 14:21:02 GMT 1, Well i only would like to add from the perspective of running an on-line gallery that we would not prioritize your purchase if we found out that you sold the artwork as soon as you had bought it! In a situation where we had an edition that sold out upon release you would come bottom of the list! Simple as that! I do not think your sale would be an offense to-wards us, but dis-respect to wards the artist! There is currently a system in place to reward artists on secondary market sales (over £1000 sales), but i very much doubt that any ebay floggers pay any attention to this! Cheers Ragnar
Are galleries making profit off the back of selling art as guilty as those people flipping the same print probably for 2/3's less on ebay?
How much of the gallery's profit is actually going to the artist and are they equally to blame for pushing art out of the hands of real fans? I saw My Confessions selling for over 2k in a gallery. WTF
I wouldn't mind however paying a little over at secondary prices if i knew the artist was also getting their share but lets not take the piss.
Well i only would like to add from the perspective of running an on-line gallery that we would not prioritize your purchase if we found out that you sold the artwork as soon as you had bought it! In a situation where we had an edition that sold out upon release you would come bottom of the list! Simple as that! I do not think your sale would be an offense to-wards us, but dis-respect to wards the artist! There is currently a system in place to reward artists on secondary market sales (over £1000 sales), but i very much doubt that any ebay floggers pay any attention to this! Cheers Ragnar Are galleries making profit off the back of selling art as guilty as those people flipping the same print probably for 2/3's less on ebay? How much of the gallery's profit is actually going to the artist and are they equally to blame for pushing art out of the hands of real fans? I saw My Confessions selling for over 2k in a gallery. WTF I wouldn't mind however paying a little over at secondary prices if i knew the artist was also getting their share but lets not take the piss. |
|
dmandpenfold
Junior Member
Posts • 2,466
Likes • 10
December 2006
|
Flipping art from galleries question, by dmandpenfold on Jun 26, 2008 14:57:05 GMT 1, I'm pretty sure that the state of California has a law that says the artist is entitled to a percentage of any sale of their artwork.
The system is known as Droit de Suite (DDS) and it's not just California, the whole of the EU is subject to this as are at least another 26 countries, however if you buy and sell outside of those countries it would be hard to enforce. I believe the rights of DDS can also pass to the artists heirs
There is currently a system in place to reward artists on secondary market sales (over £1000 sales), but i very much doubt that any ebay floggers pay any attention to this! Cheers Ragnar
Ronhill is spot on DDS rules don't apply to private individuals, only those selling art as part of a commercial enterprise, essentially galleries, auctioneers etc. It only applies to individual items worth more than 1,000 Euros each. If the item was bought directly from the artist it can be sold without DDS in the following 3 years as long as the sale does not exceed 10,000 euro. Also DDS is applied on a sliding scale based on the value of the item from 0.25% - 4%. DDS is payable up to a maximum of 12,500 euro
I'm pretty sure that the state of California has a law that says the artist is entitled to a percentage of any sale of their artwork. There is currently a system in place to reward artists on secondary market sales (over £1000 sales), but i very much doubt that any ebay floggers pay any attention to this! Cheers Ragnar |
|
jonvespa
New Member
Posts • 858
Likes • 204
December 2006
|
Flipping art from galleries question, by jonvespa on Jun 26, 2008 15:10:13 GMT 1, Its a tricky one this but one way to think about it is that if every single piece of art was never resold the artists and galleries would not find it so easy to ask higher prices for the art in the first place because they would not be able to prove their worth it. If Hirst has no resale history, and you paid £100,000 for a piece direct from him and then a piece identical was sold on ebay for £100 I think you would be a bit upset
obviously, the quickness of the show's sales would also determine a price increase in the next show....an artist who sells the entire lot during a preview obviously has the right to increase the amount for the next time around...market will determine the price.
online galleries are just flippers with websites, haha...with some exceptions of course who actually sell original art by exclusive artists.
