FairArt
Art Media
New Member
🗨️ 95
👍🏻 102
March 2022
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FairArt - A New Kind of Marketplace, by FairArt on Dec 6, 2022 15:55:19 GMT 1, Hello everyone,
We’re excited to introduce you to FairArt - a new kind of art marketplace for buying, selling and giving back.
FairArt is built with both collectors and artists in mind. For the first time, artists will receive a royalty for every transaction made on the platform. This is done without compromising on value for collectors - we charge some of the lowest fees in the industry, competing with the likes of eBay and StockX.
It may seem counterintuitive, but we want to create a marketplace in which it is profitable for collectors to support artists through secondary sales.
Listings and bids are completely free to make - just name your price and wait for the offers to roll in.
To celebrate FairArt’s launch, for 48 HOURS ONLY, we’re removing our platform fee on ALL listings - meaning any listing created in the next 48 hours will only incur an artist royalty fee of 3% if it sells (your listing does not need to sell during the next 48 hours for this promotion to apply).
We have already been in touch with a number of members directly, and are beyond grateful to the collectors and artists who have helped us get to this point.
We can’t wait to hear what you all think.
Cheers,
Nick
PS: Buying / Selling on FairArt is currently restricted to UK collectors, with plans to expand to US and Europe in 2023.
Hello everyone, We’re excited to introduce you to FairArt - a new kind of art marketplace for buying, selling and giving back. FairArt is built with both collectors and artists in mind. For the first time, artists will receive a royalty for every transaction made on the platform. This is done without compromising on value for collectors - we charge some of the lowest fees in the industry, competing with the likes of eBay and StockX. It may seem counterintuitive, but we want to create a marketplace in which it is profitable for collectors to support artists through secondary sales. Listings and bids are completely free to make - just name your price and wait for the offers to roll in. To celebrate FairArt’s launch, for 48 HOURS ONLY, we’re removing our platform fee on ALL listings - meaning any listing created in the next 48 hours will only incur an artist royalty fee of 3% if it sells (your listing does not need to sell during the next 48 hours for this promotion to apply). We have already been in touch with a number of members directly, and are beyond grateful to the collectors and artists who have helped us get to this point. We can’t wait to hear what you all think. Cheers, Nick PS: Buying / Selling on FairArt is currently restricted to UK collectors, with plans to expand to US and Europe in 2023. |
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FairArt - A New Kind of Marketplace, by its all about me on Dec 6, 2022 16:14:59 GMT 1, Sounds good. Hope your new venture is a great success.
Sounds good. Hope your new venture is a great success.
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FairArt - A New Kind of Marketplace, by amputeerich on Dec 6, 2022 17:53:25 GMT 1, A great concept and one I’m happy to get on board with. I look forward to watching the platform grow and develop and for any buying or selling, you’ll be my first port of call. Good luck!
A great concept and one I’m happy to get on board with. I look forward to watching the platform grow and develop and for any buying or selling, you’ll be my first port of call. Good luck!
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FairArt - A New Kind of Marketplace, by Art Attackkk on Dec 6, 2022 19:31:50 GMT 1, A great, fair concept. I’ve listed a few prints for sale and found it very easy to navigate to sell and indeed to find something to buy.
A great, fair concept. I’ve listed a few prints for sale and found it very easy to navigate to sell and indeed to find something to buy.
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FairArt - A New Kind of Marketplace, by Daniel Silk on Dec 7, 2022 2:29:20 GMT 1, Well done FairArt 👏🏻 Good luck with your new venture.
People have been asking for a site like this for ages!
Hopefully you can expand it to Worldwide soon, as so many trades now are done between different countries.
Well done FairArt 👏🏻 Good luck with your new venture.
People have been asking for a site like this for ages!
Hopefully you can expand it to Worldwide soon, as so many trades now are done between different countries.
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krywolf79
New Member
🗨️ 108
👍🏻 19
October 2019
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FairArt - A New Kind of Marketplace, by krywolf79 on Dec 7, 2022 12:11:14 GMT 1, Think this is a great looking project. listed a few bits which was very quick and easy. looking forward to selling bits through there
Think this is a great looking project. listed a few bits which was very quick and easy. looking forward to selling bits through there
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timson
New Member
🗨️ 144
👍🏻 48
December 2019
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FairArt - A New Kind of Marketplace, by timson on Dec 7, 2022 15:15:43 GMT 1, A couple questions:
Whats the timeline for expanding beyond just UK?
