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VU is an online platform designed as a vehicle for artists, collectors and galleries to offer works directly to buyers. The price point of works on the site is $20,000 and below. Our clients consign directly to VU for a fixed sale period.
NO, VU is not specifically an online auction platform. We offer our platform to not-for profit organizations for their benefit auctions only. Apart from hosting benefit auctions we operate with a “buy it now” model. Not every work is suitable for auction and better suited for a direct sale. Online and brick & mortar auction companies have minimum values for works that they sell. VU does not.
VU has been designed with simplicity and ease of use. We have created a streamlined process for submission and consignment. Works are submitted (via email@example.com) where a member of our team of specialists vets and researches the work. You are contacted by a member of our team within 48 hours detailing results of their research along with a suggested sale price and next steps. The final posted price is negotiated between the seller and our team prior to posting the work. We understand that works can hold intrinsic value as well as monetary value dictated by the current state of the secondary art market. Therefore, we endeavor to establish prices that will satisfy all the needs of the seller.
Works being offered on VU span multiple collecting categories: paintings, sculpture, photography, prints and multiples. Our sale categories continue to expand and grow.
Auction houses (brick & mortar and online) and other online platforms have minimum price points for works consigned to them for sale. VU presents an opportunity to sellers to offer works that would otherwise not meet the minimum requirements of other platforms. These lower priced works do still hold value and deserve a fair and transparent marketplace option.
Yes, VU charges a minimal commission to consignors. VU offers the most competitive consignment commissions in the industry. online and brick & mortar auction houses can charge in excess of 20% vendor’s commission. VU understands that these fees can seem excessive particularly with works at lower price points. It is for this reason we offer charge only 8% commission for the sale of their items.
Yes. VU partners with a select group of artists directly to offer their works directly on our platform.
Yes. VU partners directly with galleries and dealers to provide them with dedicated pages for offering select world from their inventory on our platform.
Yes. VU, partners with curators to offer them a digital platform to post online exhibitions.
The posting period on VU is flexible. our standard consignment period for items offered is 30 days However, this period can be extended or limited. The terms can be established on a per item or overall basis.
VU accepts multiple forms of payment (PayPal, credit cards and checks). Payments are completed via our streamlined checkout process.
No, VU does not take possession of your property prior to completion of a sale. In the ever developing world of e-commerce and online sales of art the need to take physical possession of a work has become increasingly less and less necessary. Not taking physical possession of the work helps minimize out-of-pocket expenses to our buyers and sellers.
Once the buyer of your work has completed our streamlined checkout process and payment has been cleared. Our team works with you to organize shipment of the work from the owner to you via a bonded and insured fine art shipper or qualified shipping entity.
Payment is remitted to our sellers once the work has been delivered to the buyer safely. Payments are held until delivery in good order is verified by the buyer. Once confirmation is received funds are remitted immediately.