Business reporting on contemporary art: consignment terms, primary and secondary pricing, resale royalties, booth costs, shipping and insurance, and where a gallery's margin actually goes. Numbers are given where obtainable. Written for artists negotiating contracts and collectors who want the mechanics rather than the mystique.
Business News coverage from Art Real NY.
Selling a painting out of a Bushwick studio triggers the same state sales tax rules as a Chelsea gallery sale — here is what New York actually requires before that first transaction.