What happens if the artwork does not sell?

More Selling Art articles

• DACS: How much is DACS?

  The artwork may be applicable for the deduction of Artist Resale Rights (ARR) which would be payable to DACS. The higher the sale price of the artwork the lower the overall royalty rate. The royalty is worked out according to a sliding scale from 4% to 0.25%. A link to the DACS calculator for an accurate quote can be found here.

  Hang-Up Gallery is committed to championing artists' rights and ensures the ARR is collected for relevant sales and paid to DACS.

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• DACS: What is Artist's Resale Rights?

  The Artist's Resale Right means that artists could be entitled to a royalty each time their work is resold with the involvement of an auction house, gallery or dealer for €1,000 or more.

  As of 1 January 2012, the Right in the UK was extended to cover sales of work by deceased artists still in copyright, which means that beneficiaries and heirs can now benefit. In the UK, copyright lasts for the lifetime of the artist plus 70 years after their death, to the end of that calendar year.

  This is the most significant new right for visual artists and their heirs in recent times, giving them an ongoing stake in the value of the artist's work.

  Hang-Up is committed to championing artists' rights and ensures the ARR is collected for relevant sales and paid to DACS.

  The higher the sale price of the artwork the lower the overall royalty rate. The royalty is worked out according to a sliding scale from 4% to 0.25%. A link to the DACS calculator for an accurate quote can be found here.

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• Are the commission fees negotiable?

  Commissions are fixed.

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• How do I apply for a Pest Control COA?

  COA's are issued by Pest Control. They can be applied for directly with the Pest Control Office. If the application is successful you will be contacted and a payment of £50 + VAT will be requested. You will then be issued a certificate of authenticity for your Banksy and it is ready to sell.

  Be aware the process is by no means immediate and can take anything from a few weeks to a few months or sometimes even years when there is a backlog.

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• How does the Sell Art service work?

  We sell your secondary market artwork and get you the best possible return. With over a decade of experience, we have an unrivalled global collector base and place artworks quickly and discretely.

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• How long does the sales process take?

  We aim to sell works within the contracted period of 60 days. Although when priced correctly and in line with the market, it can usually be quicker than this.

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• I have a Banksy artwork but I have no idea of its worth. Can you assist in pricing the artwork?

  We have an in-house tracking system with over ten years of pricing data from the sale of Banksy works from auctions, galleries and private sales. We follow the market very carefully, it’s our business.

  We use this information to calculate the current values so can assist with valuations if you are submitting work to our Sell Art service.
  

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• I have a Banksy print but no COA, can you still sell this?

  We can only accept Banksy prints for sale using our Sell Art service with a full Pest Control Certificate of Authentication.

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• I'm an artist. Can I submit my own work to consign?

  This service is for secondary market artworks from the artists listed and is designed to help collectors sell their work in the secondary market. If you are an artist seeking representation, it is best to contact the gallery directly.

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• Is there a charge to use this service?

  It is free to consign artwork with Hang-Up Gallery and we offer free no-obligation valuations.

  Once a work is sold, the gallery takes a commission from the final sales price.

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• Is there a minimum value to the artwork you accept on consignment?

  We accept artworks from the list of consignment artists with a value of £1,500 and above.

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• What are the commission charges once the artwork has sold?

  Please refer to our Sell Art page for the current commission rates.

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• What if the artwork I have sold arrives at the gallery damaged?

  We are liable for the artwork once it is in the gallery’s possession however it is the seller’s responsibility to ensure it reaches us in good order.

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• Who covers the shipping costs?

  It is the seller's responsibility to cover any and all costs relating to packing and shipping the artwork to the gallery. The gallery will then arrange with the buyer the onward shipping needs.

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• Who is responsible for import charges when sending artwork using the 'Sell Art' service?

  It is the responsibility of the seller to arrange for artwork(s) that are being sold to be shipped safely to the gallery.
  
  All postage and any customs fees incurred are the responsibility of the seller. The gallery will pay these fees on behalf of the seller and they will be deducted from the sales commission once the artwork is sold. If the artwork remains unsold and is requested back then any customs fees would be payable in advance of the artwork being returned.

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• Who is liable for insurance for artwork kept on consignment?

  Artworks left with the gallery are covered by a specialist insurance policy provided by XL Catlin and underwritten by Virtu.

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• Why choose Hang-Up to sell my Banksy artwork above other galleries?

  We have been collecting Banksy work for almost twenty years and operating in this field as a gallery for well over a decade, so we know it well! We are the biggest dealers worldwide in secondary market Banksy sales.

  We also offer some of the most competitive commission rates and our detailed knowledge of the marketplace ensures that, as a seller, you will receive the best possible returns.
  

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• Will Hang-Up keep my identity confidential?
  We treat client confidentiality very seriously and do not share any personal details of buyers or sellers.

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• What information do I need to submit a consignment?

  When submitting a consignment, we ask that you provide as much information as possible on the item in question. Please be open about the condition of the work and include detailed images if possible. Ideally, we would ask for images of the following:

  • The front
  • The back
  • Any details (signature, number, title, labels)
  • Any condition issues
  • Any Certificate of Authenticity
  • Any provenance documentation

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• How long does it take to receive a selling estimate?

  We will do our best to respond to your enquiry within 48 hours.

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• How is the pricing quoted?

  We quote a price bracket of how much the gallery estimates the artwork will fetch in the current market. We may market your artwork at a higher price to allow for client negotiations.

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• Is the service just for Banksy or all artists?

  As well as work from Banksy, we accept artwork on consignment from:
  

  • Andy Warhol
  • Boo Saville
  • Bridget Riley
  • Damien Hirst
  • David Hockney
  • David Shrigley
  • Derrick Adams
  • Gavin Turk
  • Grayson Perry
  • Harland Miller
  • Invader
  • Jean-Michel Basquiat
  • José Parlá
  • JR
  • Katherine Bernhardt
  • KAWS
  • Keith Haring
  • Mickalene Thomas
  • Nancy Fouts
  • Nicolas Party
  • Raymond Pettibon
  • Swoon
  • Takashi Murakami
  • Tracey Emin
  • Wole Lagunju
  • Yayoi Kusama
  • Yoshitomo Nara

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• I am an artist, can you sell my work?

  This service is for secondary market work from a select list of artists only. Please do not use this form for artwork submissions.

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