from the brain of: Libby Elizabeth

09
Apr 2021

Consignment Agreement Artwork

5. Promotion and exhibition. The gallery should commit to promoting the sale of works of art and to organizing one or more exhibitions for the artist during the recording period. The gallery should clearly identify each of the works of art with the artist`s name. 3. Prices and terms of payment. The gallery can only sell the artworks at the sale price listed in the inventory list. The gallery and the artist agree that the gallery`s commission must be the percentage of the sale price of the work of art. Both parties must agree in advance any changes to the sale price or the Gallery Commission. If the restoration is proposed or continued by the gallery, the artist has a veto over the choice of the restorer. The artist is responsible for all repairs to works of art necessary by the artist`s defective treatment. The answer is in almost all cases a resounding “yes”, although this is not the answer that the artist always wants to hear. After investing a great deal of time and effort in finding the right merchant, who appreciates the work of art and is enthusiastic about exhibiting it, many artists are hesitant to do anything that could tear the boat apart.

Read here how to create record reports with the Archive artwork. 7. Fiduciary responsibility. This clause relates to the ownership of the work of art and the tax liability of the gallery to the artist. It makes it clear that the mailing work is the property of the artist and cannot be taken care of by the creditors when the gallery goes bankrupt. Imagine your mailing report as a pre-report for the gallery you`re working with. Be sure to explain the current condition of the room and how it should be treated and maintained. While consignment agreements are generally broader than a mailing report and contain cross-cutting trade agreements, there are still cases where you want to be aware of representation restrictions or expectations in a consignment report for a given job. 8. Loss or damage. The Gallery is strictly responsible for the damage caused to thought or damage to available works of art from the date of delivery to the gallery until the return of the artwork to the artist or delivery to a buyer.

In case of loss or damage that cannot be recovered, the artist receives the same amount as if the artwork had been sold at the sale price. The gallery is also responsible for storing and using custom boxes and shipping containers specially designed for works of art. Artists may also feel that galleries have all the power, reputation and financial resources; It seems that they need the galleries much more than the galleries need. In reality, the relationship between the artist and the distributor is a relationship of mutual need and mutual benefit. The dealer cannot exist without the work of art that the artist creates and transmits. At the beginning of a new commercial partnership, both gallery owners and artists often wonder if they need a consignment contract, a legally enforceable contract that sets out the terms of sale and compensation. Artwork Archive`s reporting features help artists free up hundreds of hours with easy-to-generate stories that can be created with just a few clicks. Exclusive: In some cases, you may include information about restrictions or expectations of representation.

Some galleries, for example, will want to establish exclusivity in an artist`s representation or will have arrangements for artists with multiple gallery performances. It`s always up to you, as an artist, to decide what`s good for your career.

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