Any thought given to an alert system (such as 'notify me if there is a new low ask on X print')?
I don't see a fee associated with shipping, is that baked in to the price?
A couple questions:
Whats the timeline for expanding beyond just UK?
Any thought given to an alert system (such as 'notify me if there is a new low ask on X print')?
I don't see a fee associated with shipping, is that baked in to the price?
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FairArt - A New Kind of Marketplace, by from mjolnir on Dec 7, 2022 16:08:40 GMT 1, Not sure I'm following, but does the artist royalty apply to all artworks? Do the blue-chip artists really need a royalty fee on these transactions when they are already commercially successful? How is the royalty fee aggregated and distributed? Do you knock on Hirst's door and drop him some ££. Sorry I think it's an interesting idea, just testing the scope!
Not sure I'm following, but does the artist royalty apply to all artworks? Do the blue-chip artists really need a royalty fee on these transactions when they are already commercially successful? How is the royalty fee aggregated and distributed? Do you knock on Hirst's door and drop him some ££. Sorry I think it's an interesting idea, just testing the scope!
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FairArt
Art Media
New Member
🗨️ 95
👍🏻 102
March 2022
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FairArt - A New Kind of Marketplace, by FairArt on Dec 7, 2022 18:15:50 GMT 1, Thank you everyone for the kind words. We’ve been overwhelmed by people’s response so far!
I’ve answered the questions below, but please lmk if I’ve missed anything:
• timson - We’re looking to expand to buyers in the US and Europe in Spring 2023 and Asia in Summer/Autumn 2023. International selling is a bit trickier and we’re currently working on a realistic roadmap for this, but unfortunately cannot make a commitment at this moment.
• We’re working on a feature that will allow collectors to ‘watch’ specific items for updates on listings/bids and ‘follow’ artists for updates on sales / new works being added - hoping for this to be ready in a month or so.
• Shipping is paid for by the buyer and the cost is determined by an item’s dimensions. We have a partnership with DHL Express that allows us to pass on competitive rates to our collectors. All shipments are next-day delivery, 100% offset and sellers can either drop-off their package at a local service point or arrange a free home collection. You can learn more about our shipping here.
• from mjolnir - I’ve broken down my answer into a few parts:
• Yes, all works on FairArt qualify for artist royalties.
• The royalty is fixed at 3% on all works. If a sale is complete, royalties are set aside and paid out to artists on a quarterly basis. Hand delivering some £ to artist does sound like good fun, but it will usually go through their management. You can learn more about our royalties here.
• Please see the next reply for answer to the blue-chip question.
Thank you everyone for the kind words. We’ve been overwhelmed by people’s response so far! I’ve answered the questions below, but please lmk if I’ve missed anything: • timson - We’re looking to expand to buyers in the US and Europe in Spring 2023 and Asia in Summer/Autumn 2023. International selling is a bit trickier and we’re currently working on a realistic roadmap for this, but unfortunately cannot make a commitment at this moment. • We’re working on a feature that will allow collectors to ‘watch’ specific items for updates on listings/bids and ‘follow’ artists for updates on sales / new works being added - hoping for this to be ready in a month or so. • Shipping is paid for by the buyer and the cost is determined by an item’s dimensions. We have a partnership with DHL Express that allows us to pass on competitive rates to our collectors. All shipments are next-day delivery, 100% offset and sellers can either drop-off their package at a local service point or arrange a free home collection. You can learn more about our shipping here. • from mjolnir - I’ve broken down my answer into a few parts: • Yes, all works on FairArt qualify for artist royalties. • The royalty is fixed at 3% on all works. If a sale is complete, royalties are set aside and paid out to artists on a quarterly basis. Hand delivering some £ to artist does sound like good fun, but it will usually go through their management. You can learn more about our royalties here. • Please see the next reply for answer to the blue-chip question. |
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FairArt
Art Media
New Member
🗨️ 95
👍🏻 102
March 2022
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FairArt - A New Kind of Marketplace, by FairArt on Dec 7, 2022 18:16:58 GMT 1, Regarding blue-chip artists, this is an interesting one that we’ve given quite a bit thought to. It is true that successful artists stand to be the primary beneficiaries from royalties, but we believe that they are still entitled to share in the value they create for their collectors.
