A Berlin gallery with exhibition space, operated through a UG established in 2009. Sales, exhibitions and relationships with artists and collectors need to be considered together.
Distinguish owned inventory from consignment business carefully in a gallery. Review ownership of works, commission arrangements and reliance on individual artists or collectors.
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Country
Germany
Region
Berlin
Legal form
UG (limited liability)
Founded
2009
Reported status
Active
Interest described
Majority interest
Reported employees
7
Locations
1
Reported annual revenue¹
€3,456,254
Reported Crefo index
298
Reported bank balance²
€495,859
Reported liabilities²
€263,863
Reported loss carryforward²
€0
Reported bank account
Yes
Reported clearance certificate
Yes
Reported domain
Yes
Reported website
Yes
Price information
On request
Assessing the business model
Distinguish owned inventory from consignment business carefully in a gallery. Review ownership of works, commission arrangements and reliance on individual artists or collectors. Without that context, revenue is only partly informative and does not establish that an equally substantial stock of saleable works belongs to the business.
Questions for a handover
A handover should include catalogues, provenance records, insurance and artist agreements. Review lease conditions and existing commitments for the exhibition space. Handle client relationships with appropriate confidentiality while assessing the current gallerist’s role in curation, sales and the personal network on which the business depends.
Records for the next stage
The profile reflects the information currently on file. Current figures and supporting records need to be checked during the enquiry and review. ¹ The revenue entry refers to three years without an annual breakdown. ² Balance-sheet and account figures do not specify a reference date.
Figures, ownership and legal circumstances require a separate due diligence process.