ChatterBank56 mins ago
Need Art Gallery
Hi, Have an Edgar Hunt animal framed oil. Original. Looking for a gallery that buys that style of painting. Anyone know of one please preferably East Midlands. Don't say auction - 25% fee is a rip off. Thanks
Answers
No best answer has yet been selected by joe1. Once a best answer has been selected, it will be shown here.
For more on marking an answer as the "Best Answer", please visit our FAQ.I've dabbled in buying and selling antiques (although not in the fine arts) and I know that the usual policy of antiques dealers is never to offer private sellers more than a third of what they expect to sell an item for. I strongly suspect that will apply to art galleries too.
So, say, you've got a painting that's worth £3000 on the open market, a gallery will probably offer you around £1000 but, with luck, you might push them up to closer to £1500 (but only if they really want it).
If you sell at auction though, a private buyer might well bid £2500 (which, with the buyer's premium, will probably take their outlay up to around the market value of the painting anyway). An auction house such as Mellors & Kirk (in Nottingham) will charge you 15% + VAT commission on the hammer price (=£450), leaving you with £2050, which is still a lot better than what you'd get from selling to a gallery.