Exchanges of Value
And other creative compensation models
Art is a business and good business relationships should be mutually beneficial. Sometime when paying cash is difficult, a full or partial exchange of 'true' value may be agreeable to those involved. 'True' value refers to something that has a cash equivalent and quantitatively helps the arts practitioner to cover art production and living expenses.
Examples for a shop, restaurant, bar or cafe start-up:
- The business hosts, promotes and covers the expenses of an exhibition reception.
- The business agrees to an equivalent art rental fee being taken by the artist over a specified time in business goods and services provided 'at cost'.
- The business agrees to pay a 4% rental fee on the art displayed if no sales of equal or greater value happen as a result of the owners' promotions by the end of a specified time period (Fee Guides).
- Rent to own!
- Artist is promoted in all business promotions, including weekly social media postings.
- The business agrees to give the artist the bar or food sales proceeds from a particular time period, encouraging the artist to populate the establishment.
- Gift certificates
- Goods and services are exchanged for art.
- Get creative and share on Art$Pay!