and yes, a perceptive gallery director who sees an buyer immediately flip a piece would most likely take that into account when the buyer attempts to buy another piece. i feel that any decent gallery knows the market and knows (like POW)that they are selling the piece under the market value to actual people who want to collect. saying this, it DOES bum me out when a gallery INCREASES the price of pieces after an auction or increased popularity of an artist; however its still their right to do this i understand.
jon
Its a tricky one this but one way to think about it is that if every single piece of art was never resold the artists and galleries would not find it so easy to ask higher prices for the art in the first place because they would not be able to prove their worth it. If Hirst has no resale history, and you paid £100,000 for a piece direct from him and then a piece identical was sold on ebay for £100 I think you would be a bit upset obviously, the quickness of the show's sales would also determine a price increase in the next show....an artist who sells the entire lot during a preview obviously has the right to increase the amount for the next time around...market will determine the price. online galleries are just flippers with websites, haha...with some exceptions of course who actually sell original art by exclusive artists. and yes, a perceptive gallery director who sees an buyer immediately flip a piece would most likely take that into account when the buyer attempts to buy another piece. i feel that any decent gallery knows the market and knows (like POW)that they are selling the piece under the market value to actual people who want to collect. saying this, it DOES bum me out when a gallery INCREASES the price of pieces after an auction or increased popularity of an artist; however its still their right to do this i understand. jon |
|
|
|
Flipping art from galleries question, by bobbymeachamjr on Jun 26, 2008 15:39:52 GMT 1, I think most galleries are more concerned about original art than prints.
Not necessarily the case in this scene as the big easy money are in prints = Printing money. Original art actually take time and effort...
oh and most galleries exist to make money
I think most galleries are more concerned about original art than prints. Not necessarily the case in this scene as the big easy money are in prints = Printing money. Original art actually take time and effort... oh and most galleries exist to make money |
|
|
|
smellycat
New Member
Posts • 5
Likes • 0
May 2008
|
Flipping art from galleries question, by smellycat on Jun 26, 2008 16:19:32 GMT 1, OK. thanks alot for the insight...
i was wondering though, we all say we're pretty sure galleries get peeved with flippers... but has anyone ever experienced a gallery that was active (beyond having a footnote on their COA) in batting away flippers?
i would think that although galleries are out to make a buck, they would also be concerned w/ the longevity of an artists career and would want more control over the said artist's price point. although they would like to have an artist sell out a show... i doubt they would like to see half the show end up on ebay and then have collectors burnt out (price and supply-wise) on their work before the next show... and a flipper might also find they can't get back what they paid for a piece and be more likely to sell a piece cheap & damage others' perception of how much the artist's work is worth
OK. thanks alot for the insight...
i was wondering though, we all say we're pretty sure galleries get peeved with flippers... but has anyone ever experienced a gallery that was active (beyond having a footnote on their COA) in batting away flippers?
i would think that although galleries are out to make a buck, they would also be concerned w/ the longevity of an artists career and would want more control over the said artist's price point. although they would like to have an artist sell out a show... i doubt they would like to see half the show end up on ebay and then have collectors burnt out (price and supply-wise) on their work before the next show... and a flipper might also find they can't get back what they paid for a piece and be more likely to sell a piece cheap & damage others' perception of how much the artist's work is worth
|
|
|
|
Flipping art from galleries question, by bobbymeachamjr on Jun 26, 2008 16:35:09 GMT 1, No need for further discussion as original work from artists > gallery > you are pretty much paying premium. Yeah there is the sporadic "it" artist ie. parla - even then believe me you're not getting any discounts. An environment of flipping is great for these galleries because everything sells out -esp the easy money prints. To the gallery "Flipping" is the ultimate marketing tool. Why would they care if you can make a few bucks by reselling if they can guarantee an instant sellout at HUGE MARGINS on their whole inventory? To them its like a dream come true. Get a grip peeps...
