Some types of product are commonly sold through consignment. These include clothing, athletic equipment, furniture, musical instruments, art, and jewelry. For example, an artist might have five large pieces of artwork to sell but has no place to showcase the work for prospective buyers.
The consignment note acts as a legal contract between the shipper, the carrier and the consignee, setting out the terms and conditions of carriage. This includes details on the type of goods, the place of pickup and delivery, and any special instructions for the shipment.
'Consigning' an artwork means to give it to a gallery or auction house to sell on your behalf. Traditionally, consignments involve sending the artwork away to the seller for the duration of the consignment period.
How to Write a Consignment Agreement Parties Involved: Names and contact information of the consignor and the consignee. Consigned Goods: Detailed description of the goods being consigned, including quantities and specifications. Consignment Period: Duration of the consignment arrangement.
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.
Consignment Agreement. Consignment is a more accurate term than 'sale or return', because it makes dear to both sides that the artist does not intend to sell the works to the gallery at any stage, but merely intends to leave them for sale by the gallery as artist's agent or consignee on a commission basis.
The different document types used in the consignment process are KB for consignment fillup, KE for consignment issue, KR for consignment return, and KA for consignment pickup. KB and KA are used when ownership is not changing, while KE and KR are used when ownership is changing and invoicing needs to occur.
A document that shows the details of goods that have been sent from a seller to a buyer, and that travels with the goods: rail/air/road consignment note. See also.