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How Galleries Operate
- Galleries sell art on a commission basis, usually taking 50%.
- Galleries may also take commissions between 10 to 50% on artworks sold.
- When an artist is represented by a gallery, they have to pay a part of the profit as commission for every sold artwork.
- If you are an independent artist, the entire amount comes to you.
Services Offered by Galleries
- Galleries can offer services like installation, advice about art as investment, and help to choose art for homes or offices.
- Galleries also provide services in buying and selling in the secondary art market.
Gallery Commission Structure
- Most galleries take around 50% commission from pieces you sell.
- Some galleries take 40%, but rarely more than 50%.
- Dealers typically sell art directly to buyers, with exhibitions held at gallery spaces.
- Art lovers and collectors purchase the art, with dealers taking 30% to 60% of the profits.
Selling Art Online
- The best places to sell artwork online are Etsy and Amazon.
- UGallery carefully curates its selection of art to appeal to art enthusiasts and collectors.
- UGallery has a highly selective application process.
Artists and Gallery Income
- Artists can earn income from galleries through sales commissions, monthly payments, and fees for services.
- However, most galleries take around a 50% commission on pieces sold.
Gallery Expenses and Revenue
- The revenue from commissions goes towards the gallery’s expenses like rent, staff wages, and marketing.
- The profit margin for galleries is approximately 6.5 percent on average.
- Galleries also earn income beyond commissions, like government funding and grants.
- After paying artists, rent is a gallery’s largest expense.
Exhibiting Art and Group Shows
- To get art exhibited in a gallery, research galleries, prepare a portfolio, draft submissions, and follow up.
- Galleries also offer space to a group of artists creating work based on a common theme to share risk across multiple artists.
Buying Art from Galleries
- Galleries sell art on commission, usually taking 50%.
- Galleries take 10 to 50% commission on sold artworks.
- Galleries offer services like installation and buying and selling in the secondary market.