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the following contract is a revision of the artist’s reserved rights transfer and sale agreement created by conceptual art curator-publisher seth siegelaub and lawyer robert projansky in new york in 1971. the “artist’s contract,” or “the projansky agreement,” as it is known in art and legal circles respectively, is a model contract for artists to use when selling their work or transferring ownership. these developments diagram an art market that functions by accumulating and recirculating wealth at the top.created for this new context, this agreement is a way for artists to redirect the flow of that money, enabling it to make a positive contribution. some of these considerations are still worth heeding today, for as siegelaub stressed, it will often be an art dealer and not the artist who is responsible for presenting and negotiating the agreement with a potential collector, and they must feel supported and empowered in the risk that they take, (alongside the artist) in doing so.
the 1971 agreement’s emphasis on the individual was also criticized by members of the art workers coalition for ignoring models of redistribution, for although resale royalties were seen as an important step in establishing an equitable art economy, the awc also demanded that a royalty from the sale of deceased artists’ works should be collected and redirected to artists who were financially precarious, including in the form of an emergency healthcare fund. indeed, this new agreement has been inspired by the rise in artists’ foundations, and artists’ desire for a percentage of their sales to be directed back to their foundation. this revision re-orients the terms and principles of the 1971 agreement away from individual gain and towards redistribution, benefiting groups.3.
this art purchase agreement is entered into as of the date first set forth above (the “effective date”) by and between masterworks gallery, llc, sale. artist agrees to sell to purchaser the work of art created by artist named. “unity arch” (the “artwork”), as shown in exhibit a, subject to the terms the “artist’s contract,” or “the projansky agreement,” as it is known in art and legal circles respectively, is a model contract for artists to use when selling, art sale contract template, art sale contract template, artwork bill of sale pdf, artist contract agreement pdf, digital art sale contract.
the collector agrees to purchase the work for the agreed upon price of $. , and shall also pay applicable pennsylvania (6%) plus allegheny county (1%) (7% total) whereas, buyer is a visual artist and desires to purchase the previously mentioned terms described in this art project purchase agreement (“agreement”);. the parties shall jointly determine the minimum sales price to be charged as to those art works to be created by artist during the term of this agreement., terms and conditions for selling art, art bill of sale, the artists reserved rights transfer and sale agreement, art contract law, digital art commission contract, art installation contract, transfer of art ownership, photography purchase agreement, projansky agreement, online gallery contract.
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