Wednesday, May 5, 2010
Have just registered ten works to the S.C.R.E.A.M. INC website for participation in their art project. The works can also be seen in my Facebook photo album; http://www.facebook.com/album.php?aid=2062342&id=1381040993
S.C.R.E.A.M. iNC. has just launched an online concept gallery that offers collectors and artists financial transparency within a logical pricing framework and reports the results in an 'Index' format.
All works listed in the Gallery Index will be offered at one of three price ranges in a hybrid retail-auction system developed by S.C.R.E.A.M. iNC.
$ 500 - $ 1,000
$ 2,500 - $ 5,000
$ 5,000 - $ 10,000
Through the duration of this event artists will receive 80% of the final bid amount.
Artists that sell at least one work of art within this period, which is also successfully delivered to the client, will be 'locked' in at the current percentage rate of 80%.
All works must be shipped to client by artist. Artist will receive 50% payment before shipping work and the balance after delivery to client.
Art the artist has 3 paintings hanging in the neighborhood cafe and several more in her studio that she would like to show. She excitedly decides to apply to S.C.R.E.A.M. iNC. with the following paintings:
3 medium @ 5,000 = $ 15,000
2 large @ 10,000 = $ 20,000
5 small @ 1,000 = $ 5,000 ( 3 from cafe)
10 Works of Art
High Market Value $ 40,000
Min. Market Value $ 20,000
Scenario A: Catherine the collector decides she likes Art's work and calls SCREAM iNC.to place a bid. She puts a $2,500 dollar bid on a medium painting and buys one of the smaller pieces outright. The smaller painting is shipped to her right away and if she is not out-bid by the end of the modeling period she will win the medium sized painting.
Scenario B: Carl the collector sees a few paintings he likes and doesn't want to take the chance of being out bid so he visits www.screaminc.net and buys the work online and pays full price. When the sale is validated and monies received the artist will be paid 50% of the final price and the balance after successful delivery to the client.