Vault Canvas

Trade Price

The trade price is the price you, the artist, receive from a sale after the gallery commission and any agreed costs are deducted from the retail price. It is the figure that matters for your studio income and tax. Keep your trade prices consistent across galleries: if Gallery A sells a work for £2,000 at a 50% commission, your trade price is £1,000, and the same work should yield a comparable trade price wherever it sells. Quoting a trade price directly to a collector who would normally buy through a gallery undermines your representation, so use it as an internal reference. Record retail and trade prices on every sales invoice and inventory entry so margins, commissions and income remain clear and auditable.

The trade price is the price you, the artist, receive from a sale after the gallery commission and any agreed costs are deducted from the retail price. It is the figure that matters for your studio income and tax. Keep your trade prices consistent across galleries: if Gallery A sells a work for £2,000 at a 50% commission, your trade price is £1,000, and the same work should yield a comparable trade price wherever it sells. Quoting a trade price directly to a collector who would normally buy through a gallery undermines your representation, so use it as an internal reference. Record retail and trade prices on every sales invoice and inventory entry so margins, commissions and income remain clear and auditable.