FairArt - A New Kind of Marketplace

[FairArt]

Yes, you can now buy artworks on FairArt from anywhere in the world!

Currently the process is done manually, and we must therefore limit its availability for now.

You can learn more on how it works here. This is just the first step and we will look to gradually roll it out.

All of this is happening a lot earlier than we had anticipated, but we have been overwhelmed by requests from abroad and wanted to do something about it.

Have a good weekend all.

Cheers,
Nick

[Alberto Collecto]

That's big! Congratulations! 

[irl1]

Dec 6, 2022 15:55:19 GMT 1 FairArt said:

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.

Purchased some art from this site. Nick is a pure gentleman 

Had no problems and packing was bullet proof. 

I would recommend this site to anyone

Thank you Nick for all your help 

[FairArt]

Mar 14, 2023 14:33:10 GMT 1 irl1 said:

Dec 6, 2022 15:55:19 GMT 1 FairArt said:

Purchased some art from this site. Nick is a pure gentleman 

Had no problems and packing was bullet proof. 

I would recommend this site to anyone

Thank you Nick for all your help 

As are you irl1. It was a pleasure. 

Hope to see you back on FairArt soon 

[FairArt]

Hi everyone,

We thought this recent LeagueOTO article about FairArt might be of interest to some!

Cheers,
Nick

[its all about me]

Mar 15, 2023 17:38:23 GMT 1 FairArt said:

Hi everyone,

We thought this recent LeagueOTO article about FairArt might be of interest to some!

Cheers,
Nick

Interesting read.  I never realised you were so young!  

Hope FairArt is a great success and continues for many years to come.  

[jeeves]

I have a question - if I sell something but am only able to achieve lower than what I paid at retail / primary due to market changes then will the artist also therefore help by covering some of my loss? Or it just goes one way?

[Crime in the City]

Mar 15, 2023 19:31:59 GMT 1 jeeves said:

I have a question - if I sell something but am only able to achieve lower than what I paid at retail / primary due to market changes then will the artist also therefore help by covering some of my loss? Or it just goes one way?

lol

[its all about me]

Mar 15, 2023 19:31:59 GMT 1 jeeves said:

I have a question - if I sell something but am only able to achieve lower than what I paid at retail / primary due to market changes then will the artist also therefore help by covering some of my loss? Or it just goes one way?

I don't know if you are being serious or not but you can hardly expect an artist to pay you for selling his artwork cheaply.  

Perhaps I should pretend to sell my Banksy to my invisible friend for £10 then ask Banksy for 50K compensation. 

[drbf]

Mar 15, 2023 19:31:59 GMT 1 jeeves said:

I have a question - if I sell something but am only able to achieve lower than what I paid at retail / primary due to market changes then will the artist also therefore help by covering some of my loss? Or it just goes one way?

Only in Russia!!!

[jeeves]

Clearly I am playing devil’s advocate and it’s not a serious question. But if someone invests a lot of money in a piece of art (of course I’m not saying art is purely investment but when you’re talking in some cases tens of thousands of pounds of course it enters the equation), they make a good decision on what to buy and the price goes up then I don’t have a moral issue with them enjoying all of that upside. If there is a feeling that this is somehow unfair on the artist then I do not see why there should not be the same sentiment for buyers that buy something and then it loses value.

[irl1]

Mar 15, 2023 14:06:10 GMT 1 FairArt said:

Mar 14, 2023 14:33:10 GMT 1 irl1 said:

As are you irl1 . It was a pleasure. 

Hope to see you back on FairArt soon 

www.leagueoto.com/features/2023/3/13/art-of-disruption-fairart

Hats off to both of you, thank you    

[FairArt]

Thank you its all about me! We’ve gotten that a few times 🤣

Appreciate you irl1 💜

[dotdot]

still not signed up.

Anywhere we can see what's been sold recently ?

...to provide an idea of how it's actually going in terms of where people are , how transactions are working...

in general , health ... versus unhealthy.

trust is not easy thing to put your finger on.

Anyone who's used FA with gusto and progress , feel free to pm.

atb

..

[Manty]

Mar 17, 2023 16:41:10 GMT 1 dotdot said:

still not signed up.

Anywhere we can see what's been sold recently ?

...to provide an idea of how it's actually going in terms of where people are , how transactions are working...

in general , health ... versus unhealthy.

trust is not easy thing to put your finger on.

