Lunch Special
Junior Member
๐จ๏ธ 1,447
๐๐ป 553
October 2010
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Guides to starting a gallery?, by Lunch Special on Jun 14, 2022 13:09:44 GMT 1, only 10%  ? most galleries take 50% as standard, so I'm surprised you can make any living with such small margins unless it's quantity over quality per se
only 10% ? most galleries take 50% as standard, so I'm surprised you can make any living with such small margins unless it's quantity over quality per se Completely opposite way of thinking. Most art dealers around the world know itโs a 10% mark up when moving pieces around for clients. As far as a gallery. If he makes 10% off 150000 opposed to 50% off of 30000 I would say thatโs quality over quantity. But then again hey what do I know. |
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Hey Brooklyn
New Member
๐จ๏ธ 63
๐๐ป 79
November 2017
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Guides to starting a gallery?, by Hey Brooklyn on Jun 14, 2022 14:11:41 GMT 1, Do it!
I believe Singapore has huge potential. The Asian market is getting bigger by the day and youโre talking about the financial hub of Asia. Hong Kong is a mess with the money and expats fleeing. Shanghai will lock down with just one sneeze in the streets.
People have small galleries anywhere. A women in East Hampton NY has one in her shed in her back yard, called โฆโฆThe Shed. Check out thecabinLA.com - Danny First has a world class gallery and residency in a fancier shed in his back yard.
I recommend the books โhow to start and run a commercial art galleryโ by Edward Winkleman. And โBOOMโ by Michael Shnyerson.
And yes. Donโt plan on making much money selling art at first. Like all business you need a smart and detailed business plan. Your own unique offering, vision and integrity. 50/50 split or a negotiated number around there is right assuming your talking about just primary market sales. If you start advising clients and placing secondary artworks then yeah, itโs a smaller commission.
There a dirty seedy cutthroat underbelly in the industry like all industries. But authenticity and hustle go a long way. Do it for the art and the artists you believe in. The work that needs to be seen. Itโs an honor to have the ability to hold the keys - To be the person that decides what is worthy of being shared and supported. And if you have the right eye, taste, connections and stamina you should do great.
Let us know what happens. Good luck.
Do it!
I believe Singapore has huge potential. The Asian market is getting bigger by the day and youโre talking about the financial hub of Asia. Hong Kong is a mess with the money and expats fleeing. Shanghai will lock down with just one sneeze in the streets.
People have small galleries anywhere. A women in East Hampton NY has one in her shed in her back yard, called โฆโฆThe Shed. Check out thecabinLA.com - Danny First has a world class gallery and residency in a fancier shed in his back yard.
I recommend the books โhow to start and run a commercial art galleryโ by Edward Winkleman. And โBOOMโ by Michael Shnyerson.
And yes. Donโt plan on making much money selling art at first. Like all business you need a smart and detailed business plan. Your own unique offering, vision and integrity. 50/50 split or a negotiated number around there is right assuming your talking about just primary market sales. If you start advising clients and placing secondary artworks then yeah, itโs a smaller commission.
There a dirty seedy cutthroat underbelly in the industry like all industries. But authenticity and hustle go a long way. Do it for the art and the artists you believe in. The work that needs to be seen. Itโs an honor to have the ability to hold the keys - To be the person that decides what is worthy of being shared and supported. And if you have the right eye, taste, connections and stamina you should do great.
Let us know what happens. Good luck.
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