In the interest of fairness, we decided on a model in which all artists were entitled to the same % no matter their status - judging an artist’s financial success to the point that it excluded them from royalties felt too presumptuous. That being said, we will encourage artists who are doing well for themselves to donate their royalties to art-related charities - no names 🙄
We want FairArt to push people to ask these sorts of questions and consider the value of royalties. Our ultimate hope is that we are the start of a much wider industry shift towards fairer compensation on both primary and secondary markets, for each and every artist.
Again, apologies if I’ve missed anything! Please give me a shout if other questions come to mind.
Cheers,
Nick
Regarding blue-chip artists, this is an interesting one that we’ve given quite a bit thought to. It is true that successful artists stand to be the primary beneficiaries from royalties, but we believe that they are still entitled to share in the value they create for their collectors.
In the interest of fairness, we decided on a model in which all artists were entitled to the same % no matter their status - judging an artist’s financial success to the point that it excluded them from royalties felt too presumptuous. That being said, we will encourage artists who are doing well for themselves to donate their royalties to art-related charities - no names 🙄
We want FairArt to push people to ask these sorts of questions and consider the value of royalties. Our ultimate hope is that we are the start of a much wider industry shift towards fairer compensation on both primary and secondary markets, for each and every artist.
Again, apologies if I’ve missed anything! Please give me a shout if other questions come to mind.
Cheers,
Nick
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FairArt - A New Kind of Marketplace, by its all about me on Dec 7, 2022 19:59:16 GMT 1, Not sure I'm following, but does the artist royalty apply to all artworks? Do the blue-chip artists really need a royalty fee on these transactions when they are already commercially successful? How is the royalty fee aggregated and distributed? Do you knock on Hirst's door and drop him some ££. Sorry I think it's an interesting idea, just testing the scope!
Not sure I'm following, but does the artist royalty apply to all artworks? Do the blue-chip artists really need a royalty fee on these transactions when they are already commercially successful? How is the royalty fee aggregated and distributed? Do you knock on Hirst's door and drop him some ££. Sorry I think it's an interesting idea, just testing the scope! As far as I know, this is the law. It is not optional. If you run a commercial selling operation then you must pay Artist Resale Rights (ARR); at least in the UK anyway. ARR used to be known as Droit de Suite but that seems a bit out of fashion these days. |
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FairArt
Art Media
New Member
🗨️ 95
👍🏻 102
March 2022
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FairArt - A New Kind of Marketplace, by FairArt on Dec 7, 2022 20:29:52 GMT 1, Although we certainly wish it was the law, sadly, it is not.
There are a number of differences with the ARR and FairArt’s royalties which I’ve outlined below.
The most important one is that the ARR scheme only qualifies for works that are sold by art market professionals (galleries, agents and auction houses), which excludes the millions of private deals done every year that FairArt is targeting. It is also worth considering that…
1. The scheme is geographically constrained to Europeans and all other artists are excluded from profiting of works sold in Europe.
→ On FairArt all artists will be compensated irrespective of where they are from.
2. The scheme only includes works that are sold for more than €1000, excluding many emerging artists who are most in need of support and also the majority of the burgeoning prints / multiples market.
→ On FairtArt there will be no minimum price to qualify for compensation.
3. There are strict rules on what qualifies for the scheme and there are limits to what an artist can be compensated for.
→ On FairArt artists will receive royalties for everything created in their name (including merchandise, books and open editions).
4. There is little scope for legal enforcement and the majority of art professionals ignore the law altogether.
→ By creating a standardised framework, it will not be possible to avoid artist repayments on FairArt.
5. There is a cap of €12,500 as a maximum repayment to the artist for a single work.
→ On FairArt there will be no cap on royalties paid out to artists.
6. Artists rely on collecting societies to represent them and have to pay fees for this service.
→ FairArt will transparently manage all payouts to artists free of charge.
