Search
Log In
Online Art Events Art Fair Calendar Insights For Business

Commission, Fee and Pay Run Policy for Sellers, 17.03.2022

To sell Artworks through the Platform, a Seller must have a Seller Account in Follow.art platform.

A Seller account depends on status of the Seller and will determine the level of Commission that Follow.art is entitled to charge the Seller for each Artwork sold via Follow.art platform.

Follow.art is sharing Fees payable to Art Fair Organizers and/or Agents (Representatives) for acquiring Artists and/or Galleries to platform. Fee to be payable monthly to Art Fair Organizer/Agent for each Artwork sold by Artist and/or Gallery acquired.*** 

The Seller statuses and corresponding Commission percentages are as follows:

 

Seller Status Commission Fees
Gallery 20%
plus VAT in LV + EU**		 N/A
Artist 40%
plus VAT in LV + EU**		 N/A
Art Fair Organizer/Agent N/A 5% plus VAT in LV + EU**

 

** VAT will not be applicable to sellers based in the EU (from 2021)

*** Follow.art  reserves the right to defer the payment of Seller’s  Fees until the next pay run for any given Sale if the total payment amount is under €50 EUR  (depending on the currency of payment).

COMMISSION

For all Artworks sold through the Platform, each Seller must pay to Follow.art  commission (plus any applicable VAT ) based on the % applicable to their Seller status. Commission is calculated on the final Price at which the Artwork is sold under the relevant Contract in accordance with the Seller Terms and Conditions (Commission).

Commission is applied to the final price of the Artworks sold only, and not to Delivery Charges.

The Seller by publishing a Product (Artwork) has the possibility of selling art reproductions and licenses for the use of the image of his work(-s).

For Art Prints, the Seller specifies the price (Royalty fee) he wishes to receive when selling a printed product in return for the transfer made in favor of Follow.art. The seller receives 100% of the amount of royalties he fixed for the sale excluding Stripe comission.

 For image licenses, in the event of the sale of a Digital Product reproducing an Artist's work, the latter will receive a fixed price corresponding to 70% of the price excluding taxes invoiced to the Customer.

For Artworks discounted by Seller  through the Follow.art  ‘Sale’ functionality or made by us as authorised by Seller  under Clause 3.2 of the Seller Terms and Conditions , the Commission will be calculated according to the reduced Price at which the Customer purchases the Artwork under the Contract. 

Unless offered pursuant to Seller’s  authority under Clause 3.2 of the Seller Terms and Conditions or otherwise expressly agreed by Seller, any Platform-wide discounts and promotions offered to Customers on the Platform will be absorbed in full by Follow.art.

 

FEE

Fees payable by Follow.art to Art Fair Organizers and/or Agents (Representatives) for acquiring Artists and/or Galleries to platform. Fee to be payable monthly to Art Fair Organizer/Agent for each Artwork completely sold by Your Artist and/or Gallery acquired.*** 

Fee is calculated based to the final price of the Artworks sold only, and not to Delivery Charges. 

For Artworks discounted by Your acquired Artist/Gallery through the Follow.art  ‘Sale’ functionality or made by us as authorised by Your acquired Artist/Gallery  under Clause 3.2 of the Seller Terms and Conditions , the Fee will be calculated according to the reduced Price at which the Customer purchases the Artwork under the Contract.

 

VALUE ADDED TAX

We are obliged to charge 21% VAT on our Fees and Commission to all sellers based in Latvia, non registered VAT payers within EU and all Sellers outside of EU

For Sellers based in the EU that are VAT registered and have provided us with a valid VAT (or equivalent) registration number VAT will not be charged. Please note Follow.art  may require sufficient evidence of the registration and as required under EU law and regulation.

 

Exchange rate fluctuations 

Follow.art's main currency is EUR. There is a possibility for the Buyer to choose other currency so Artwork’s price will be recalculated in accordance with the official exchange rate of Latvijas Banka. By doing transactions in a foreign currency slight differences in pay runs may occur due to exchange rate fluctuations.  

   

Charity

In case of a particular Charity event organized via Platform  You are able to donate Your artwork for charity purposes. In such situations by Checking the Box Donate for Charity You are authorizing Platform to hold 99% of commission from net sales for further charity purposes.  Charitable donation is a subject to local tax deductions. It is Platform’ s right and responsibility to deduct tax amounts to  comply with all local tax regulations with respect to any sales completed on the Platform within Charity event.

 

PAY RUNS

Seller of any type shall open and maintain in his own name a payment account with a duly authorised payment services provider (Stripe payment platform)  to receive payments from us and include the details of it on the payments page in your Seller Account (Nominated Payment Account).  The payment method will be organized via Stripe online payment platform to a Nominated Payment Account held and registered by Seller.  

We will pay and charge only for complete order when delivery will be confirmed and 14-day return period will expire. 

For each pay run, Follow.art  will generate a statement (listing all orders qualifying for payout) as well as an invoice for the commission/fee. You will receive an email notification, along with a scheduled payment date. Statements will cover COMPLETE orders placed over a period of one week (and of one month in case of fees payable to Art Fair Organizers/Agents)  

The total paid by the customer for the order (artwork price after discount if applicable plus shipping plus VAT collection fee plus order processing fee) minus Follow.art  commission, and minus VAT processing fee and minus shipping and minus order processing fee (and VAT if applicable) will then be remitted to Gallery or Artist via the payment method of your choice.

Art Fair Organizer/Agent will receive payments once per month.  Follow.art  reserves the right to defer the payment of  Fees until the next pay run for any given Sale if the total payment amount is under €50 EUR  (depending on the currency of payment). 

To view statements and invoices Sellers are invited to go to Seller Dashboard .

IMPORTANT* We are unable to release the funds to you without confirming the delivery of the artwork first. If we are unable to confirm delivery of the order, the order in question will be put on hold until the delivery has been confirmed . Delivery confirmation must be received at least 48 hours before the scheduled payment date in order to be included in the payment run (subject to the usual 14 day return period in case of delayed deliveries). Otherwise, funds will be paid out to the Seller in the next payment run.