Thursday, May 8, 2008

Challenges faced by a Seller of Art

Hi ! We all have at some point bought art that we have enjoyed, but may consider selling it at a price. Today art is perceived as an asset that is illiquid, primarily because it’s hard to find an “easy exit” point. Considering that art has transcended geographical boundaries finding an exit point should be relatively easy? But that doesn’t seem to be…..Why is this so ? Where lies the problem in finding an exit point ? What is it that a seller of art should watch out for, when selling his art? What are the challenges faced by him?

This is a forum to freely exchange thoughts & experiences you have had, when you wanted to sell art. Your insights & experiences will prove very valuable to other art lovers participating in this forum.

6 comments:

Administrators said...

I think theres a problem when you want to connect with buyers when you want to offload a work that you brought. Given today's hectic lifestyle one doesn't really have the time to network and find a buyer. Mostly you have to resort to middlemen and then theres no control.

Suzette said...

The best solution I have found so far, is reselling on Ebay. It is by no means perfect, but you can reach some savvy international customers that would never be able to get access to the artwork talent that we have here. A lot of people close off their auctions to overseas buyers because of the shipping and customs forms hassle, so if you offer that, you have a one-up on most. My tip would be, if you do this, make an effort to be educated in the laws that would affect transactions in your area, i.e., in California: The California Resale Royalties Act." -Suzette at Websmith Solutions

Anonymous said...

The best solution I have found steel now, is reselling on EBay. A lot of people close off their auctions to in a foreign country buyers due to the delivery and customs forms harass.
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workhard said...

a good idea would to sell it on the internet, local websites would do.

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