7. The royalty percentage decreases as price increases.
→ On FairArt there will be a flat commission rate unrelated to price.
Cheers,
Nick
Although we certainly wish it was the law, sadly, it is not.
There are a number of differences with the ARR and FairArt’s royalties which I’ve outlined below.
The most important one is that the ARR scheme only qualifies for works that are sold by art market professionals (galleries, agents and auction houses), which excludes the millions of private deals done every year that FairArt is targeting. It is also worth considering that…
1. The scheme is geographically constrained to Europeans and all other artists are excluded from profiting of works sold in Europe.
→ On FairArt all artists will be compensated irrespective of where they are from.
2. The scheme only includes works that are sold for more than €1000, excluding many emerging artists who are most in need of support and also the majority of the burgeoning prints / multiples market.
→ On FairtArt there will be no minimum price to qualify for compensation.
3. There are strict rules on what qualifies for the scheme and there are limits to what an artist can be compensated for.
→ On FairArt artists will receive royalties for everything created in their name (including merchandise, books and open editions).
4. There is little scope for legal enforcement and the majority of art professionals ignore the law altogether.
→ By creating a standardised framework, it will not be possible to avoid artist repayments on FairArt.
5. There is a cap of €12,500 as a maximum repayment to the artist for a single work.
→ On FairArt there will be no cap on royalties paid out to artists.
6. Artists rely on collecting societies to represent them and have to pay fees for this service.
→ FairArt will transparently manage all payouts to artists free of charge.
7. The royalty percentage decreases as price increases.
→ On FairArt there will be a flat commission rate unrelated to price.
Cheers,
Nick
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jeeves
New Member
🗨️ 223
👍🏻 143
March 2013
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FairArt - A New Kind of Marketplace, by jeeves on Dec 8, 2022 10:47:38 GMT 1, Great idea but I’m not clear what the costs are. The seller pays the artist 3%, what do they pay fairart? Thanks
Great idea but I’m not clear what the costs are. The seller pays the artist 3%, what do they pay fairart? Thanks
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FairArt
Art Media
New Member
🗨️ 95
👍🏻 102
March 2022
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FairArt - A New Kind of Marketplace, by FairArt on Dec 8, 2022 12:55:17 GMT 1, Cheers for the question.
To sell on FairArt there is a 3% artist royalty fee and a 6% platform fee.
Cheers for the question.
To sell on FairArt there is a 3% artist royalty fee and a 6% platform fee.
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ILaveIt
New Member
🗨️ 49
👍🏻 15
December 2019
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FairArt - A New Kind of Marketplace, by ILaveIt on Dec 12, 2022 11:18:35 GMT 1, Hi guys. Love what you are doing!! I have one question though, how come you can place a 'bid' on a item that nobody has listed for sale?
Hi guys. Love what you are doing!! I have one question though, how come you can place a 'bid' on a item that nobody has listed for sale?
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FairArt - A New Kind of Marketplace, by amputeerich on Dec 12, 2022 11:55:21 GMT 1, I guess to entice sellers to stick them up for sale? It’s quite a cool concept and hope it translates into sales for all parties.
I guess to entice sellers to stick them up for sale? It’s quite a cool concept and hope it translates into sales for all parties.
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Skinner
New Member
🗨️ 61
👍🏻 69
July 2016
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FairArt - A New Kind of Marketplace, by Skinner on Dec 12, 2022 13:03:34 GMT 1, I used FairArt to buy a Parra lamp that I was looking for and it was a seamless process. I hadn't heard of it before (cos it's new as I was to later find out) and if I'm honest I had a few reservations (is it a scam? Where are the reviews? Can I trust it?) but it was great.
It is new (hence no real reviews, and why I'm leaving one here) and my purchase experience was great. Was able to put a 'bid' in if not wanting or able to pay the asking price and then it's up to the seller if they want to negotiate etc. Communication was simple and clear. Felt safe, legit and trustworthy (which is key for me). FedEx shipping (so can track) and then loved the fact that the artist gets a cut too.
