{"id":4268,"date":"2016-06-17T10:34:06","date_gmt":"2016-06-17T14:34:06","guid":{"rendered":"http:\/\/www.dawnbanning.com\/newsblog\/?p=4268"},"modified":"2016-06-17T10:34:14","modified_gmt":"2016-06-17T14:34:14","slug":"making-cents","status":"publish","type":"post","link":"http:\/\/www.dawnbanning.com\/newsblog\/making-cents\/","title":{"rendered":"Making Cents"},"content":{"rendered":"

\u201cIt doesn\u2019t make sense to some of us, you can clarify it.\u201d<\/p>\n

\u201cYou need to write about this stuff\u201d.<\/p>\n

Questions have been popping up in my inbox and in conversations surrounding the art industry.\u00a0Topics range from galleries, sponsorships, art fairs, shipping, industry standards, and how artists make money.\u00a0(see how my work is priced, click here<\/a>)<\/p>\n

\"DSC06112\"<\/a>New “Wild Sunflowers” 11×14 oil<\/p>\n

Because it\u2019s the most frequent question, let\u2019s start with the money talk.<\/p>\n

Artists are paid solely from the sale of their work.<\/p>\n

Most galleries and artists offer free consulting, unlike other design firms who charge an hourly consulting wage.<\/p>\n

There isn\u2019t a benefit plan or painters union, (that I know of) thou I believe one exists for actors.<\/p>\n

Sponsorships:<\/strong><\/p>\n

Museums may have corporate sponsorships to assist with the cost of hosting exhibits, this money goes directly to the museum.<\/p>\n

It\u2019s very rare for artists to acquire corporate backing for expeditions or hosting exhibits.<\/p>\n

Unlike athletes who may receive free gear from sponsors, artists don\u2019t receive materials for free, thou some art suppliers offer bulk discounts. (How many consumers view you-tube to see an athlete win a race, vs. to see an artist paint?)<\/p>\n

Art Fairs:<\/strong><\/p>\n

Fairs are popular events to attend in the balmy days of summer, or near the holiday season. A few examples of booth fees to exhibit are:<\/p>\n

One of a Kind Exhibit (Toronto)- 10×20 booth- 7,113.00<\/p>\n

One of a Kind Exhibit (Chicago) 10×10 booth- 2,550.00<\/p>\n

Make it Vancouver- 15×10 booth- 1,350.00<\/p>\n

Artist Project (Toronto) 10×20 booth- 5,590.00<\/p>\n

Art in the Park (Windsor) 675.00<\/p>\n

Note: most fees are for booth space only. Lighting, props, etc, are extra. Many artists travel to these exhibits, add the cost of shipping work & booth materials, hotels, meals, etc and these events may cost a small fortune. Ironically, some patrons ask artists for a \u2018show special\/ discount\u2019. Why it\u2019s the norm to offer one doesn\u2019t make sense. (or cents, for that matter).<\/p>\n

\"DSC06136\"<\/a>New “Mountain Meadow” 11×14 oil<\/p>\n

Galleries:<\/strong><\/p>\n

In many countries galleries collect a minimum 50% commission.\u00a0(IE: an artist will collect 500$ on a painting sold for 1000$) Taxes are charged directly to the client as is framing cost.<\/p>\n

Few galleries pay their artists immediately upon the sale. Most wait 30 days to make certain the payment clears. One of my representing galleries had a minimum 60 day wait period.<\/p>\n

Shipping to galleries is paid by the artist. Shipping unsold work back to the artist is paid by the gallery. Clients are charged directly for shipping from galleries.<\/p>\n

With high commission rates and risk of my work getting lost among large collections, clients ask \u201dWhy the need to have art represented in galleries at all?<\/strong>\u201d<\/p>\n

It\u2019s a relevant question, because thanks to the worldwide web artists have access to a global audience at their fingertips.<\/p>\n

To be clear, I only seek representation with galleries of high ethics & reputation, selling quality work. (how I choose a gallery, click here<\/a>).<\/p>\n

Why<\/strong>:<\/p>\n