[Art market] Charity auctioning proceeds?
Hello
I wasn’t sure whether to bracket this as art market or financial tbh
I was approached by a non profit to auction off one of my oil paintings for a charity. I’ve never done this before so I’m just wondering a few things to know of before accepting:
They said that I get to keep a certain amount of the proceeds up to the value of the painting itself. Is this usual for auctions? I had the belief that 100% of the proceeds went to the charity - just wondering about this
They said that it is up to the value - am curious as to how this would work if it was under the value. I’d be taking it for cheaper than the painting is worth. Wondering everyone’s thoughts and experiences on this
Were there any other conditions you guys had? I want to auction the painting off but I do also want my hard work to go to good use and value for the charity (and myself if that percentage was given to me)