FAQs - Frequently Asked Questions
On this page you will find several of the most frequently asked questions.
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For Those New To Buying and Selling Art
Q: I don’t make too much money, should I still be investing?
A: Yes. It doesn’t take a million bucks to profit from the rising value of art. Think of Vincent Van Gogh. Much of his artwork sold for nearly nothing. Today, you can’t buy a piece for under $40 million. Now, think of how many people profited from buying and selling his work in between. Anyone can find the next Vah Gogh at any stage of the new artist’s life.
Q: What determines whether a price of art will go up in value?
A: Human Connection. Most of the time, when an artist creates a piece they do so to express a feeling. The more people that feeling appeals to, the more in demand that feeling is, and the more inclined the artwork is to appreciate. Of course the way in which that feeling is communicated (i.e the technique) is crucial. But if you don’t know that much about technique, just buy what you like. Chances are there are tons of people like you that will repurchase the piece you buy for the same reasons you bought it.
Q: How do I pick which piece I want to by?
A: Buy what you like. Simple.
Q: How does Buying/Selling on The Board of Investment Market work?
A: Members, Artists, and Galleries set the price of the artwork they place on the market. To list a price, they choose the duration that they would like to list the item by selecting an On Market Date/Time and Off Market Date/Time. They will then have the option to set the price of an item, and select to have it dropped or raised any percent (%) or dollar ($) amount they would like every day/hour/minute.
Or they will have the option to set recommended values which automatically list the piece to 20% higher then the purchasing price and drop 1% a day for 6 days.
For Those Experienced With Buying and Selling Art
Q: What are the benefits for selling art through The Board of Investment Art Platform?
A: More Money in Less Time. Traditional platforms often charge a 20% commission for selling your art. The Board of Investment Art will only charge you 10%. In addition, the Board of Investment Art Platform promotes your artwork to a larger audience so the chances of you selling it quicker are higher.
Q: What are the benefits for buying art through The Board of Investment Art Platform?
A: More Artists, Better Data. Traditional platforms often offer a select group of artists and rarely provide data as to why artwork is priced the way it is. The Board of Investment Art gives you access to more artists and shows purchasing history, society’s comments, and greater details of their artwork to better assist you in making educated purchasing decisions.
For Artists
Q: What are the benefits for selling art through The Board of Investment Art Platform?
A: Totally Free Promotion. You get your own dedicated Web page at absolutely no cost and The Board of Investment Art will drive traffic to it. There is only a 10% fee for selling your work. You have the ability to see the buyer and their comments on your work as it changes through different hands. There is the opportunity to raise the value of your artwork much more efficiently. Why not?
Q: How do I get paid?
It's simple! Just follow these instructions:
- Once your piece is bought, ship your work using the standard shipping procedure recommended on the site.
- After you have shipped the piece, send an e-mail of the tracking number to: shipping@boardofinvestmentart.com
- The Board of Investment Art will mail your check within 7-14 business days
For Galleries
Q: What are the benefits for selling art through The Board of Investment Art Platform?
A: Totally Free Promotion. You receive access to a wider range of potential customers. You are able to provide your existing customers with more beneficial data on the artwork you sell them. You get to promote your artists freely and there is only a 10% fee if you sell a piece. You have better tools such as purchase history data, comments, and details to assist you when acquiring new artists. Why not?
Shipping
Q: How do I ship the artwork?
A: The method in which artwork is shipped in is very important. The durability of the package insures the artwork’s safety and the presentation of the package can quite often make the difference between a one time and a repeat buyer. Below are recommendations for shipping unframed and framed artwork:
1. Unframed
Materials:
- Two sturdy pieces of cardboard
- Two sheets of acid free tissue paper
- Packing tape
Directions:
First place one sheet of acid free tissue paper on both sides of the artwork to prevent smudging. Then place the covered front side of the artwork against one sheet of cardboard. Tape all four corners of the covered artwork onto one sheet of cardboard to ensure that there will be no movement of the piece during shipping. Place the other piece of cardboard on the back of the artwork to prevent any sort of bending. Thoroughly rap the tape around each of the four corners of the cardboard. Make sure that the packaging is tightly bound around the artwork.
Take the wrapped artwork to UPS and ship Priority Mail.
2. Framed
Air Float Systems manufacturers strong boxes that come in multiple sizes with different custom foam inserts. Simply call them or visit their site and tell them where you reside and they will let you know of a dealer in your area where you can pick up a box to fit your artwork. You must give them all three dimensions (length, width and depth) of your framed piece to order the appropriate sized box. Strong boxes are a patented item and can be a bit pricey but are well worth the money to deliver your artwork safely.
If you can't find a strong box in your area, refer to the material list mentioned above. Cover the front end of your artwork in acid free tissue paper. Tape the tissue paper to the back of the frame, and cover with a piece of cardboard. Tape the corners of the cardboard to the frame, and take the package to UPS to ship Priority Mail.
Technical Questions
Coming Soon
