Sell Your Warhol
Why Sell Warhol to Revolver Gallery?
WE ARE THE LARGEST BUYERS OF ANDY WARHOL SCREENPRINTS AND CANVASES.
WE PAY ABOVE AUCTION
Contact us for details.
WE OFFER SAME DAY PAY
After a piece is inspected, we wire payment the same day.
AVOID AUCTION FEES
Avoid auction related fees such as photography, consignment insurance, and marketing costs.
Why Sell Warhol Art to Revolver?
Selling any artwork can be a daunting experience, especially for those who are not familiar with the art world. Taking into account that you are trying to sell a piece from one of the world’s hottest artists, it is necessary to speak to experts before selling your Andy Warhol art. Below are some tips and an insider’s guide to navigating the selling process of the art world.
1) Determining Fair Market Value – Market value for a Warhol changes on a weekly basis. Pieces are constantly being bought and sold in the marketplace, and the availability of pieces fluctuates intermittently. A lot of sellers will call art galleries that frequently sell Andy Warhol pieces and ask for retail pricing, expecting to be able to sell their works for that fee. However, while sales prices in galleries change, this may not be a fair representation of the market value for a work you are trying to sell. Galleries have extensive contact lists and collectors, and they participate in expensive marketing to try and sell works at retail pricing.
With Warhols, there is also the factor of “blue chip” art. This term designates artists, such as Warhol, Pollock and Picasso, whose work is estimated to have continual growth in worth, despite any changing factors in the general economy. Market value for “blue chip” art is thus determined by auction results. The top auction houses have tens of thousands of clients and the largest reach for selling Warhol canvases or screenprints. The selling price of a work at auction is considered in the industry to be the fair market value for a work. Considering looking at Artnet.com and running a report to determine market value for your Warhol.
2) Auction Houses – Based on the above information, one might think it is smart to sell a work through an auction house. They have the largest customer base and determine market value, so it may appear to be the best route for selling a piece, but the process is not as streamlined as it might seem.
Working through auction houses can be a good experience, but it is necessary to understand the way auction houses work, in order to make the best decision on where to sell your art. The net selling cost of a piece is factored by the price determined by the auction house, known as the “hammer price,” plus a 25% “buyer’s premium,” a fee on top of the hammer price. If a work sells for $100,000, then $75,000 would go to the consignor who put the work up for auction. On top of that fee, the auction house will charge 10% as a commission, as well as up to 10% more for insurance, marketing and other charges. When all is said and done, you can expect to take home 60%-65% of the total sale price including the buyers premium.
Another factor to take into account when selling through an auction house is the time it takes to receive your money. While the house will pay you typically 14-30 days after the sale, it may take months before the sale takes place, and you can wait up to 6 months for payment.
3) Selling through a Gallery – Selling your art to Revolver gallery is the fastest way to receive your money. At Revolver, we always pay the current market value for your work based on what you would receive at auction, and we won’t make you wait to put the piece up for sale. Also, Revolver will pay you same day after the work is inspected. That is up to 6 months faster than auction houses! Plus, we are one of the largest buyers of Andy Warhol screenprints and canvases in the world.