Whenever we want to sell our products, sometimes simply selling this directly to clients can prove to be difficult. This is why in some cases we would rely on other companies or individuals to help with the selling process with a corresponding commission or fee. And this is called consignment, where another party would engage in selling a product in exchange for a fee for their services. This is quite popular in apparel, vehicles, equipment, and even for works of art. Although as much as possible artists would prefer to sell their works directly to their clients, in order to reach more potential clients, they would need to partner up with an art gallery to help sell their artworks. And there is one important document needed to make sure both understand the terms in regards to the selling and handling of an artist’s personal work which is called an artist consignment agreement. Why is this document important for both parties? Let us discuss this further below. And if you need any help preparing a consignment agreement, then don’t forget to check out our free artist consignment agreement samples that are available for download on this page.
10+ Artist Consignment Agreement Samples
1. Artist Consignment Agreement Template
2. Artist Art Consignment Agreement
3. Sample Artist Consignment Agreement
4. Artist Gallery Consignment Agreement
5. Basic Artist Consignment Agreement
6. Artist Consignment Artwork List Agreement
7. Entertainment Artist Consignment Agreement
8. Artist Association Consignment Agreement
9. Artist Agency Consignment Agreement
10. Artist Consignment Agreement and Waivers
11. Editable Artist Consignment Agreement
What Is an Artist Consignment Agreement?
When you need to commission another party to sell something for you, then it is important to execute a consignment agreement. This must be also applicable between an artist and art galleries. An artist consignment agreement is a formal contract between both parties, which should stipulate the terms and conditions in regards to the sales and other important details that need to be addressed. Typically, an art gallery would take 40-50% from the sales, although this may seem steep this is still another best option for artists to sell their works. Since there creates more exposure and bigger opportunities to sell their artwork.
How To Create an Artist Consignment Agreement?
It is vital that an artist and the gallery each formalize a consignment agreement in writing so both parties are aware of their rights and avoid any future disputes. We can never tell when anything happens to the artworks, and with an artist consignment agreement on hand, this can serve as a reference on what action should be taken. Also, if an artist has engaged with other galleries to help sell his or her artwork, then having the proper documentation can help you keep track of everything you have consigned for. Every artist consignment agreement are slightly different from another considering the artwork involved and the terms between the parties. Yet, you should be able to provide the following details below.
1. Parties Involved
Provide the names of the parties involved such as the artist’s name and address, as well as the information of the art gallery.
2. Information of the Works of Art
Describe in detail the artworks you are consigning to the gallery. You may opt to attach photos, as well as the dimension, the number of pieces, and how these should be handled.
3. Pricing
Indicate the selling price of each artwork or a rough estimate, together with the commission scheme which as mentioned is around forty to fifty percent from the selling price. Point out who will shoulder the expenses such as transportation of the works of art and in terms of the marketing activities.
Also, you may want to include how much the selling price would be for wholesale deals. Is the gallery allowed to offer discounts? If so, how much would the percentage be? Or are buyers allowed to pay in installment? You must be able to take into account all these considerations and note this down in the agreement.
4. Payment Terms
Make sure to specify when the artist should get paid, how this is transferred, and the payment schedule.
5. Duration of the Consignment
How long can the gallery hold on to your artwork? This must be discussed before everything is put into writing.
6. Inventory Obligations
The gallery has obligations to follow in terms of handling the artworks and this must be clearly defined in the agreement.
7. Insurance
We can never tell if something would happen if a fire broke out or the artwork has incurred damages due to rough handling. So it is important to point out in the agreement the insurance obligation.
8. Other Important Provisions
There are other important provisions you may want to include in the agreement such as copyright issues, indemnification, governing laws, and claim title.
FAQs
What Is a Market Price?
This is the price of an asset or product as determined by supply and demand.
What Is the Disadvantage of Consignment Sale?
You receive less revenue since you need to pay for the commission unlike directly selling your products to clients.
What Is an Artist Contract?
This is an agreement between an artist or owner of an artwork and a borrowing institution.
Doing business with an art gallery can help an artist sell their artwork but make sure that all the initial discussions are written down in an artist consignment agreement. This document will ensure a healthy and productive working relationship for both parties.
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