
How Artists Price Their Work Without Underselling
Galleries typically keep 25 to 50 percent of a sale, and consignment keeps ownership and risk with the artist until a buyer pays.

Galleries typically keep 25 to 50 percent of a sale, and consignment keeps ownership and risk with the artist until a buyer pays.

The hammer price is the winning bid; buyer's premiums, seller commissions and United States resale law decide who actually keeps the money.

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