FairArt - A New Kind of Marketplace

[sevrin]

Jan 6, 2023 20:45:06 GMT 1 Wearology said:

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.

That's very interesting, and if so, I guess in that case the gallery/artist will blacklist you from future sales?

[Bruno Art 99]

Has anyone used Fairart ,thinking of buying a piece from them- good or bad experience. Are they safe to deal with?

[bba]

I like the concept and it will be interesting to see its effect on the market. Are there plans for it to go international?

[biggieg]

I bought something on there today, so will let you know how it goes. Apparently will receive by Tuesday…

btw I found the comment by Skinner on the original FairArt thread about his buying experience pretty helpful

[FairArt]

Thank you for the question Georgie Poppit . I’ll also address the follow-up comments in my answer.

Buying and selling on FairArt is completely anonymous, no personal information on transactions will ever be shared with galleries or artists. The privacy of our users is paramount and they must feel as though their information is secure.

Yes, artists will be aware of which works have sold, but so will all users on FairArt. In the interest of transparency, we make past sales data readily available for each artwork to help collectors make better informed decisions on buying and selling. To be clear, the only available information to artists, galleries and collectors is the date of a sale and its value.

This does not mean we encourage the prevalence of ‘flipping’ in the market, and we fully support the work primary galleries do to ensure the works they allocate end up in the hands of people who actually want them. Non-resale agreements are one of a number of obstacles galleries put in place to prevent flipping. Unfortunately, as I’m sure you will know, they tend to hold minimal legal weight and are often ignored altogether.

The conclusion we came to was that reselling, whether the ‘good’ or the ‘bad’ kind, is always going to be a reality of the secondary art market. Currently, the only beneficiaries are marketplaces like Ebay / StockX and resellers; meanwhile the artist sees none of the short-term profit they create by making their works more accessible and affordable.

So if it’s going to happen, why should artists not at the very least receive a cut to minimise the harm done by short-term reselling and share in the value they create for others through their work? If resellers believe us to be whistleblowers they will simply go to another platform and artists will once again miss out.

We appreciate that discussions around the reselling of works can be highly charged, and there is rarely a consensus, but I hope the majority agree that the current state of affairs does little good for the wider art community and change needs to happen.

Cheers,
Nick 

[J0NNY]

Is there a way to filter out what’s actually available on the search function? I typed in an artist and sorted by new to old and had to go through lots of listings that had nothing to offer for sale so I have up. I may have missed it but a way to filter out the unavailable works would be better, especially on mobile.

[bba]

Consensus on good or bad time to launch a new platform like this or do members think market will bounce back quicker than expected?

[skybluemark]

I dont think theres really a bad time, yes prices likely falling, but people will need to raise cash, buyers will be looking for bargains. Arguably the 'used' market will be stronger than the new listing market in times like this.

[artlife11]

Jan 9, 2023 5:19:38 GMT 1 bba said:

Consensus on good or bad time to launch a new platform like this or do members think market will bounce back quicker than expected?

Definitely a good idea to launch and looks a good platform. I haven’t used yet but think this will do well as in reality auction house’s take 50% of what they actually pay you and often don’t get good results and ask for low starting reserves.
the art market will suffer like all other markets this year but think this will do well.

[FairArt]

Hi J0NNY , thanks for the question. Yes, this option is available:

On desktop:
1. Click on the 'Artworks' tab in the top navigation
2. Tick the 'Buy Now' filter under 'Availability'.

On mobile:
1. Open up the menu and click on 'Artworks'
2. Click on the Filter icon (this will open up all available filters)
3. Tick the 'Buy Now' filter under 'Availability' and click the 'Apply' button

I’ve attached some photos to better explain the above or you can simply click this link. 

Please also note that the default sort ('Recommended') will always display artworks that are available first.


Cheers,
Nick

[Black Wolf]

Just listed a few things, great experience so far, really loving it, well done Nick and team

[FairArt]

Thanks Black Wolf! Appreciate it ❤️

[FairArt]

Hi bba, we have plans in place to expand to the US and Europe very soon! 

Cheers,
Nick

[bba]

Jan 9, 2023 18:36:52 GMT 1 FairArt said:

Hi bba , we have plans in place to expand to the US and Europe very soon! 

Cheers,
Nick

International? I am in Asia. Thanks.

[FairArt]

Asia is of course on the cards! We're hopeful that by the second half of this year we'll be ready to expand there 🙂

[biggieg]

Jan 7, 2023 10:41:27 GMT 1 Bruno Art 99 said:

Has anyone used Fairart ,thinking of buying a piece from them- good or bad experience. Are they safe to deal with?

