To consign is to 'deliver something to someone'. In terms of art, it's when the owner of the artwork - the consigner - consigns (gives) their artwork to a gallery or auction house via a specialist, with the intention of putting the work up for sale.
Consignment is a type of contract in which the consignor delivers the goods to the consignee for sale . The consignee takes care of the goods and sells them. Until the goods are sold, the consignor does not lose ownership of the goods.
Art consignment: 13 important tips (and the right questions to ask) Attend a few sales. Before you enter a consignment agreement, document. Know the season you're selling in, and sell what's in demand. Choose an auction house: ask key questions. Follow drop-off rules. Ask about reserve prices.
Components of a Consignment Agreement Template They include: Date and parties involved. Description of goods and terms for selling them. The consignee's responsibilities when it comes to the sale, including where they will be sold and when.
This kind of arrangement is called Consignment. Definition. The contract or an agreement of sending several goods by the producers or manufacturers of a place to their agents for the sale is known as a consignment. Types of Consignment. Outward Consignment. Inward Consignment. Consignment Processing. Sale. Features of a Sale.
Key Components of a Consignment Contract Template Identification of parties: Indicate both the consignee and consignor's names and addresses clearly. Description of goods: List the goods or products being consigned, including any relevant specifications, quantities, quality standards, or unique identifiers.
Please provide full description of goods, number of packages, gross weight and consignment dimensions. Customer reference. You can enter any internal reference code that you would like to be printed on the invoice, with a maximum of 24 characters. Delivery address. Dutiable shipment details.