How Do Artists Make Money?

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How do you make money as an artist? Many people who aren’t artists wonder this, and many seasoned artists wonder the same thing! Of course artists know that to make money, you must sell work. But there other methods of making money that you may not be aware of. Here are the top 10 ways that artists can make money. Each has a short description and a link to an article full of expert advice. Use this quick reference guide to help you make it as a career artist.

Commercial Galleries

Commercial galleries typically sell artists’ works at a commission. The typical commission that galleries take is somewhere between 40% and 50% of the sale of the work. This is determined by the contract. Whether you submit your work for sale by consignment or enter into an ongoing relationship with a gallery, the parameters should all be written down in a contract. We have put together two guides for you.
Nonprofit Galleries
Nonprofit galleries typically show work that is young, edgier, and cutting edge. Depending on the gallery, they will take a commission – usually not more than 30%. Nonprofit galleries typically do not “represent” artists or enter into contractual relationships with them.

Out of Studio

Many artists sell their work out of their studio by arranged visits oropen studios arranged with other artists. If you are represented by a gallery, that agreement may extend to “studio sales” or all sales of your work. If you do not have a formal relationship with a gallery, you obviously retain 100% of the sale.

Online

More artists are selling their work online. Any commission from an online website would be determined by the terms of use contract that you agreed to. Different sites charge a different percentage of a commission. Anywhere between 1-5% is normal; 10% is on the high end.

Private Commissions

Artists will do work on a commission basis. If collectors want a personalized work of art like a portrait, they will commission an artist. The artist sets the price and usually asks for a percentage of the price up front.
If you have a formal relationship with a gallery, they will likely take a cut of any commissioned work that they bring to you. Terms of commissions will be stated in your contract. Artists who do a lot of commission work have been interviewed to give you.

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Artikel ditulis oleh: Valerie Atkisson.

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