INTERACTING WITH DEALERS

Collectors interact with Dealers responsibly and transparently, avoiding any secretive, collusive, abusive, or exploitative behavior.
1

NOT REQUESTING ARTWORKS BELOW FAIR MARKET PRICE

Collector Adrienne has just announced the forthcoming opening of a large new exhibition space where she will present her collection with a different show annually. The press has responded very well to the announcement and everyone is talking about the opening with anticipation. She decides it is the right time to surf the hype and acquire a few more artworks for her new space. She visits gallery ARTONE the same afternoon and engages in a frank conversation with Kasia, one of the gallery’s directors: “I’d love to purchase the three paintings you’re showing right now but I think I can only afford one. A vast amount of money has gone into my new space. At the same time, I think it would be much better for the artist to show the three works together in my space, so that everyone can see them. The three paintings would look marvelous in the main hall. So, do you think you can sell all three of them to me for the price of one?” Adrienne asks. Is Adrienne’s proposal appropriate?
According to the code, the correct answer is this. If you have any questions or feedback on the code, we are very happy to listen to it so please contact us .
Well done, this is the correct answer according to the code.
According to the code, the correct answer is this. If you have any questions or feedback on the code, we are very happy to listen to it so please contact us .
Well done, this is the correct answer according to the code.
According to the code, the correct answer is this. If you have any questions or feedback on the code, we are very happy to listen to it so please contact us .
Well done, this is the correct answer according to the code.
2

NOT REQUESTING ARTWORKS BELOW FAIR MARKET PRICE

Collector László is spending his afternoon visiting the galleries in town. He is very famous and respected for his engagement and support for artists. When visiting gallery ARTONE, gallery director Sonia welcomes him very warmly and, after visiting the show, offers him a cup of tea. “I noticed that you really liked the sound installation in the mezzanine, László. We know how important it is for you to support young artists and we are willing to give you a 40% discount on the list price and to say thank you for your commitment.” If László was genuinely interested in the work, what would his most appropriate reaction be?
According to the code, the correct answer is this. If you have any questions or feedback on the code, we are very happy to listen to it so please contact us .
Well done, this is the correct answer according to the code.
According to the code, the correct answer is this. If you have any questions or feedback on the code, we are very happy to listen to it so please contact us .
Well done, this is the correct answer according to the code.
According to the code, the correct answer is this. If you have any questions or feedback on the code, we are very happy to listen to it so please contact us .
Well done, this is the correct answer according to the code.
3

DISCLOSING RELATIONS AND INTERESTS WITH DEALERS

Collector Daiyu has been invited to open her home and show her collection in the context of the “VIP collector program” of the fair FAIRART. When they read about this in the VIP program, gallery ARTONE immediately contacted Daiyu, a regular collector of theirs, to see if she would like to borrow a few artworks from artist Sandra. “You already have a few works by Sandra, and we think it would make total sense to show her two new installations as well. This would increase the strength of your display at home and emphasize your engagement with Sandra’s work. Everyone will be impressed. For us, it is also a positive thing as people will see Sandra’s work in the home of an opinion-leading collector.” What would Daiyu’s most appropriate answer be?
According to the code, the correct answer is this. If you have any questions or feedback on the code, we are very happy to listen to it so please contact us .
Well done, this is the correct answer according to the code.
According to the code, the correct answer is this. If you have any questions or feedback on the code, we are very happy to listen to it so please contact us .
Well done, this is the correct answer according to the code.
According to the code, the correct answer is this. If you have any questions or feedback on the code, we are very happy to listen to it so please contact us .
Well done, this is the correct answer according to the code.
4

NOT ENGAGING IN MARKET MANIPULATION WITH DEALERS

Collector Josip is well known for his extensive and valuable collection and for financially supporting several institutions. Today, Josip visits gallery ARTONE and is very interested in purchasing a painting by the coveted artist Amy. ARTONE associate director Maria very politely answers: “Josip, we are so flattered about your request. You know Amy’s work is very popular right now and we have a long waiting list. We could sell the painting to you but here is what we propose. You buy two of them with a good discount and then you donate one of them to the ARMO Museum. For some reason, Amy’s work is not in their collection yet which makes no sense. Only a collector like yourself could have her work enter ARMO’s collection. This would benefit absolutely everyone.” What would Josip’s most appropriate answer be?
According to the code, the correct answer is this. If you have any questions or feedback on the code, we are very happy to listen to it so please contact us .
Well done, this is the correct answer according to the code.
According to the code, the correct answer is this. If you have any questions or feedback on the code, we are very happy to listen to it so please contact us .
Well done, this is the correct answer according to the code.
According to the code, the correct answer is this. If you have any questions or feedback on the code, we are very happy to listen to it so please contact us .
Well done, this is the correct answer according to the code.
5

NOT ENGAGING IN MARKET MANIPULATION WITH DEALERS

Collector Vivian receives an unexpected teatime invitation from Giorgio, gallery ARTONE’s senior partner. When she gets to the gallery, she is surprised to see that her collector friend Amir is also there. Giorgio opens up the discussion: “Let’s get straight to the point, dear friends. You are both longstanding collectors of Fernanda’s work and her two large horse statues will be auctioned at Mimi Auction House next month. It is a great opportunity for these works to enter your collections, one each. What Amir suggested, and I agree, is that you bid against each other to make the price at least 100K for each so that Fernanda’s work gets to the price level it deserves. I will then give you a free artwork or two, to compensate for the higher price. Would this work? It’s a win-win situation for everyone and it greatly favors the artist.” What would Vivian’s most appropriate answer would be?
According to the code, the correct answer is this. If you have any questions or feedback on the code, we are very happy to listen to it so please contact us .
Well done, this is the correct answer according to the code.
According to the code, the correct answer is this. If you have any questions or feedback on the code, we are very happy to listen to it so please contact us .
Well done, this is the correct answer according to the code.
According to the code, the correct answer is this. If you have any questions or feedback on the code, we are very happy to listen to it so please contact us .
Well done, this is the correct answer according to the code.
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