How we pay.
The artist is paid before the sale. The house takes its share only after, and only from its own side of the split. Our ledger is published every quarter, with real names and real numbers.
The six things we promise.
We pay first. Before the work ships, before the show opens.
Every artist receives their full share before the work is sold — not when the buyer pays, not at the end of the quarter, not after a thirty-day hold. The house carries the cash-flow risk. It's the right way round.
The split is 70/30. The artist's seventy is not negotiated down.
We use the same split for everyone in the house, whether it's a first show or a fifth. If the house needs to absorb a production cost, it comes from the thirty — never from the seventy.
We do not discount artists. We set pieces aside instead.
When a collector asks for a lower price, we say no. The price is the artist's price. What we will do is hold a piece for a few weeks while you consider it.
We publish the ledger every quarter.
Names, amounts, what-for. Every payment to every artist, every quarter since 2024. We redact nothing except private correspondence.
If an artist leaves the house, the work stays theirs.
We don't hold a long representation contract. An artist can leave at any time, with sixty days' notice on any open commissions.
The house takes no secondary-market cut.
If a collector resells a piece years later, neither the house nor the artist sees a cut from the resale — unless the artist has a resale-royalty agreement of their own, which we support but don't profit from.
The split, worked through.
Seventy goes to the artist.
From the sale price: after transaction fees (~2.5%), the artist receives 70% of what remains. The house takes 30%, out of which we pay production, install, catalogue printing, rent, and salaries.
We pay the 70% to the artist in advance of any sale happening. If a piece doesn't sell, we eat the risk.
- Sale price€ 8,400
- Less: card fee (2.5%)— € 210
- After fees€ 8,190
- To the artist · 70%€ 5,734
- To the house · 30%€ 2,457
The current ledger.
Questions we get asked.
Honest answers. If your question isn't here, write to us.
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But how can you pay before the sale?
With our own capital. We set aside a pool of operating cash each quarter specifically for advance payments. If a show underperforms, the loss is ours, not the artist's.
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What does the house's 30% actually cover?
Rent on the Lisbon building, electricity and lights, the salaries of the two people who run the place, catalogue printing, framing and crating, install labour, photography, the newsletter, and the occasional residency stipend.
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What happens if a buyer returns a piece?
We have a 14-day reflection window on any work under €3,000, and 7 days on work above. If a piece is returned, the artist's payment is not reversed. The house absorbs it.
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Do you pay royalties on resale?
The house does not. Some artists are entitled to Artist's Resale Right payments on secondary sales, and we help them claim those — but the house takes no resale cut itself.
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Is the 70/30 actually sustainable?
At our scale — six to eight shows a year, fifteen to twenty represented artists — yes. It would be hard at larger scale. We do not plan to grow much beyond this. The house is designed to be small.
If something here doesn't add up, write to us.
A reply within the week, always from a real person.