What if the
Seller Reneges
on the Sale? |
If the Seller fails to send both the art and the Seller's ArtEscrow Fee to ArtAmerica, the transaction
is void and a refund will be sent to the Buyer. The Seller has 48 hours to ship the art and forward their
ArtEscrow Check (4 days for ArtAmerica to receive them) before ArtAmerica will close the transaction. |
| Who Pays for Shipping? |
The Seller pays for the packing and shipping of the art to ArtAmerica and is responsible for any claims
or damage by either ArtAmerica or the Buyer. Upon receipt of the art by ArtAmerica, it is inspected,
photographed, and repackaged. ArtAmerica pays for the insured shipment to the Buyer using the Seller's
ArtEscrow fee. If the Buyer returns the art, they are responsible for the cost of shipping it to ArtAmerica.
ArtAmerica pays for the final return to the Seller using the Buyer's ArtEscrow fee. |
| How much is the Buyer's ArtEscrow Fee? |
The ArtMart Buyer initiates and essentially pays for the ArtAmerica ArtEscrow Service.
The fee is a basic minimum for handling plus a small percentage of the purchase price.
The specifics of the fee is available @ ArtEscrow Fees. |
| What's the Seller's ArtEscrow Fee? |
The Seller's ArtEscrow Fee is twice the insured shipping costs from the Seller to ArtAmerica.
This is to insure the good faith of the Seller and to cover ArtAmerica's shipping and handling expenses,
particularly in the event of the return of the art by the Buyer.
The Seller may incur additional packing costs if ArtAmerica determines that the packaging of the art is
insufficient to insure its safety. The Seller's ArtEscrow Fee can be estimated by the chart @
ArtEscrow Fees or determined by the actual packaged art, shipped via
UPS or FedEx insured two day service. |