Anyone who's used FA with gusto and progress , feel free to pm.

atb

..

I have sold a couple of things. All good. Easy and quick
 Comms are good. Payment from when goods were received by the buyer is around a week. I like them, very switched on, hope it becomes a great success

[FairArt]

Mar 16, 2023 10:51:29 GMT 1 jeeves said:

Clearly I am playing devil’s advocate and it’s not a serious question. But if someone invests a lot of money in a piece of art (of course I’m not saying art is purely investment but when you’re talking in some cases tens of thousands of pounds of course it enters the equation), they make a good decision on what to buy and the price goes up then I don’t have a moral issue with them enjoying all of that upside. If there is a feeling that this is somehow unfair on the artist then I do not see why there should not be the same sentiment for buyers that buy something and then it loses value.

Thank you for the question jeeves. We want people to be engaged with and challenge the concept of royalties in this way.

I don’t think you’re alone in thinking this and I understand why collectors may be reluctant to give more away on a loss-making sale. This is exactly why it is a priority for FairArt to ensure that the inclusion of royalties does not create an additional burden in fees to sellers. Despite our royalties, sellers are ‘giving away’ just as much as they would with one of our competitors, whether the sale is for a loss or not.

Regarding a system in which royalties are not paid out on loss-making sales, there a number of reasons why we don’t think this is the right way forward:

• It would be logistically challenging to enforce and cause an unintended drag on prices that would disadvantage both collector and artist.
• This approach would equate collecting with investing, and place undue pressure on an artist to realise some form of financial appreciation for their collectors, which could restrict their desire to take creative risks in their work.
• It does not seem right that after purchasing a work from an artist, they should feel like they ‘owe’ you something. This is something that is more suited to NFTs, which are centred on the idea of community and continued ‘holder’ benefits.
• I think most would agree that when an artist’s market depreciates, it is rarely down to a lack of work or effort. More often than not, they fall victims to speculation on secondary markets that artificially inflate prices for a short period - something that they have little to no control over. If anything, these are the artists that need additional support.

We strongly believe in royalties, but we appreciate that they may not be for everyone. For these collectors, we hope that FairArt brings other benefits in the form of transparency, convenience and affordability.

Cheers,
Nick

[FairArt]

Mar 17, 2023 16:41:10 GMT 1 dotdot said:

still not signed up.

Anywhere we can see what's been sold recently ?

...to provide an idea of how it's actually going in terms of where people are , how transactions are working...

in general , health ... versus unhealthy.

trust is not easy thing to put your finger on.

Anyone who's used FA with gusto and progress , feel free to pm.

atb

..

Hope everyone had a good weekend. 

dotdot , I hope the many comments on this thread from forum members / FairArt users are helpful. These reviews may also be of interest. 

If there have been past sales, you can see this in the item's 'view sales' section. For example, there have been 3 sales of Weiwei's Pequi Tree. 

Please free to ask us any questions directly on this thread or get in touch with us privately and we can set up a call to walk you through the platform. 

Cheers,
Nick 

[irl1]

Mar 17, 2023 16:41:10 GMT 1 dotdot said:

still not signed up.

Anywhere we can see what's been sold recently ?

...to provide an idea of how it's actually going in terms of where people are , how transactions are working...

in general , health ... versus unhealthy.

trust is not easy thing to put your finger on.

Anyone who's used FA with gusto and progress , feel free to pm.

atb

..

Have purchased. Items 100% 

Packed very well would buy again for sure 

[FairArt]

Hello everyone, we’ve got a new feature announcement!

Bulk listing lets you lets you sell multiple works in just a few clicks.

We’ve managed to list as many as 100 works in 15 minutes - the below video gives you an idea of how it all works.

Use of this new feature is currently limited to FairArt partners, to apply please email [e-mail] or get in touch via the live chat on FairArt.

Cheers,
Nick

[FairArt]

Hello everyone,

We’ve got another new feature announcement.

Once again, this has been added in response to your feedback, so please keep it coming!

You can now ‘follow’ your favourite artist(s) and be updated on any new listing, offer or sale of their work on FairArt.

You can also now add artworks to a ‘watchlist’ to ensure you never miss a sale or change in price again.

You can see how it works in the video below.