I'm fascinated to see if it takes off but I hope it does as on paper (ok...on screen) it seems a great idea. And also, as we all know, at times, buying art on Ebay or even on here unfortunately can be stressful and frustrating at times (not always as there have been some great sales and also get to chat to fellow art fans) but I've heard of many a sob story where things didn't go how they had hoped with a sale (from either party).
FairArt feels a bit safer and trustworthy as it seems to protect both the buyer and seller - and the artist. Win, win, win. The only 'flaw' from my side was that you don't know about the 'extra' platform fee until you go to cart when it gets added on along with the postage and I feel that this would be better to have this included in the price that you see listed originally - just so the price you see is the price you pay. BUT that is something they are are trying to sort out anyway as they want total clarity for buyers and sellers.
I spoke to Nick one of the FairArt founders via email as well who was great and really helpful. He mentioned that it's all new and like any startup he needs reviews/feedback to build up awareness and confidence so I am more than happy to do that as I now have the Parra lamp that sorted my wife's Xmas present out and was a safe and easy process.
I hope others get the same experience.
And no, I'm not a bot, plant, colleague, virtual PA - just an art lover who wants to buy art from other people in a safe and trustful way. People can still use UAA and Ebay (as will I) but FairArt seems another option - and still better than buying from a gallery for crazy prices imo!
I used FairArt to buy a Parra lamp that I was looking for and it was a seamless process. I hadn't heard of it before (cos it's new as I was to later find out) and if I'm honest I had a few reservations (is it a scam? Where are the reviews? Can I trust it?) but it was great.
It is new (hence no real reviews, and why I'm leaving one here) and my purchase experience was great. Was able to put a 'bid' in if not wanting or able to pay the asking price and then it's up to the seller if they want to negotiate etc. Communication was simple and clear. Felt safe, legit and trustworthy (which is key for me). FedEx shipping (so can track) and then loved the fact that the artist gets a cut too.
I'm fascinated to see if it takes off but I hope it does as on paper (ok...on screen) it seems a great idea. And also, as we all know, at times, buying art on Ebay or even on here unfortunately can be stressful and frustrating at times (not always as there have been some great sales and also get to chat to fellow art fans) but I've heard of many a sob story where things didn't go how they had hoped with a sale (from either party).
FairArt feels a bit safer and trustworthy as it seems to protect both the buyer and seller - and the artist. Win, win, win. The only 'flaw' from my side was that you don't know about the 'extra' platform fee until you go to cart when it gets added on along with the postage and I feel that this would be better to have this included in the price that you see listed originally - just so the price you see is the price you pay. BUT that is something they are are trying to sort out anyway as they want total clarity for buyers and sellers.
I spoke to Nick one of the FairArt founders via email as well who was great and really helpful. He mentioned that it's all new and like any startup he needs reviews/feedback to build up awareness and confidence so I am more than happy to do that as I now have the Parra lamp that sorted my wife's Xmas present out and was a safe and easy process.
I hope others get the same experience.
And no, I'm not a bot, plant, colleague, virtual PA - just an art lover who wants to buy art from other people in a safe and trustful way. People can still use UAA and Ebay (as will I) but FairArt seems another option - and still better than buying from a gallery for crazy prices imo!
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dotdot
Junior Member
🗨️ 3,658
👍🏻 1,030
December 2006
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FairArt - A New Kind of Marketplace, by dotdot on Dec 12, 2022 13:30:51 GMT 1, ...interested o hear more , perhaps a lot more.
oh and yeah how do you get the arr to blu ?
..and can we make the arr for blu 10 %
while we're at it - can someone here sell me an HQ ... and can we do it via FA (shame about the initials there..)
..i don't mind trying something new (within reason)..
...interested o hear more , perhaps a lot more.
oh and yeah how do you get the arr to blu ?
..and can we make the arr for blu 10 %
while we're at it - can someone here sell me an HQ ... and can we do it via FA (shame about the initials there..)
..i don't mind trying something new (within reason)..
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FairArt
Art Media
New Member
🗨️ 95
👍🏻 102
March 2022
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FairArt - A New Kind of Marketplace, by FairArt on Dec 12, 2022 18:43:23 GMT 1, Afternoon everyone,
Firstly let me address the bidding question, as it has come up quite a bit:
Bidding on FairArt is a new way of drawing seller’s attention to an artwork you are looking to buy. It’s a bit like a ‘best offer’ on Ebay, but it can be made on items that are yet to be listed.
