Becoming an Art Dealer
To become an art dealer, possess extensive art knowledge. Although not necessary, businesses prefer postsecondary degrees in art history or fine art. You will learn about art movements. Central are advisory services to individuals, companies, or public bodies regarding purchases or valuations. Professionals promote artists and spread their work.
Dealers may start with works appraisal, negotiation, and mediation. Although commercial venues exhibit various mediums, specializing provides a competitive edge. Build a reputation of knowledgeability. While no education requirement exists, an art theory and criticism background help in buying and selling. These activities feed into profiting from later selling work. Unlike collectors, dealers focus on profits. With passion, embark on becoming an art dealer.
Income and Sales in Art Dealing
Income depends on sales. Commissions range from 5% to 50%. Many deals are $200 to $4,000, with 10% to 40% commissions. Focus and specialization in one or two areas enable being the best. Originality is expected like from artists. Prices are closely guarded by artists today. Although well paid, artists’ full worth is concealed by dealers. Top dealers sell works for mid five-figures up to millions. Lower-end dealers sell for a few hundred to thousands, bringing in 20% to 40%. Sales goals give income ideas.
Starting an Art Dealer Business
To become an art dealer, possess extensive art knowledge. Learn to communicate with collectors, artists, and managers. An entry-level gallery position provides experience. There’s no single path, but patience and knowing when to close deals help. Build deep art understanding, as knowledge, originality, and passion are essential qualifications.
Income depends on sales. Commissions range from 5% to 50%. Many deals earn $200 to $4,000, with 10% to 40% commissions. Focus and specialization in one or two areas enable being the best. Prices are now closely guarded by artists unlike previously. Although well paid, full artists’ worth is concealed by dealers. Top dealers sell works from mid five-figures up to millions. Lower-end dealers sell for a few hundred to thousands, bringing in 20% to 40%. Sales goals give income ideas.