Sale of Artwork. If any or all of the items on loan are made available for sale, Lender warrants that it has the right to sell and/or authorize the sale of such items. The City will retain a 30% commission on all sales made as a result of the exhibition. Sales must be handled through the Lincoln Center and are subject to State and City sales tax. The Lender must have a current W-9 form on file with the City in order to receive the proceeds of any sales.
Sale of Artwork. Artwork may be for sale or not for sale at the sole discression of the Artist.
Sale of Artwork. The Artwork held by each Series may be sold prior to the fifth anniversary of its Acquisition Date only if a compelling offer is received by the Managing Member and approved by a Majority Vote of the Series Members. The Series Members, by a Majority Vote, may cause the Managing Member to consummate a sale of the Artwork in either the sixth or seventh years following its Acquisition Date. If a prior sale has not been so approved, the Managing Member must sell the Artwork in the eighth year following the Acquisition Date (although the consummation of the transaction may extend into the following year). The Managing Member shall use commercially reasonable efforts to effect the sale of the Artwork at favorable prices and terms, but otherwise in its sole discretion (provided that any such sale shall only be for cash). The sale of the Artwork may be effected through a public auction or private sale, and if through a public auction, the Managing Member may form an investor group, including Series Members who wish to retain indirect ownership in the Artwork, to bid as a group to acquire the Artwork using the Auction Platform. Notwithstanding the foregoing, the Managing Member may be required to sell the Artwork without the approval of the Series Members if (a) the Series has incurred material Extraordinary Expenses which the Managing Member is unable or unwilling to fund and cannot find third party financing under reasonable terms, or (b) an Extraordinary Loan funded by a third party has matured and the Managing Member is unable to extend such maturity date or find alternative financing to repay the matured loan.
Sale of Artwork a. Artist shall determine the purchase price for the Art which shall be marketed by City at such price with intent to solicit a buyer for the Art.
b. If the sale of the Art is arranged during the Exhibit Period, Artist agrees to allow the display of the Art to continue to the Removal Date and not to finalize the sale of the Art prior to the Removal Date.
c. Artist agrees to pay City 10% of the purchase price of the Art as a fee for marketing expenses if the Art is sold as a result of its display as part of the City Public Art Loan Program. Such payment shall be made to City, in full, within 30 days of the date of sale. Artist agrees to allow City to examine any documents regarding to the sale of the Art, including copies of any invoices, receipts, negotiable instruments, or proof of payment by the purchaser for the purpose of verifying the amount of the commission.
d. Shipping and/or delivery of the Art, if sold, is the responsibility of Artist.
Sale of Artwork. It shall be the responsibility of the Artist to conduct the sale of the artwork with any respective Buyer.
Sale of Artwork. The Library will not be involved in the sale of any artwork beyond providing interested buyers with the artist’s contact information. Artists must deal directly with buyers.
Sale of Artwork. Sales of artwork by the artist (including prints, cards or other manufactured facsimiles) will be subject to a flat commission rate of 30%
Sale of Artwork. North American agrees to sell, convey, transfer, assign, and deliver to Channel America, and Channel America agrees to purchase, acquire and accept the Artwork free and clear of all liens.
Sale of Artwork. JWD will provide the Lender’s contact information to any JWD visitor interested in purchasing the Artwork. The Lender will have the opportunity at the end of the Exhibit to participate in a sale of Artwork displayed (and Lender’s other artwork). JWD will not participate directly in any sales of Artwork.
Sale of Artwork. Pricing of artwork will be negotiated between the ARTIST, CITY and X. Xxxxxxx Gallery. Artwork may be purchased during the exhibition. Gallery Director may offer the sale of the artwork to be paid in installments and will notify ARTIST if occurs. X. Xxxxxxx Gallery will process all transactions and handle sales tax. If artwork is not for sale “NFS”, exhibitor must indicate it on the exhibition contract. ARTIST shall receive payment on the 15th day of the month following the sale. ARTIST must not sell artwork included in this exhibition outside of X. Xxxxxxx Gallery during the exhibition dates.
