Introducing Bluethumb Layby
At Bluethumb we’re always thinking about how we can make buying art as smooth and as enjoyable an experience as possible. With that in mind, we’re excited to introduce our new layby feature coming this week!
Yep, the (ahem) rumours are true… Buying art just got a whole lot easier with layby. Sheeraz and Sarah, our sales superstars, are understandably excited!
Upon checkout, a buyer is given an option to create a layby arrangement with Bluethumb. The payment for an artwork is divided into four fortnightly instalments, all of which are interest-free. In order to secure the chosen artwork, the buyer needs to transfer a 25% deposit of the total price through EFT. This is their first instalment – the other three, each 25% of the total price, are then made every two weeks after. The artwork is delivered to the buyer once the final payment is made. Simple!
With Bluethumb Layby, it’s just three simple steps between a buyer and that dream piece!
“We are really excited about the new Bluethumb Layby option,” says Sheeraz, Bluethumb’s VP Sales. “As our mission is to help artists get art out their studios and onto collectors’ walls, we truly believe this flexibility and simplicity will help make art that much more accessible to everyone.”
Why not let us know your thoughts on our new feature in the comments below?
Great idea.
Hi there
With regards to the lay-by option, will the artist receive a deposit to cover costs of materials for artworks while they wait for payment for a sold artwork – over 8 week period?
Cheers
A Lay-by plan sounds like a helpful way to sell. i would sign up to this option Kind regards Lyn
What happens to the money paid if the purchaser defaults after say 2 payments?
Who receives that money paid?
How does this new layby system compare with Afterpay’s rules? Laybys are notorious for failure to pay all instalments.
So with the 7 day return policy does that mean the artist will wait a total of 9 weeks to be paid? If so, that is an incredibly poor outcome.
Great for the buyer! How does it work for the artist? Is the work made unavailable until the layby is paid off?
I think it’s great. It opens up our art to a whole new market. I’m excited to let clients know that its an option that’s available.