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. This is a charge issued by the bank.
  • For sellers in the UK, the commission, shipping charges 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.

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 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.  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. 

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 (or, if you are a VAT registered seller based in the EU, you may be required to remove VAT on artworks only if they are to be exported out of the EU). You'll receive further information and instructions from us should you be required to remove VAT on an artwork.

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