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>You're mostly paying real estate and a professional waiting for business.

Are these optional? If not, I don't see how this makes sense:

>It doesn't really have to cost that much.

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Gallerists always act like having a professional framer is given, but maybe their typical clientele are rich enough to just treat that as a mandatory tax. I framed my art with a diy LevelFrames kit for 10x cheaper which took less than an hour. The frame itself isn't particularly good quality, so for now, boutique framers have a strictly superior product, but this advantage could easily be commoditized away.
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