Payment Policy & Schedule
1. Following the sale of artwork/s on the Art Station Marketplace sellers will be paid the amount equal to the sum of the total artwork retail value, as listed by the seller minus the 10% commission fee charged by Art Station.
2. Art Station operates on a monthly payment schedule. Artists will be will be paid for all artworks sold that calendar month on the final day of that respective month providing the criteria below has been met. Otherwise the payment will roll over until the following months payment run:
- The artwork has been delivered. We are unable to release the funds due to you without confirming the delivery of the artwork first. If we are unable to confirm delivery of the order for one of the following reasons: tracking number is incorrect, tracking information has not been updated, the customer hasn't confirmed delivery, the order in question will be put on hold until the delivery has been confirmed and we will reach out to you in this matter.
- Delivery confirmation must be received at least 24 hours before the scheduled payment date in order to be included in the payment run Otherwise, funds will be paid out to the artist in the next payment run the following month.
3. You are obligated to list you artworks strictly adhering to the policies dictated in terms and conditions 3.31 to 3.34
How much will I be paid?
1. Art Station charges commission at 10% on sales made through the marketplace.
Purchasing an Artwork/s
Customers who purchase artworks via the Art Station Marketplace will be charge immediately. Payment is sent securely to Art Stations designated account separate from our own funds. Our 10% commission is subtracted from the order total and the remaining funds are sent to the Sellers designated account on the last day of the respective month providing the artwork has been delivered.
How should I price my artworks?
Making art is about creative experiences that come from within; pricing art for sale is about what's happening in the outside world, where commodities are bought and sold, and where so many other factors dictate worth.
Follow our basic pricing strategy to get started!
Basic pricing strategy:
- Set an acceptable hourly rate
- Multiply this by the hours spent creating an artwork
- Adding costs for materials on top
For example, if you decided on an hourly rate of $20 and spent 25 hours creating your piece, the materials for which cost $100, your calculation would look like this:
- 25 hours x $20 hourly rate = $500
- Material costs = $100
- Artwork price = $500 + $100 = $600
Consider the Market:
Whilst it is of course important to price your artworks on their own merit, it is incredibly important to consider what's going on in the world of art around you:
- Consider the pricing of other artworks that are similar to yours by artists who have experienced similar professional success
- Compare your art in terms of size, style, medium
- Whilst it's easy to focus in on your area of the art market, don't make that focus too narrow - be aware of how others are pricing their artworks, even if they bear no resemblance to yours. Such knowledge as this is an indicator of the direction that the broader art market may be directed.
- Think objectively about your art and where it lies in the grand scheme of things. But think objectively - perhaps invite somebody who knows your work, but isn't family, or your harshest critic for that matter. You are looking for an objective valuation.
Setting prices for editions is not much different to the strategy above:
- Take the above basic pricing strategy and add value for additional considerations for the entire edition e.g. how much does it cost to produce an entire edition of 50 prints? And how many hours do you spend doing this?
- Then divide this total by the number of editions to get a price per unit
- Bear in mind that all editions should ideally sell out!
Other factors to consider:
- Exhibiting success and other accomplishments in the art world
- How long you have been selling for
- If you find yourself consistently selling the majority of your output over an extended period of time, you should consider upping your hourly rate, or applying a 10% increase to your existing prices.
- Can you justify the price? Can you break it down and explain it to another person? If not, it might make sense to review your pricing.