No need for further discussion as original work from artists > gallery > you are pretty much paying premium. Yeah there is the sporadic "it" artist ie. parla - even then believe me you're not getting any discounts. An environment of flipping is great for these galleries because everything sells out -esp the easy money prints. To the gallery "Flipping" is the ultimate marketing tool. Why would they care if you can make a few bucks by reselling if they can guarantee an instant sellout at HUGE MARGINS on their whole inventory? To them its like a dream come true. Get a grip peeps...
|
|
|
|
Flipping art from galleries question, by skitch on Jun 26, 2008 17:02:18 GMT 1, This is known in the business as Art Dealing!!
This is known in the business as Art Dealing!!
|
|
kronoopus
New Member
Posts • 859
Likes • 0
October 2006
|
Flipping art from galleries question, by kronoopus on Jun 26, 2008 18:11:19 GMT 1, No need for further discussion as original work from artists > gallery > you are pretty much paying premium. Yeah there is the sporadic "it" artist ie. parla - even then believe me you're not getting any discounts. An environment of flipping is great for these galleries because everything sells out -esp the easy money prints. To the gallery "Flipping" is the ultimate marketing tool. Why would they care if you can make a few bucks by reselling if they can guarantee an instant sellout at HUGE MARGINS on their whole inventory? To them its like a dream come true. Get a grip peeps...
KUDOS
No need for further discussion as original work from artists > gallery > you are pretty much paying premium. Yeah there is the sporadic "it" artist ie. parla - even then believe me you're not getting any discounts. An environment of flipping is great for these galleries because everything sells out -esp the easy money prints. To the gallery "Flipping" is the ultimate marketing tool. Why would they care if you can make a few bucks by reselling if they can guarantee an instant sellout at HUGE MARGINS on their whole inventory? To them its like a dream come true. Get a grip peeps... KUDOS |
|
robstar
New Member
Posts • 294
Likes • 1
November 2006
|
Flipping art from galleries question, by robstar on Jun 26, 2008 19:14:48 GMT 1, I think if it's a unique work then yes a gallery would be annoyed if you sold it or flipped it quickly after you bought it, and yes they probably wouldn't sell to you again. But when it comes to editions, I don't think they care on any level unless it's a rare low edition like a contemporary art photograph out of 5, which again is seen as/given the same seriousness as a unique work. But I can't see why POW or Counter or any editions company would care if you resold a poster because they've already made 100,000k from it!!! Or millions in Damien Hirst's case! And editions are meant to be out there for the general public, that's why they make so many...
I think if it's a unique work then yes a gallery would be annoyed if you sold it or flipped it quickly after you bought it, and yes they probably wouldn't sell to you again. But when it comes to editions, I don't think they care on any level unless it's a rare low edition like a contemporary art photograph out of 5, which again is seen as/given the same seriousness as a unique work. But I can't see why POW or Counter or any editions company would care if you resold a poster because they've already made 100,000k from it!!! Or millions in Damien Hirst's case! And editions are meant to be out there for the general public, that's why they make so many...
|
|
ABC
Artist
Junior Member
Posts • 5,533
Likes • 1,923
August 2006
|
Flipping art from galleries question, by ABC on Jun 26, 2008 20:40:09 GMT 1, Galleries build a client list on trust, If you buy from them they will always invite you to buy from the preview (Before it goes on show to the public) which is why most works are sold out before the preview night.
If you want to sell, you can, as long as you extend the courtesy of offering the gallery first refusal to buy back the work, thats the correct policy for serious collectors.
Although someone buying in the afternoon and listing for sale on ebay the same night is not going to get you on the coverted buyers lists.
Galleries build a client list on trust, If you buy from them they will always invite you to buy from the preview (Before it goes on show to the public) which is why most works are sold out before the preview night.
If you want to sell, you can, as long as you extend the courtesy of offering the gallery first refusal to buy back the work, thats the correct policy for serious collectors.
Although someone buying in the afternoon and listing for sale on ebay the same night is not going to get you on the coverted buyers lists.
|
|
but one way to think about it is that if every single piece of art was never resold 
the artists and galleries would not find it so easy to ask higher prices for the art in the first place because they would not be able to prove their worth it.
and then a piece identical was sold on ebay for £100 
