Confirms and distributes
proceeds to
artist and gallery

Creates work of art

Records work of art
in Artist’s private
Xipsy catalogue

Consigns The artist and gallerist decide whether to offer the work with an NRR, and on what terms, as recorded on Xipsy. work to gallery

Sells collector accepts the terms of the NRR through Xipsy and work is added to the Collector’s Xipsy account. Except as otherwise required for the management and protection of an NRR, its existence and terms are kept confidential and not publicly available. work with an
NRR to

ResellsIf the work is resold at a profit prior to the expiration of the NRR, the initial purchaser remits to the Level Rights Lockbox the total NRR proceeds. work

Pays Level Rights verifies the calculation, deducts its management fee, and remits the proceeds to the artist/gallery. NRR Proceeds to
Level Rights