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 a 42.5% commission on the sale price of each artwork.

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

Artwork Sale Price: $1,000
Rise Art Commission (42.5%): $425.00
Seller Receipt: $575.00

For sellers in the UK, Rise Art’s commission charge is subject to UK VAT (20%). This is because Rise Art is a VAT Registered company and is required to charge VAT by law. VAT registered sellers within the UK may be eligible to claim back this VAT depending on the VAT scheme in place.

A full list of charges and how payments are calculated can be found in our Seller Terms which can be accessed via the Seller Console dashboard.

Rentals commission fee - UK Sellers Only

We offer two types of rentals: consumer and corporate. These rental options are available for UK based artists only.

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 the commission, there is a payment charge of 3% to cover bank card processing fees. This is a charge issued by the bank.
For sellers in the UK, the commission and payment charge are subject to UK VAT (20%). This is because Rise Art is a VAT Registered company and is required to charge VAT by law. Sellers outside of the UK 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.

Per the Seller Terms, Rise Art has the right to offer discounts of up to 10% on your behalf. For any discounts that will impact your earnings and are greater than 10%, we will request your approval first.

When will I get paid?

Our payment process starts once your artwork has been shipped. First, you’ll be emailed a commission statement which will outline the commission breakdown and payment due date.

You will be paid within 30 days from the date the artwork was shipped. For example, if your artwork was shipped on 30th August, you can expect payment on or before 30th September.

Our payment terms are strictly on the basis that there are no pending issues with the order and that we have your correct payment details. To avoid delays, make sure that your payment details are up to date in the Seller Console.

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.

Zero rating VAT on your artwork price

If you're a VAT registered seller, you may be required to remove VAT on artworks if they are to be exported outside of your country or region. For example:

If you are a UK based seller and you are VAT registered, you may be asked to remove the VAT if the artwork is being exported outside of the UK.
If you are an EU based seller and you are VAT registered, you may be asked to remove the VAT if the artwork is being exported outside of the EU. VAT would still apply for intra-EU sales.

You'll receive further information and instructions from us should you be required to remove VAT on an artwork.

If you are VAT registered, please let us know - you can add your VAT status and number in the Seller Console.