The art world has come a long way in democratising creativity, but has yet to democratise ownership.

 

Think of other creative industries; filmmakers, authors, musicians... they all receive royalties for their work. Why should it be different for artists? It shouldn’t. 

 

That is why, at FairArt, we are establishing the first international royalty scheme for artists

Why does FairArt pay out royalties?

FairArt is a marketplace where Buyers can make anonymous offers on a wide variety of artworks, books, collectibles and merchandise based both on the item's current valuation on the site, and also how much you're willing to pay for it. FairArt’s anonymous nature aims to make buying a hassle-free experience: Buyers see the lowest available sale price (as well as all other active list prices for a specific item).

 

Since both Buyers and Sellers can set their respective offers, a sale on FairArt doesn’t begin until a Seller and a Buyer agree on a price through a Seller’s Listing matching a Buyer’s Bid (or vice versa). 

 

As a Buyer, you have two ways to match with a Seller on FairArt - you can either: “Buy Now” or “Bid” on your desired item.

 

Buy now: If an item has at least 1 active listing, you can decide to buy it immediately by selecting ‘Buy now’. You will be purchasing the item at the current Lowest Listing (the lowest available price). 

 

Bid: If there are no active listings, or you decide the Lowest Listing is too high, you can instead submit a Bid at a price of your choice (if you have the Highest Bid, a seller who places a Listing that matches yours will automatically sell to you).

How do I buy on FairArt?

FairArt is a marketplace where Sellers can make anonymous offers for a wide variety of artworks, books, collectibles and merchandise based both on the item's current valuation on the site, and also how much you're willing to sell it for. FairArt’s anonymous nature aims to make selling a hassle-free experience: Sellers see the highest available bid price (as well as all other active bids currently available for a specific item).

 

Since both Buyers and Sellers can set their respective offers, a sale on FairArt doesn’t begin until a Seller and a Buyer agree on a price through a Buyer's Bid matching a Seller's list price (or vice versa). 

 

As a Seller, you have two ways to match with a Buyer on FairArt - you can either: “Sell Now” or “List” your item.

 

Sell now: If an item has at least 1 active bid, you can decide to sell it immediately by selecting ‘Sell Now’. The price you will be selling at is the ‘Highest Bid’.

 

List: If there are no active bids, or you decide the ‘Highest bid’ price is too low, you can instead submit a list at a price of your choice (if you have the ‘Lowest Listing’, a buyer who places a Bid that matches your List will automatically buy it from you).

How do I sell on FairArt?

FairArt uses an innovative multi-layered authentication process to authenticate its works. 

 

Each artwork on FairArt is individually assessed before being made available to buy or sell on the platform and during this assessment the team come up with a set of unique requirements for each that the seller must match. 

 

An internal rating system for all sellers based on their presence in the industry, sales history, referrals, in depth background checks and more.

 

Certain artworks require additional documentation to be uploaded and checked by the FairArt team before a transaction can be completed. 

 

If all else fails, we will lean on our partner artists to help with the authentication process. After all, it is in their interest to receive the FairArt art royalty and remove fraudulent collectors of their work from the market. 

 

If there are any signs of wear and tear to an item, the FairArt team will immediately remove it from the platform. Everything sold on FairArt must be ‘as new’.

 

Furthermore, the buyer’s funds are not released to the seller until the item has been well received and checked by the buyer.

How does FairArt verify artworks?

Our competitive fees are calculated to maximise both value for buyers and profits for sellers. 

 

Our fees are under constant review and adapted in line with the lowest fees in the industry.

 

For more on our fees see [here](https://www.fairart.io/how-it-works/fees).

Spend less. Give back more.

Spend less. Give back more.

Creating a fairer, more profitable art market for all

Creating a fairer, more profitable art market for all

Creating a fairer, more profitable art market for all

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Buy. Sell. Give Back.

Buy. Sell. Give Back.

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