Acquisition Policy
The Artifice Gallery LLC
Effective Date: March 1st, 2026
1. Purpose
The Artifice Gallery LLC (“The Artifice”) may acquire works of art selectively to support long-term institutional vision, intellectual continuity, and collection development aligned with its curatorial mission.
Acquisitions are not primarily speculative in nature and are intended to reinforce the cultural and historical narrative of The Artifice.
2. Scope & Limitations
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Acquisitions shall be limited to no more than three (3) works per calendar year
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Acquisition expenditures shall not exceed 10% of the prior year’s total operating expenses
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The Artifice shall not incur debt for the purpose of acquiring artwork
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All acquisitions must be documented in writing and recorded in accounting records
3. Acquisition Criteria
Works considered for acquisition must meet at least one of the following:
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Represent a significant moment in The Artifice’s exhibition or programming history
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Demonstrate sustained intellectual or thematic alignment with The Artifice mission
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Reflect an ongoing relationship with an artist whose work contributes meaningfully to institutional continuity
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Serve as an anchor for future exhibitions, scholarship, or collection development
4. Classification of Holdings
All acquired works shall be classified at time of acquisition as one of the following:
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Permanent Collection (not intended for near-term resale)
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Inventory (Held for Potential Resale)
Unless otherwise designated, acquisitions default to Permanent Collection status.
5. Conflict of Interest Disclosure
If The Artifice holds work by an artist exhibited in programming, ownership shall be disclosed transparently in relevant exhibition documentation.
6. Deaccession
The Artifice reserves the right to deaccession works when aligned with long-term institutional strategy. Deaccession decisions shall prioritize institutional integrity over short-term financial considerations.
Thomas Arthur Schaefer
Founder, The Artifice Gallery LLC
March 1st, 2026