Contracts checklists
4 Work on consignment/sold outright
- Will the gallery/dealer take work on consignment or will the gallery/dealer buy work outright from the artist?
Note: Work on consignment is held by the gallery/dealer and looked after on the artist's behalf. The artist remains owner of the work and when it is sold the artist receives the sale price less the agreed sales commission.
Works bought by a gallery/dealer outright can be sold on without consulting the artist on price. Although selling a work outright to a gallery/dealer will provide the artist with money in hand, this may be less money than if a consigned work had been sold.
- How many works will the gallery/dealer take on consignment?
- Where will these works be stored?
- Will work on consignment be available for exhibition elsewhere, for example at a public gallery?
- Who will be responsible for arranging transport of the work to and from the gallery/dealer? Note: Any works consigned to the gallery/dealer should be clearly itemised in a consignment receipt listing the title, size, medium, date and selling price (excluding VAT) of each work. This document will act as proof of delivery and ownership of the work. It should be signed by a representative of the gallery confirming receipt of the works in good condition.
- Who will be responsible for packing the work prior to transport?
- Who will be responsible for insuring the work whilst in transport and whilst with the gallery/dealer? Note: The works should be insured for no less than the agreed sale price less the gallery/dealer's commission (excluding VAT).