Just following up on my previous message, my FairArt order has now been delivered! Very smooth process...

[FairArt]

1% Platform Fee For All New FairArt Listings

48 HOURS ONLY!

[FairArt]

Hi biggieg, 

Apologies for just getting to this question now!

On FairArt, you can either:

• Drop off your item at one of the 1,000s of DHL service points across the UK
• Or, we recommend arranging a same day free home collection - more info can be found here.  

Let me know if you need any more info  

Cheers,
Nick

[biggieg]

Jan 13, 2023 13:40:20 GMT 1 FairArt said:

Hi biggieg , 

Apologies for just getting to this question now!

On FairArt, you can either:

• Drop off your item at one of the 1,000s of DHL service points across the UK
• Or, we recommend arranging a same day free home collection - more info can be found here.  

Let me know if you need any more info  

Cheers,
Nick

No worries, that all sounds good thanks! 

[Daft Punk]

Dear All

Bought a couple of pieces from FairArt.

Both in mint condition with COAs.

Didn’t try out the Shipping with DHL as seller preferred to hand deliver.

Can highly recommend.

Great concept.

[FairArt]

Thank you for this Daft Punk! 

We're proud of our shipping solutions and hope you get to try them out soon. 

P.S. - An exciting new feature for sellers is coming this week...  

[Runit]

I like the look and the sound of this platform. Do you have an iPad app in the wings?

[Lroy]

Hello FairArt !

I just subscribe to your website, download the iphone app. , register and folow you on Insta !
So Ma I all good ?
I am a painter, a buyer or:and a seller
Are all the 3 of me, will find a seat in your home ?

Thanks !

[FairArt]

I’m glad to hear you like the look of FairArt Runit!

Regarding your question, early on we decided to prioritise the building of a website for a few reasons:

• Make FairArt as accessible as possible. Building an app first would would have limited collectors to certain platforms (i.e., iOS, Android, or both) - websites are accessible to all.
• A website gave us greater flexibility to launch fast and iterate quickly based on collector feedback. Maintaining both a website and platform-specific apps during this initial stage would have slowed us down considerably, both in terms of the launch and new features.

That being said, an app is certainly on the cards in the future. We hope for now however that the FairArt experience remains equally enjoyable across all devices.

[FairArt]

Hi Lroy,

Welcome to the family and thank you for the support!

All collectors are always welcome to a seat at our table - we especially love it when artists get involved with FairArt.

We’d be more that happy to chat through any questions you might have by pm or on here.

Cheers,
Nick

[Lroy]

Jan 23, 2023 21:56:59 GMT 1 FairArt said:

Hi Lroy ,

Welcome to the family and thank you for the support!

All collectors are always welcome to a seat at our table - we especially love it when artists get involved with FairArt.

We’d be more that happy to chat through any questions you might have by pm or on here.

Cheers,
Nick

Of course !
tx

[kashi]

Jan 6, 2023 20:45:06 GMT 1 Wearology said:

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.

Hi Wearology ,
Can you expand on that for me please? I understand that if an artist gives a piece to someone & asks that they not sell it on, then thats one thing, but do not unerstand why it might be important for dealers who wish to remain in 'good standing'? Is it because they have done something that one of their artists would not approve of? Please say more .. thank you  

[FairArt]

Hi kashi,

I’m sure Wearology will have something to say, but here are our two cents on this:

Dealers who break non-resale clauses risk being blacklisted from the galleries / artists they originally made the agreement with. Although there is little to no chance of any legal repercussions, the relationship between artist / dealer / gallery may fall apart.

As mentioned earlier in this thread, all transactions on FairArt are completely anonymous in attempt to encourage sellers who sell in spite of non-resale agreements to use the platform and support artists through royalties.

Hope this helped a bit 🙂

[kashi]

FairArt
Why would a dealer be given (or enter into) a non-resale agreement? Surely buying & selling is a dealer's business?
I understand that an artist may give to, or give special terms to, a friend or private individual which might include "don't ever sell this" but really its always going ot get sold at some point, whether in this generation or the next (I'm just clearing my mum & dad's house of the things that they held dear and know that I can't keep all of them .. some have to go. Sorry Mum, sorry Dad xxx)

[FairArt]

kashi, my understanding is that the primary purpose of a non-resale agreement is to slow down the process of the work reaching the secondary market, and therefore minimise the negative consequences of flipping - not to block a future resale altogether.

Then again, there are dealers who work exclusively for artists and help to get their works in galleries / museums / institutions and you’re right, resale agreements simply wouldn’t make sense in this case.

I think the definition of what makes someone an art dealer is a bit loose and understanding their association to non-resale agreements is in part dependent on this.