1. What’s the Artfizz difference?
Buying and selling art can be complicated. Our goal is to make it easier. To see a full description of the Terms and Conditions of How It Works at Artfizz, take a look at our Terms and Conditions. Here’s a quick overview as well…
NO LISTING FEE!
Traditional auction houses charge multiple fees for listing your artwork as well as a commission for reselling it. At Artfizz, everyone is a VIP, listing an artwork is $0, and there’s no hidden costs or fees.
THREE WAYS TO SELL
We provide members three ways to list and sell artworks – Buy It Now, regular Incremental Bidding, and Sealed Bidding auctions. If you select Sealed Bidding, all bids will be private and only the winning bidder and the seller will be notified of the sale price.
Successful buyers pay Artfizz a 15% commission on top of the winning bid/Buy It Now price. Nothing else, and guess what….
HALF GOES TO THE ARTIST
Artfizz is promoting fairness to artists. That’s why we’ll distribute half of the commission Artfizz receives on eligible aftermarket sales back to the artist. It’s the right thing to do.
2. How do I submit an artwork?
Anyone in the Artfizz community can submit an artwork for sale via our website. All you have to do is complete your account with your name, address, phone and KYC information. To ensure we maintain quality and transparency at all times, we have some basic house rules:
- Only members can list artworks (you just have to sign up!)
- You will need to provide at least one professional quality image of the front of the artwork. The rest you can take yourself with your smart phone.
- The condition of the artwork should be fair to perfect. Any damage to the artwork or frame must be detailed in the listing.
- To encourage buyer confidence, it’s helpful for works over $50,000 be submitted with a professional condition report.
- Tell us as much as you can about the piece.
- Suggest a price and your reserve.
- Listings with Certificates of Authenticity are more likely to sell. If you have one or can get one, it’s a great idea to include it.
THE ACCEPTANCE PROCESS
As soon as you submit the required information and images, we will review your submission and get back to you within five business days. Our goal is for works go from submission to close in under three weeks – we like a quick sale!
3. How do I bid on or buy an artwork?
BEFORE YOU BID
Our regular auctions last two weeks with two days of viewing prior to the auction start. All items are sold as individual auctions, not as part of a curated group. We plan to auction a select number of pieces each day. To bid on an artwork, you must first sign up to create an account and provide your credit card information. If you’re following an art piece, wait for the auction to start.
Once an auction has begun, you can start bidding. Before you make your first bid, you will need to submit a credit card for us to keep. If your bid is successful, our commission will be charged to that card at the end of the auction. Our payment processing vendor will also charge a fee, which will be included on top of the commission amount.
BID ENDING SOON
During the last 2 minutes of an Artfizz auction, the clock adds an additional 2 minutes after every bid and continues to do so until no more bids are placed and the auction ends. This gives everyone a fair chance to consider and place their bids and gives sellers a chance to sell to the true highest bidder.
BUY IT NOW/MAKE AN OFFER
Our “Buy It Now” option works much the same as our online bidding items, but there are a few differences. Works will be listed for two weeks with no preview period. Buyers will either be able to “Buy it Now” for the list price, or make an offer. On secondary sales, if you click “Buy It Now” or your offer is accepted by the aftermarket seller (more on this below), you will be charged the Artfizz commission to confirm the sale plus the applicable payment processing vendor fee. If the work is purchased on the primary market from a gallery, there is no buyer commission.
For those moments when you want a little privacy… Sealed bids means your bidding activity is private. You simply enter your bid, based on what you want to pay for the piece, and at the end of the auction, the highest bid offered wins. Only the seller and winning bidder will be notified of the final sale amount. Auctions will last two weeks. Buyers will be notified only if they do not reach the reserve with their bid. They will not be notified of the reserve amount.
4. What happens when a listing ends?
WHEN YOU HAVE THE WINNING BID OR “BUY IT NOW”
When the auction is closed, the Artfizz commission and the processing fee for that commission only will be automatically charged to your credit card on file. This commission payment and processing fee are non-refundable. You will be connected directly with the seller to complete the transaction and arrange shipping. All transactions must be completed within 10 days of auction close and all artwork must be collected within thirty days of auction close.
When an auction closes, the listing will no longer be displayed on the site. If a piece does not sell, it can be re-listed after six months.
CAN’T FIND A SHIPPER?
Try ICEFAT, the International Convention of Exhibition and Fine Art Transporters.
Disclaimer alert! Artfizz is not liable for and has no control over the action or conduct of any shipper and Artfizz is not liable for any loss or damage of any kind sustained as a result of engaging any such shipper. The information provided above is for convenience only and does not constitute sponsorship, referral, affiliation or endorsement of any kind.
5. Artfizz Artist Royalty
Our goal is to keep artists at the center of everything we do. The Artfizz Artist Royalty is one small step towards achieving that. To begin with this will be a manual registration process, but we will have an online portal very soon.
If one of your works is resold on Artfizz (secondary/aftermarket sales), we will pay half of the commission we receive to you as a royalty. Payments not claimed within one year of auction close will be donated to the Foundation for Contemporary Arts’ Emergency Grant Fund. For more information, visit our Terms and Conditions of Use.
To claim your royalty, please reach out to us by email at firstname.lastname@example.org no later than twelve months after your piece sells (secondary market sales only) on the site. To process the request, we will need the following information:
- A completed W9 tax form.
- Contact information for a gallery representative for us to confirm your identity (If you don’t currently have a representing gallery, it can be your most recent gallery).
If you have any other questions, please contact us at email@example.com.