What does it cost?

We have made it simple to own art. Each share of an artwork costs 100 kroner. To make this work, we take fees on transactions on the platform. These fees cover the costs of the transaction, storage, insurance, documentation, and administration. Here is an overview of all the fees associated with buying and selling shares on Open Art Market.

For those buying shares in artworks, we charge a fee of 10% of the price of the shares, plus 5 kroner per transaction.

For co-owners who sell shares, we take a fee of 10%, plus 5 kroner per transaction.

For co-owners selling, we take a fee of 10% of the winning bid on the artwork.

When registering as a seller on the platform, we conduct a fraud-prevention check, which costs 100 kroner.

When registering an artwork on the platform, we charge an administration fee of 100 kroner.

When selling shares in artworks, we charge a fee of 10% of the price of the shares.

On behalf of the Fine Artists’ Aid Fund (Bildende Kunstneres Hjelpefond), we collect a 5% art fee on the sales amount.

For those who buy artworks directly, we charge a fee of 10% of the winning bid on the artwork.

For the person with the winning bid in an artwork auction, we charge a fee of 10% on top of the winning bid.