How does a gallery consignment agreement work?

A gallery consignment agreement in Delaware is a contract between a gallery and an artist that outlines the details and expectations of the artist’s work. This type of agreement covers the artist’s rights, the conditions and terms of the agreement, and the division of any profits from any sales the gallery may make. The artist consigning their artwork to a gallery agrees to allow the gallery exclusive rights to sell or exhibit the artist’s work for a specific length of time. The artwork will remain in the gallery’s possession until it is sold. Usually, the gallery will take a percentage of the sale price as a commission. Details regarding this percentage are specified in the agreement. The artist is usually responsible for packing, shipping, and insuring the artwork when it is sold, unless the agreement states otherwise. The gallery may also be responsible for obtaining authentication documents such as certificates of authenticity or appraisals. The artist may also be required to provide a copy of the artwork if requested by the gallery. The agreement may also specify other conditions, such as how long the artist has to wait before they receive any profit from the sale, and if the artist is required to pay any additional fees or costs. It is important to read over the agreement carefully before signing it, as this type of contract is legally binding.

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How does a gallery consignment agreement work?

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