This is the real advantage to buyers who often waste time searching for specific works. By placing Bids on works not currently available for sale, it can alert potential sellers and ancourage them into listing.
There is no cost to Bid and no limit to the number of bids you can place - funds are only collected if your bid is accepted. You can of course remove your bid at any time for free.
Afternoon everyone,
Firstly let me address the bidding question, as it has come up quite a bit:
Bidding on FairArt is a new way of drawing seller’s attention to an artwork you are looking to buy. It’s a bit like a ‘best offer’ on Ebay, but it can be made on items that are yet to be listed.
This is the real advantage to buyers who often waste time searching for specific works. By placing Bids on works not currently available for sale, it can alert potential sellers and ancourage them into listing.
There is no cost to Bid and no limit to the number of bids you can place - funds are only collected if your bid is accepted. You can of course remove your bid at any time for free.
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FairArt
Art Media
New Member
🗨️ 95
👍🏻 102
March 2022
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FairArt - A New Kind of Marketplace, by FairArt on Dec 12, 2022 18:44:41 GMT 1, Skinner - thank you so much for this considered feedback! As you say, we’re working on implementing greater transparency on the buyer’s side regarding the processing fee.
Dotdot - Glad you would like to know more! Please feel free to reach out to me directly at nick@fairart.io and I would also be happy to jump on a call to discuss further.
We have an email address on file to reach Blu’s people. As mentioned above, royalty payments are the same for all artists in the interest of fairness. If we are unable to pay out royalties for 12 months, the funds will be donated to an arts charity.
If you are interested in one of Blu’s HQ’s, I’d recommend placing a bid here to alert sellers!
Skinner - thank you so much for this considered feedback! As you say, we’re working on implementing greater transparency on the buyer’s side regarding the processing fee. Dotdot - Glad you would like to know more! Please feel free to reach out to me directly at nick@fairart.io and I would also be happy to jump on a call to discuss further. We have an email address on file to reach Blu’s people. As mentioned above, royalty payments are the same for all artists in the interest of fairness. If we are unable to pay out royalties for 12 months, the funds will be donated to an arts charity. If you are interested in one of Blu’s HQ’s, I’d recommend placing a bid here to alert sellers!
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FairArt - A New Kind of Marketplace, by collierscarp on Dec 13, 2022 20:26:01 GMT 1, Nick is an absolute pleasure to deal with and has a great concept.
I've uploaded 9 pieces of artwork which took no longer than a couple minutes each, the website as far as I'm concerned is flawless and I hope he and his team do extremely well.
Thank you for your help Nick you're a top man.
All the best
Sean
Nick is an absolute pleasure to deal with and has a great concept.
I've uploaded 9 pieces of artwork which took no longer than a couple minutes each, the website as far as I'm concerned is flawless and I hope he and his team do extremely well.
Thank you for your help Nick you're a top man.
All the best
Sean
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FairArt
Art Media
New Member
🗨️ 95
👍🏻 102
March 2022
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FairArt - A New Kind of Marketplace, by FairArt on Dec 14, 2022 13:26:51 GMT 1, Thank you collierscarp 💜
Sorry dotdot forgot to tag you in previous answer!
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eD
New Member
🗨️ 293
👍🏻 301
June 2021
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FairArt - A New Kind of Marketplace, by eD on Dec 14, 2022 13:46:29 GMT 1, Are there any fraud prevention controls on the site - How are you verifying sellers and buyers please?
Are there any fraud prevention controls on the site - How are you verifying sellers and buyers please?
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FairArt
Art Media
New Member
🗨️ 95
👍🏻 102
March 2022
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FairArt - A New Kind of Marketplace, by FairArt on Dec 14, 2022 17:38:30 GMT 1, Thanks for the question eD, it’s an important one and needs addressing at length, so apologies for the long read…
If you would like a more user-friendly breakdown, you can find it on our authentication page.
Currently, existing marketplaces like Ebay, Depop, 1stdibs, etc., operate under the policy: ‘the buyer is always right’. When we challenged them on the potential for fraudulent buyers, their response was: ‘this is an accepted risk of selling goods on the internet.’
