Art is an expensive business and running a gallery can be even more so. From cutting costs to expanding services, there are a handful of things that gallery owners can do to save money and even bring more in.
Cut Shipping Costs. Shipping and art handling costs can be big expenses for small art galleries. Consider hiring a company that specializes in safe transport and setup of artwork and exhibitions that has competitive fees.
Diversify Your Services. If you have the staff and the know-how, try to expand your services. Find those pieces that your customers ask for and charge a finder’s fee. Consider joining forces with a company that specializes in collection management, to offer another service to your customers.
Partner With a Company That Offers Art Moving Services. Art collectors like to do business with galleries that offer a variety of services. In the same vein of the previous tip, when a collector buys a painting, they can’t always transport it home. If you find a company that offers art handling and shipping services, you might find that transferring the piece to its new owner is more convenient and cheaper.
Consider Offering Appraisal Services. Appraisal services can be big for art galleries. Some art collectors find it tremendously helpful to acquire a piece of art and have it appraised at the same time, from the same companies.
It can take time to see the savings, but if you’re serious about cutting costs and expanding your services as outlined above, Museo Vault can help.
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