Can we negotiate the price of a work of art in a gallery?

Published on : 15 April 20213 min reading time
In order to acquire good quality works of art at reasonable prices, it is best to initiate an effective negotiation procedure. To do so, you have to respect some mandatory conditions. In any case, you should turn to a certified gallery to avoid inconvenience. Be aware that the price may depend on certain criteria.

It should be noted that some galleries offer you the possibility to make a payment in 2 to 3 times. It is possible to negotiate the price of a work of art provided that certain conditions are met. First of all, you must be a good customer. This initiative is also possible if the work to be acquired has been on deposit for a long time. Obviously, you can benefit from a price reduction in case of multiple purchases or in case of overvaluation. Some galleries need liquidity quickly. Therefore, you may be able to get a discount if you pay in cash.

In order to fall in love with a painting or a sculpture, you will do better to buy the art of a masterpiece in a gallery. By choosing this option, you have the opportunity to research, discover, hesitate and interact with others who share the same passion. In most cases, a gallery takes an average margin of 50%. However, this depends on the commitments, the level of expenses, the success of the artist, the probability of selling and the rarity of the production. If you find it a little expensive, you have the option of negotiating the price of a piece of art. In general, a gallery can give you a 5% to 15% discount. 

If you want to negotiate the price of a work of art, you should not play the competition between different galleries. You should also not give yourself the appearance of a connoisseur. In any case, there should be no room for shyness. Indeed, some clients are afraid to lose face by making an honest negotiation. They are especially afraid of presenting the image of a person who cannot afford a luxury item. However, everyone has the right to negotiate the price of a work of art and gallery owners are already familiar with negotiation because it is a business.

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