Cheers, 

Nick

[Crime in the City]

Feb 18, 2023 15:30:35 GMT 1 Acme Thunderer said:

Feb 18, 2023 14:37:22 GMT 1 Daylight Robber said:

I would now like to ask who Sam is please. A few weeks ago he contacted me on eBay asking if I wanted to sell an item on Fairart instead of eBay. He said he was a friend of the founder of Fairart and did the soft sell thing. After I listed another piece he tried again, only this time he then went on to list the same item on eBay whilst undercutting on price and advertising it for sale on Fairart for less, in the eBay description. Something doesn't sit right. Sorry.

I know someone else who was contacted via eBay (acting on behalf of Fairart) as they asked me what I knew about them. Below are the messages they forwarded to me. I quickly worked out that the person was even a member on this forum as well.





Got to admit, my first thought was that is a VERY underhand tactic and any business who adopts this method is untrustworthy.

I certainly don’t like companies who try to steal business away from another (no matter how big or small).

These guys seem to pick and choose morality when it suits them...

[G$]

May 20, 2023 13:24:36 GMT 1 Crime in the City said:

Feb 18, 2023 15:30:35 GMT 1 Acme Thunderer said:

I know someone else who was contacted via eBay (acting on behalf of Fairart) as they asked me what I knew about them. Below are the messages they forwarded to me. I quickly worked out that the person was even a member on this forum as well.





Got to admit, my first thought was that is a VERY underhand tactic and any business who adopts this method is untrustworthy.

I certainly don’t like companies who try to steal business away from another (no matter how big or small).

These guys seem to pick and choose morality when it suits them...

Ooh, and it's so icky how they try and "steal" business away from other businesses. It's almost like they think that the whole business world is just one big competition for limited resources.

[Crime in the City]

May 20, 2023 13:43:28 GMT 1 G$ said:

May 20, 2023 13:24:36 GMT 1 Crime in the City said:

These guys seem to pick and choose morality when it suits them...

Ooh, and it's so icky how they try and "steal" business away from other businesses. It's almost like they think that the whole business world is just one big competition for limited resources.

Have a great weekend

[321-]

It's kind of funny that they advertise the royalties as their added value and then giving them less than the 4% that are stated in UK implementation (www.gov.uk/guidance/artists-resale-right) for everything between 1k and 50k. I quote the official document:

"Authors of original works of art are entitled to a royalty each time one of their works is resold through an art market professional."

"ARR derives from a European Directive and came into force in the UK in 2006. The right only applies when the sale price reaches or exceeds the sterling equivalent of €1,000 and is calculated on a sliding scale."

"Royalty Resale price
4% up to €50,000"

For completeness, this is what fair art writes about their fees: www.fairart.io/how-it-works/fees

"We charge a 3% artist royalty."

But maybe they don't consider themselves art market professionals. Who knows.

[FairArt]

Hi 321-, 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 from 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.

Thanks,
Nick

[321-]

So simply put you don’t consider yourself an art market professional.

[King and a Duck]

We all know that flippers aren't interested in giving a percentage back to the artist.

I wonder how many people on here REALLY want to do it either. If I'm selling a piece, it's usually to fund a more expensive piece - I'm not really that bothered about giving Damien Hirst £300 to add to his pile of cash.

I'd rather list on here or on eBay, do a deal face-to-face and pay no fees.

FairArt give 3% to the artists and take 6% in fees. Twice the fairness for themselves.

[Humble Art Collector]

I can see the benefit of reach and also trust in the authenticity of a piece over someplace like ebay.  My bigger question is how does the artist actually get paid?  Do they have to ask for it? Do they proactively pay it out? What about a dead artist or the estate of a dead artists? Is there an audit trail is their proof of payments to artists?  If it is request based what it the time limit before the cash rolls into their pockets?  What % of the 3% for artists has actually made it to artists vs how much has rolled back in the the corporation?  I fully understand the goal but do the artists know about this and are they actually seeing the cash and payments? At 3% on a $1000 pice that is $30.  There is a lot of over head in cutting a check communicating with an artist, postage, wire transfers what not.  Where do those expenses get covered from the artists portion or from the companies 6%?

[King and a Duck]

Nice to see FairArt STILL trying to divert business from eBay. Every time it makes me want to use their platform even less.

[dotdot]

still unsure - and yeah it takes me an age to commit to anything

for some reason i still think the site makes little sense - and this is after being there to check it out a few times..

perhaps it's just me... or it all makes sense once you register.

..