Buy. Sell. Give Back.
Artist royalties must become the new standard.
For every sale, 1/4 of our fees go back to the artist.
No matter how many times a work is sold and resold the artist will always receive a royalty on FairArt.
It may seem counterintuitive, but FairArt’s industry-leading fees make it profitable to support artists. There are no more excuses.
Why should artists receive royalties?
Why should artists receive royalties?
The art world has come a long way in democratising creativity, but has yet to democratise ownership.
Think of other creative industries. Filmmakers, authors, musicians... they all receive royalties for their work. Why should it be different for artists? It shouldn’t. That is why, at FairArt, we are establishing the first international royalty scheme for artists.
“Outside of live performance we’re the only art form that doesn’t have some form of residuals.” - Hank Willis Thomas
Fairness
Fairness
Artists should be able to share in the upside of the value they create for others.
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Think of artists who throughout their careers have been hampered by social injustice, and have only just begun experiencing success. Many are now towards the latter stages of their careers, are less active and cannot fairly benefit from their overdue recognition.
Financial Security
Financial Security
Artist royalties will help provide a long-overdue decent living wage for all artists.
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Despite being the industry’s lifeforce, artists are treated as outsiders. In an occupation that lacks benefits, workers compensation and pensions, there is a desperate need for new sources of revenue.
Continuity
Continuity
Artist royalties will allow your favourite artists to be bolder in their work.
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A recent study found that 73% of artists would use royalties for materials and 63% for studio space. FairArt’s royalties will allow artists to take on projects that perhaps previously seemed impossible.
Generation after generation of artist calls for fair compensation have fallen on deaf ears.
We think it’s about time somebody listened.
“I’ve been working my ass off just for you to make that profit...”
Robert Rauschenberg
“All artists talk about it. No one is happy with how it goes. At the end of the day, it’s just all about supporting the artists.”
Nina Chanel
“It’s a question of basic fairness.”
Chuck Close
“Benefits from the appreciation of artworks accrue entirely to others, despite the artist’s ongoing work in developing their practice and building the value of their works.”
Frank Stella
Charity Releases
The gift that keeps on giving.
The growing number of charity releases by artists to support causes close to their hearts makes the need for royalties ever more pressing. For all past charity releases, FairArt commits to donate royalties back to the artist’s chosen charity.
On FairArt, the artist’s initial donation takes on a much greater and lasting impact, becoming the gift that keeps on giving.
