MCC 5971 - Galleries 
Merchant Category Code 5971 is designated for businesses operating as galleries. This MCC is primarily used by entities involved in the sale, exhibition, or consignment of art and collectibles. Typically, these businesses include art galleries, cultural exhibition centers, and establishments dealing in fine arts and antique items.
Types of Services
- Art Exhibitions and Sales: Organizations that showcase and sell artworks from various artists.
- Art Auctions: Businesses conducting public or private sales of artworks through bidding.
- Consignment Services: Galleries offering art consignment services where art is sold on behalf of the owner.
Related MCCs
- MCC 5970: Artist Supply Stores, Craft Shops: This covers stores providing art supplies but not involved in the sale of art pieces themselves.
- MCC 8299: Schools and Educational Services: Includes art schools offering educational services separate from the sale or exhibition of artwork.
FAQs
- What types of transactions are typically associated with MCC 5971?
- Transactions include buying or bidding on art pieces, paying for exhibition entry fees, and making consignment arrangements. - Can online art sellers use MCC 5971?
- Yes, digital platforms and online galleries involved in selling artworks can also be categorized under MCC 5971. - Are all museums classified under MCC 5971?
- Not always. Museums may use other MCCs unless they have substantial commerce in art sales or auctions that align with this category.
MCC Categories
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