Monthly Installment Plans
Buy now, Pay Later
A large number of high-ticket (high-value and high-priced) items we buy in the US are actually bought on credit. Multiple industries: car sales, real-estate sales, kitchen appliances, high-end electronics, even our cell phones have adopted "financing" options over the years.
According to Motley Fool, the average American has about $1,700 in monthly discretionary income. This is the amount of money left after paying all bills and major expenses.
Large art pieces about $1,000 then are candidates for financing or monthly installment plans.
price per month
Remember when an iPhone used to cost less than $500, and we didn't need a monthly plan?
Over the years, iPhone's prices have climbed closer to the "monthly discretionary income" threshold.
Apple understands that and now offers an additional way to pay for its phone. They basically offer a monthly installment plan (e.g. $9.54/mo).
always a little behind
What about the Art Market?
The art market historically has catered toward people with higher discretionary incomes. As the art prices have climbed over the last 20 years, fewer and fewer people can afford original art.
Yet, the market is finally catching up to reality and several companies are now offering zero-hassle, low-interest financing options specifically for original art.
One of them, we will discuss below. However, credit can be obtained from other vendors such as eBay, PayPal, your credit card, and many others.
Art House SF Partnership with ARTMoney
On October 11, 2019, ArtHouse SF partnered with ArtMoney in an effort to make buying art more affordable for our clients. We recognize that art must be accessible and affordable. In fact, it's part of our mission to offer original art in all price ranges, finding alternative ways to finance original artworks, and lowering our expenses so that we can offer your better prices for our artwork.
Partnership with ArtMoney is the first step in this direction, one of many to come. ArtMoney is an innovative service that started in Australia and is now expanding to the United States. It has over 1,000 partner galleries worldwide and is well represented at all major art fairs.
How does it work? You as a collector pay a 10% downpayment on the art work you like from ArtHouse SF. You take the artwork home. Then, you pay 9 more monthly installments. Zero Interest. We pay the interest for you.
Art House SF
ArtMoney installment plan
We partner with Art Money - to make art more accessible, to support artists, and to help build a sustainable creative economy.
With Art Money you take your art home and pay over 10 monthly payments, no interest.
We provide a commission to Art Money who pay us immediately, so we can pay the artist straight away. It’s a win win.
Art Money credit is available from $1200 to $50,000. It’s fast, easy and secure. Apply online.
Review our other guides:
What is a Giclee print? | How to Hang a Painting | How to Afford Art | Art Installment Plans | Preserving Artwork | Art Framing Guide