Stage 06 of 06
Terms
Ex works, nail to nail, temporary admission, reserve. The vocabulary the trade actually uses.
- 21 Ex Works Where responsibility passes from seller to buyer, and how much of a transaction that one phrase decides.
- 22 Nail to Nail Insurance covering a work from the moment it leaves one wall until it hangs on another. What it costs and what it excludes.
- 23 Temporary Admission How a work crosses a border for a fair without being imported. The mechanism, and what happens if it sells.
- 24 Resale Right The artist's entitlement to a share of subsequent sales in some jurisdictions — how it works and where it applies.