Rise Art Commission, Fees and VAT

Rise Art connects artists with collectors. For supporting sales between the two, we charge a commission fee.

Commission, fees and VAT

  • Rise Art charges 40% commission on each sale.
  • Before the commission, there is a payment charge of 3% to cover bank card processing fees.
  • For sellers in the EU, the commission and payment charge are subject to UK VAT (20%). Sellers outside of the EU and EU VAT registered sellers outside the UK who have supplied Rise Art with a valid EU VAT number will not typically be charged VAT.

Here is a pricing example for an artwork selling for £1,000:

  • Artwork Sale Price: £1,000  
  • Payment Charge (3%): £30.00  
  • VAT on Payment Charge (20%): £6.00  
  • Remaining value before commission: £964.00
  • Rise Art Commission (40%): £385.60  
  • VAT on Rise Art Commission (20%): £77.10
  • Total Deduction: £498.70  
  • Seller Receipt: £501.30

A full list of charges and how payments are calculated can be found in our seller terms

Rentals commission fee

We offer two types of rentals: consumer and corporate. The client pays a rental fee based on a minimum of 1% of the artwork’s value per week (that’s standard for both types of rental). We normally take 50% commission on rental fees (that’s also standard for both). There are some differences between them too:

Consumer Rentals
  • For individual collectors who either want to try before they buy, or simply want to refresh their collection without having to purchase each time. 
  • There’s no minimum term so the rental fee we charge is slightly higher.
  • Rental fees are charged monthly, so you’ll get paid monthly too.
Corporate Rentals 
  • For clients such as interior designers, and companies who are looking for artwork in the workplace.
  • This is a six month minimum term rental contract.
  • Because of this, we offer a discounted trade rate (still keeping above the 1% per week threshold).
  • Rental fees are charged and paid to you quarterly (every three months).

Commission payments for all rentals are subject to the same rules as a standard sale:

  • Before commission, there is a payment charge of up to 3% to cover bank card processing fees.
  • For sellers in the EU, the commission and payment charge are subject to UK VAT (20%). Sellers outside of the EU and EU VAT registered sellers outside the UK who have supplied Rise Art with a valid EU VAT number will not typically be charged VAT.

Discounts

Discounts can be an important selling tool for artists and galleries alike, with a discount between 10 and 20% being a standard range.  For any discounts above 15%, we will always discuss with you first. 

If you have any preferences as to how discounts work for you, have a conversation with one of our team.

When will I get paid?

Our payment process starts once you’ve confirmed shipment of your artwork and you’ve provided us with a tracking number.

Your payment will come through in the month after you shipped the work. For example, if you shipped your work in August you can expect payment in September. You’ll be emailed a commission statement beforehand which will outline all the details.

We have two payment runs at the beginning and in the middle of each month.

To avoid delays, make sure that your payment details are up to date in the Seller Console. For help updating payment details, follow the instructions in step 5.

Payments under £50/€50/$50

For payments to artists which are under £50/€50/$50 we issue payment every six months. Processing payments under this amount costs us both money and gives us time to increase the payment amount if another sale is made in the meantime. 

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