Although there is ultimately no foolproof approach, at FairArt, we have built a robust verification system that protects sellers as much as it does buyers.
All artworks available on FairArt have been handpicked by the team, and we hold extensive data that allows us to verify them. We require original images for most artworks and often request verifiable provenance from sellers.
This whole process is linked to thorough KYC checks (basically identity checks) from our payment partner Stripe. By collecting information, including IDs and proof of address, the checks allow us to ensure that sellers are exactly who they say they are. Stripe also runs a cross check on existing fraud databases to ensure a user has never been flagged for past fraudulent activities.
All payments on FairArt are held in escrow. This means that payments from buyers are held by Stripe from sellers until 3 days after a purchased item has been delivered. This allows for any issues with an item’s condition / authenticity to be raised by the buyer. We handle claims on a case by case basis and give both buyers and sellers the opportunity to submit any relevant documentation.
We also have our own internal background checks: each collector is internally vetted by the team and categorised by considering a number of factors. Everything from a collector’s position in the industry and levels of past activity on FairArt, to social media use and transactional patterns is taken into account. An example of this playing out is that certain high risk items may be off limits for first-time collectors, whereas an established secondary gallery would meet fewer restrictions.
Another important differentiator is shipping: we encourage all sellers to take images of the packaged items with label affixed. Our partnership with DHL gives us access to information on each package’s size and weight and they also spot check content for insurance purposes, aiding us in the prevention of fraudulent claims.
To keeps things simple, we run a no nonsense policy on condition: all artworks must be ‘as new.’ We’ve learnt from other marketplaces that general uncertainty concerning condition is one of the principal reasons that disputes take place. A full definition of what new condition means is available on our site.
If you’ve made it this far, once again, I am sorry for the long reply, but I believe others may have been thinking the same and wanted to be thorough.
Cheers,
Nick
Thanks for the question eD, it’s an important one and needs addressing at length, so apologies for the long read… If you would like a more user-friendly breakdown, you can find it on our authentication page. Currently, existing marketplaces like Ebay, Depop, 1stdibs, etc., operate under the policy: ‘the buyer is always right’. When we challenged them on the potential for fraudulent buyers, their response was: ‘this is an accepted risk of selling goods on the internet.’ Although there is ultimately no foolproof approach, at FairArt, we have built a robust verification system that protects sellers as much as it does buyers. All artworks available on FairArt have been handpicked by the team, and we hold extensive data that allows us to verify them. We require original images for most artworks and often request verifiable provenance from sellers. This whole process is linked to thorough KYC checks (basically identity checks) from our payment partner Stripe. By collecting information, including IDs and proof of address, the checks allow us to ensure that sellers are exactly who they say they are. Stripe also runs a cross check on existing fraud databases to ensure a user has never been flagged for past fraudulent activities. All payments on FairArt are held in escrow. This means that payments from buyers are held by Stripe from sellers until 3 days after a purchased item has been delivered. This allows for any issues with an item’s condition / authenticity to be raised by the buyer. We handle claims on a case by case basis and give both buyers and sellers the opportunity to submit any relevant documentation. We also have our own internal background checks: each collector is internally vetted by the team and categorised by considering a number of factors. Everything from a collector’s position in the industry and levels of past activity on FairArt, to social media use and transactional patterns is taken into account. An example of this playing out is that certain high risk items may be off limits for first-time collectors, whereas an established secondary gallery would meet fewer restrictions. Another important differentiator is shipping: we encourage all sellers to take images of the packaged items with label affixed. Our partnership with DHL gives us access to information on each package’s size and weight and they also spot check content for insurance purposes, aiding us in the prevention of fraudulent claims. To keeps things simple, we run a no nonsense policy on condition: all artworks must be ‘as new.’ We’ve learnt from other marketplaces that general uncertainty concerning condition is one of the principal reasons that disputes take place. A full definition of what new condition means is available on our site. If you’ve made it this far, once again, I am sorry for the long reply, but I believe others may have been thinking the same and wanted to be thorough. Cheers, Nick |
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biggieg
New Member
🗨️ 215
👍🏻 49
December 2022
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FairArt - A New Kind of Marketplace, by biggieg on Jan 4, 2023 14:06:01 GMT 1, Had a play around with the site and have enjoyed using it so far. One question though, who handles the shipping? Is it you or the sellers?
