search

Fayyr-Organization / fayyr-beta

Instructions and feedback for the beta test of the Fayyr website.
1 stars 2 forks source link

Distribution of Royalties #7

Closed neave1 closed 2 years ago

neave1 commented 2 years ago

In the pie chart under metadata it shows that the charity gets 12% of royalties and I (as the owner) get 80%. Is that correct? As the owner I should not get any royalties. Is the title of the pie chart wrong? Are the %'s correct for the various portions? Royalties usually only go to the artist. What you are showing is the distribution of the price of the artwork, or the donation.

celiasmith commented 2 years ago

Yes this is correct. You purchased the art and the charity got most of what you spent. Then you own it. If you turn around and sell it again, you get the majority. With a normal art auction, if you resold something you bought, you'd get 100% of the proceeds, so our method is better for the charity.

neave1 commented 2 years ago

Yes, I understand that. My point was that calling all of the distributions royalties may be incorrect. Check the definition of royalties. Perhaps "proceeds" would be a more accurate term.

On Mon., Nov. 22, 2021, 9:49 a.m. Chris Eliasmith, @.***> wrote:

Yes this is correct. You purchased the art and the charity got most of what you spent. Then you own it. If you turn around and sell it again, you get the majority. With a normal art auction, if you resold something you bought, you'd get 100% of the proceeds, so our method is better for the charity.

— You are receiving this because you authored the thread. Reply to this email directly, view it on GitHub https://github.com/Fayyr-Organization/fayyr-beta/issues/7#issuecomment-975772926, or unsubscribe https://github.com/notifications/unsubscribe-auth/AWMASF5I3AV3T63AKGHEI43UNJ7CJANCNFSM5IKZJQDA . Triage notifications on the go with GitHub Mobile for iOS https://apps.apple.com/app/apple-store/id1477376905?ct=notification-email&mt=8&pt=524675 or Android https://play.google.com/store/apps/details?id=com.github.android&referrer=utm_campaign%3Dnotification-email%26utm_medium%3Demail%26utm_source%3Dgithub.

celiasmith commented 2 years ago

I see. Yes we can think more about the terminology, if royalties is confusing.