Consignment
agreements are to protect both Artist and Gallery, and
ensure each understands the other's expectations. The
agreement should relate to each item and include at
least the following information:
- Artist's
name and address
- Gallery's
name and address
- Name
and signature of the owner/manager of the gallery
- Title,
medium, dimensions of the work(s), edition number
- Retail
price
- Artist's
price
- The
commission taken from the retail price
Additional
information that is advisable to include:
Each
work is to be offered at the stated retail price.
Any discounts shall be from the retail price, not
the artist price.
Each
work sold should have a bill of sale copied to the
Artist.
The
Gallery shall send to the Artist the stated retail
price of each work less the stated commission, within
a reasonable time after sale, and not more than 1
month after the sale. In the case of exhibitions the
payment should be made not more than 1 month after
the close of the exhibition.
If
a work is lost, damaged or destroyed during the period
of the agreement, the Gallery must notify the Artist
immediately and pay him/her the stated retail price,
less the stated commission.
Insurance
of the work - a statement of when the Gallery's insurance
takes effect. The Gallery normally provides insurance
upon receipt of the work(s) and signs a document to
indicate safe receipt of the item.
The
Artist shall retain all rights in and title to the
works until sale, at which point the title shall pass
directly to the purchaser whose name and address the
Gallery shall give to the Artist on written request. (return
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