Had a play around with the site and have enjoyed using it so far. One question though, who handles the shipping? Is it you or the sellers?
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FairArt
Art Media
New Member
🗨️ 95
👍🏻 102
March 2022
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FairArt - A New Kind of Marketplace, by FairArt on Jan 5, 2023 13:57:59 GMT 1, Glad you’re enjoying the site 
FairArt has an exclusive partnership with DHL Express that allows us to pass on very competitive rates to our collectors.
All shipments are tracked and guaranteed next day delivery.
The buyer pays for shipping. The seller has an option to take out full shipping insurance for up to €250,000 of an items value at a fee of 1.5%.
Once an item sells, the seller receives a shipping label and has three days to send the item.
A seller can either arrange a free home pick-up for their item or drop it off at a local service point.
FairArt is also the first marketplace in the industry to offset 100% of emissions from ALL shipments!
You can learn more about our shipping here.
Glad you’re enjoying the site FairArt has an exclusive partnership with DHL Express that allows us to pass on very competitive rates to our collectors. All shipments are tracked and guaranteed next day delivery. The buyer pays for shipping. The seller has an option to take out full shipping insurance for up to €250,000 of an items value at a fee of 1.5%. Once an item sells, the seller receives a shipping label and has three days to send the item. A seller can either arrange a free home pick-up for their item or drop it off at a local service point. FairArt is also the first marketplace in the industry to offset 100% of emissions from ALL shipments! You can learn more about our shipping here. |
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biggieg
New Member
🗨️ 215
👍🏻 49
December 2022
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FairArt - A New Kind of Marketplace, by biggieg on Jan 6, 2023 13:05:21 GMT 1, Thanks for the info, this all sounds great. Does that mean I am able to drop off the item at my local post office?
Thanks for the info, this all sounds great. Does that mean I am able to drop off the item at my local post office?
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FairArt - A New Kind of Marketplace, by Georgie Poppit on Jan 6, 2023 17:37:34 GMT 1, What happens about people selling art through your platform when they have agreed to a non resale agreement? When you pay out royalties does it state what the sale was and if so would it alert the artist to someone breaking the non resale agreement.
For example with the Nicolas Party Portrait with Shells, customers had to agree to NEVER sell on an online platform yet it is shown on your site.
What happens about people selling art through your platform when they have agreed to a non resale agreement? When you pay out royalties does it state what the sale was and if so would it alert the artist to someone breaking the non resale agreement.
For example with the Nicolas Party Portrait with Shells, customers had to agree to NEVER sell on an online platform yet it is shown on your site.
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FairArt - A New Kind of Marketplace, by skybluemark on Jan 6, 2023 17:55:11 GMT 1, What happens about people selling art through your platform when they have agreed to a non resale agreement? When you pay out royalties does it state what the sale was and if so would it alert the artist to someone breaking the non resale agreement. For example with the Nicolas Party Portrait with Shells, customers had to agree to NEVER sell on an online platform yet it is shown on your site.
What happens about people selling art through your platform when they have agreed to a non resale agreement? When you pay out royalties does it state what the sale was and if so would it alert the artist to someone breaking the non resale agreement. For example with the Nicolas Party Portrait with Shells, customers had to agree to NEVER sell on an online platform yet it is shown on your site. was going to ask the same on the Nick Smith pool print. |
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Wearology
Junior Member
Staff at FatFreeArt
🗨️ 3,596
👍🏻 4,512
April 2008
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FairArt - A New Kind of Marketplace, by Wearology on Jan 6, 2023 20:45:06 GMT 1, A no resale agreement is very important to people that buy and sell art for a living and want to continue to do so in good standing.
A no resale agreement has been challenged in court multi times and in every single instance the gallery and or artist has lost as it has been deemed legally non binding.
A no resale agreement is very important to people that buy and sell art for a living and want to continue to do so in good standing.
A no resale agreement has been challenged in court multi times and in every single instance the gallery and or artist has lost as it has been deemed legally non binding.
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