Frequently Asked Questions
FAQ for Buyers...
In an auction-style listing, our creator name a starting price and you bid against other buyers. You can keep track of your bidding from the Auctions section of My Account. When the auction period ends, the highest bidder wins the auction and pays for the art creation.
Remember, a bid is a binding contract. When you bid on an item in an auction, you're committing to buy it if you win.
Automatic bidding is the easiest way to bid on an Arts Liberty auction. Simply enter the highest price you’re willing to pay for an art creation, and we'll do the rest.
Once you set up automatic bidding, you can stay ahead of the competition for an art creation without needing to be on our site.
To set up automatic bidding on an auction listing, enter the maximum amount you’d like to pay for the item and select Place bid. We’ll bid in increments on your behalf to keep you in the lead but only up to your limit.
We’ll let you know if someone outbids you and you can decide if you want to increase your maximum limit.
Keep in mind when you’re deciding on the maximum amount you’d like to pay that you’ll need to pay the cost of shipping too.
If you are outbid immediately after placing a bid, it’s likely that another bidder is using automatic bidding and has a maximum limit higher than yours. You’ll need to increase your maximum limit in order to be the highest bidder.
When someone else places a bid, we’ll place a slightly higher bid on your behalf if you have selected auto bid. The amount the bid increases by is known as a bid increment. Bid increments are smaller when the bid price is low and larger in higher price brackets.
Occasionally you’ll see bids increase by less. This means that someone else placed a bid slightly higher than your automatic bid amount.
A reserve price is the minimum amount the seller is willing to sell an art piece for. If the reserve price isn't met, the art piece won't be sold.
Sellers can choose to add a reserve price when listing an art piece in an Arts Liberty auction. Unless they state their reserve price in the listing, you won't know what it is until the end of the bidding
If the bid is ended and your winning bid is below the reserve price, you'll see a "Reserve not met" message. This means that although you're the highest bidder, you have not win the art piece.
If there’s a Buy It Now option, you can purchase the art piece right away without waiting for the auction to end
Bide your time. You stand a greater chance of getting the item by placing your highest bid in the closing seconds
If an auction listing has a reserve price, bid up to that amount as early as possible, so other bidders aren’t attracted by the low starting price
Try bidding an uneven amount. Thinking of spending $1000.50? Try $1000.63 instead. Those extra few cents can make all the difference
To see your bidding history, go to My Account and select Bids/Offers.
There you'll find any items you're currently bidding on, items you bid on but didn't win, and any Best Offers you've made.
The seller may have ended the listing early – although this is something we strongly discourage. Or, if the seller breached one of our policies, we may have had to cancel the listing.
The seller may have applied for auction time extension. Or, when during the last 10 minutes of auction, there has been bid placed, the auction time will be extended automatically up to 10 minutes (for instance, when a bid is placed 3 minutes before the auction is to be closed, then 7 more minutes will be extended to the auction to make the auction to end in 10 minutes), this measure is to avoid auction sniping.
Help define what ownership means in blockchain.
You have broad rights to use the art associated with your NFT. You can do any of the following:
Use the art for your own personal, non-commercial use;
Use the art when you’re on a marketplace such as Arts Liberty that allows the purchase and sale of your art, so long as the marketplace cryptographically verifies that you are the owner;
Use the art when you’re on a third party website or app that allows the inclusion, involvement, or participation of your art, so long as the website/app cryptographically verifies that you are the owner, and the art doesn’t stay on the website/app after you’ve left; and
Use the art to commercialize your own merchandise, provided that you aren’t earning more than US$100,000 in revenue each year from doing so.
There are a few things that aren’t appropriate uses for your NFT art. They include:
Modifying the art;
Using the art to market or sell third-party products;
Using the art in connection with images of hatred, violence, or other inappropriate behavior; or
Trying to trademark your art, or otherwise acquire intellectual property rights in it.
Artists and creators traditionally have had two options:
Ξ Open source their work and relinquish all rights to it
Ξ Copyright their work, locking down their rights but severely restricting its reach
The NFT License offers a more practical middle ground. We hope the NFT License establish sustainable businesses and offer creators a secure path to monetization.
It’s personal, non-commercial use if you’re copying or using your NFT art in a way that doesn’t involve selling or using it (or trying to sell or use it) for commercial gain. Some examples of personal, non-commercial use include:
Ξ Printing a copy of your NFT art on a t-shirt or hat that you wear yourself, or give to a small group of friends;
Ξ Commissioning a famous painter to paint a special painting of your NFT art, that you put on your wall at home; or
Making a video using your NFT art, that you share with your family or a small group of friends.
The goal is to make sure that you enjoy the full benefits of NFT ownership. First and foremost, that means making every effort to make sure that only the real owner of the NFT gets to use the art associated with it. This is done through our ARTe Tag.
Just like your NFT, the art is unique. If anyone could simply change their own NFT to look like yours, that wouldn’t be cool. So, we ask that you don’t change your art to look like anyone else’s! If you want a NFT with different attributes, have fun creating it yourself the way the game intended!
Yes, so long as you’re earning less than $100,000 in gross revenue per year as a result of your efforts. If you’re earning (or think you might earn) more than that, you’ll need to contact the creator of the NFT and negotiate a special commercial use license. This special license might include a revenue share, a royalty payment, or other applicable terms.
Commercializing your art is exciting, but at the end of the day, businesses also need to have the right to make the big decisions about how the art gets used in a commercial setting.
For now, we’re operating on the honor system. We expect you to be honest, and to respect the fine balance we’re trying to create. If we discover that you’re not complying with the license in some way, we reserve the right to terminate the license. If that happens, while you’ll still own your NFT, you’ll lose the rights to use the art associated with it.