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for the 1st time from a london gallery - how much off the advertised price of £3.5k is the dealer likely to knock off if at all ? any advice appreciated thanks
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Why not do your own painting...?
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Offer him 3 grand and see what he says.
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It doesn't matter whether you are looking to buy a painting, or a house, or like myself this week, a fantastic
carbon fibre road bike for my daughter. You have to drive the deal down to the wire! It is best to have a reason for asking for a better price. Don't look at the shocking way that you see so called experts negotiating on some tv programmes! You need to bid way below the asking price. If you can find faults, or a reason, all the better. The last thing you want is buyer/seller remorse! This is when you do the deal at £3k and you are celebrating, and the seller is also celebrating! Then, next day, you are thinking "I wonder if he would have taken less" and he is thinking "he may have paid more"! You need the seller to say no at least three times. He may actually need the money more than you want to buy it! Then you express sincere disappointment and walk away. He may call you or you can go back and re-negotiate. |
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I've bought a few relatively expensive pieces of art in my time. These are my first few first time barters.
On the left are what they were advertised for, on the right, what I paid... £650 - £500 £1200 - £950 £2195 - £1800 Having said that, I've left twice as many pieces on the table when negotiating. It all depends how much you want it. I've bought several pieces now from the first (£500) gallery and I don't actually really barter with them now. They know me, and I know them, and we don't b*gger about, I just get 20%ish off advertised price. Most galleries take around 30-40% of the selling price. I'm not sure how much of the discounts they actually pass on to the artists, or how much of a hit they take themselves. |
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If it's in a London gallery, you can bet your life £3.5k is shamelessly overvalued.
I would take cash and ask for a massive discount, something like 50%. As a final offer take out two grand as tell 'em to take it or leave it. Thank me later. |
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which gallery ?
with all that cash be careful. |
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buy it off the artist after the show, the dealer will likely be getting 40% or so
2k sounds a decent deal for the artist |
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many thanks to all who replied
you all seem to be singing from the same songsheet so £2k will be the max. thanks again |
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£3.5K for a piece of art, if you took him to one side and put £1800 in cash in his hand and said 'that's what I'm prepared to pay and not aa penny more, take it or leave it' he would have to seriously think about. That's what I'd do anyway.
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donny correct but i guess you know try and avoid dealers but sometimes to get what you want,
this was for a wristwatch - dealer £2,300 it took a lot of searching and thought i would miss out but bought same for £1,300 i later met someone who uses x3, he buys watch say for 800 sells 2400! yep he's plenty of clients |
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Oops, I pretty much just said what munch man said whose post I didn't read beforehand. Great minds eh munchy
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tell him they're selling the exact same picture across the street for 999.99
when he's not looking poke a hole in it, then ask him how much discount for faulty merchandise take a photo of it on you digital camera, then go home and print you're own copy for free tell him you're the artist and you've decided not to sell it after all, then just take it try to convince him he's hung it upside down AND back to front, then come back in a few weeks when he's had no interest and offer to take it for free because it's wasting his wall space |
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1. Find an unused BBC camera.
2. Get friend to follow you into shop pointing BBC camera. 3. Tell proprietor you are filming a bargain hunt type programme. 4. Explain you have only £400 and any profits you make when it goes to auction will be donated to charity. 5. When proprietor says you can have it for £400 tell him you need to buy 9 more items and you didn't want to spend more than £50 on any one item. 6. After much thought, usually 5 seconds, proprietor will give you painting for £50. 7. So you don't feel a complete cad make sure you donate at least 50 pence to you chosen charity. Nearly forgot No8. Don't go anywhere near the gallery again. |
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Gissa grand up front and I'll nick it
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Men and exaggerating eh!!!!! No doubt the OP has a 9 inch c0ck and drives a Lambo.
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I wouldn't take a Lambo to pick up a painting, un less it was very small. Use the Bentley.
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