It has happened again!
Even after all my years of experience and advocacy for artists &makers, vague terminology has caused a rift and something akin to gut wrenching experience. My reputation is on the line. Months of work may vaporize. And all because of vague terminology.
While I can't reveal much about a volatile situation at this point, I have a question for everyone.
"As in past years, the artist will keep 50% of the proceeds with the other 50% serving as a fundraiser. The artist is responsible for setting a minimum price for the artwork."
My question for today is what would you consider a "minimum price"?
Does minimum price mean:
- below wholesale
- below retail
What would be your assumption?
How do you define the term minimum price in this context? Please leave your response or opinion in the comments below.
More questions soon.
The PROFESSIONAL GUIDELINES has four documents about Fundraising Auctions: