At Rise Art, you can now opt to negotiate the price of original works from £500 upwards.
By Sophie Heatley | 08 May 2024
The art market is constantly evolving, and customers often negotiate the price of their favourite piece before becoming its proud owner, a practice well-established thanks to auctions. Auctions have long been the stage where enthusiasts engage in the tango of price haggling, shaping the value of each piece according to the ebb and flow of supply and demand.
While auction houses witness nearly 50% of all art transactions, the art of negotiation is not confined to the hammer’s fall; it spills beyond the auction room into galleries, ateliers, and now the digital realm.
How do I negotiate the price of an artwork on Rise Art?
At Rise Art, you can now opt to negotiate the price of original works from £500 upwards. To initiate negotiations on Rise Art, simply submit your offer by filling in the designated field.
Out of respect for the work of our artists, Rise Art has decided to limit the price negotiation of works on the site to 20%. All offers will be sent directly to the artist, so please only make an offer if you are truly interested in purchasing the work.
What happens once I’ve made an offer?
The artist has the prerogative to either accept your offer or propose an alternative counteroffer. Should the latter occur, you will be notified within 48 hours, ensuring a transparent and responsive negotiation process. If your offer is accepted, you’re under no obligation to purchase the artwork. However, please be aware that the artwork will not be reserved until payment has been made.
For more information, please contact us at advisors@riseart.com or see this FAQ.