MicrostockGroup
Microstock Photography Forum - General => Selling Stock Direct => Topic started by: junglebay on December 09, 2015, 01:59
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Just want to know what your opinions are about the idea of auctioning off all your artwork as one lot.
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Lots of companies popping up that are basing their business model on a mixture of contributor owned content and their own owned content, so selling your collection shouldn't be that difficult.
Pricing it will be, however.
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Since the price will be determined by the bidders and so long as there is no minimum bid requirement, price may no longer be an issue for the buyer.
Without a reserve price however, if the winning bidder gets awarded the entire collection for a small price, will there be enough content makers who'd like to auction off their artwork collections?
Is there an artist (vector/images) out there willing to auction off his art (collection)?
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I have personally found that most contributors have a personal investment in their portfolios that goes beyond its pure monetary value. If you were to, for example, mathematically average out how much they are likely to make on the port in the next 5 years and offer them 70% of that, unless it matches their 'perceived' value, they are likely to be unhappy with that offer.
In fact, I get the distinct feeling that most contributors would rather sit on their port earning nothing than sell it for less than their perceived value of it.
That isn't to say contributors are wrong or right; there is a lot of emotional investment in one's media, so it's a tough thing to quantify. However, in answer to your question, you are likely going to have to offer something substantially more than you are willing to pay, or catch a contributor who is so disheartened with the business that they are on their way out.
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I have personally found that most contributors have a personal investment in their portfolios that goes beyond its pure monetary value. If you were to, for example, mathematically average out how much they are likely to make on the port in the next 5 years and offer them 70% of that, unless it matches their 'perceived' value, they are likely to be unhappy with that offer.
In fact, I get the distinct feeling that most contributors would rather sit on their port earning nothing than sell it for less than their perceived value of it.
That isn't to say contributors are wrong or right; there is a lot of emotional investment in one's media, so it's a tough thing to quantify. However, in answer to your question, you are likely going to have to offer something substantially more than you are willing to pay, or catch a contributor who is so disheartened with the business that they are on their way out.
Thank you for sharing your thoughts.
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You don't see much buying and selling of portfolios because the value usually isn't there on either side. A lot of portfolios probably should be worth more because of the time and quality in them, but they don't have the best opportunity for growth to a potential buyer. So, it is a lot easier for the artist to continue to run them.
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There may be a pricing or business model that could benefit all parties, but it probably wouldn't work in an all-or-nothing fashion. Perhaps sub-licensing batches of images at a set amount each image, per month or something. That could be fair as the contributor gets dedicated revenue from their media, and the licensee can make as much money as they want for one flat fee. And the contributor can continue to use their images.