How does a gallery consignment agreement work?

A consignment agreement is a contract between an artist and an art gallery which sets out the terms and conditions under which the art gallery will exhibit and sell artwork for the artist. The agreement typically outlines the percentage of the sales price that the artist will receive after the gallery takes its commission and also specifies how long the artwork will remain on display. In Pennsylvania, the law requires that consignment agreements be in writing and that both parties sign it. The agreement should cover a wide range of topics, such as details about how the artwork will be stored, insurance, payment terms, advertising, and other requirements. The most important part of the agreement is the consignment fee. This is the percentage of the sales price that the gallery will keep as payment for selling the artwork. In Pennsylvania, the law states that galleries should charge no more than 50% of the sales price as their commission and that the artist should receive a minimum of 33% of the sale. The agreement should also specify the length of the consignment. Many galleries will agree to display the artwork for a minimum of 30 days or until it is sold. The agreement should also clearly state how payments will be made to the artist. Finally, the agreement should include a clause about ownership. The artist should retain ownership over their artwork until it is sold. Once the artwork is sold, the gallery will receive the ownership, and the artist will not be able to reclaim the artwork.

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How does a gallery consignment agreement work?

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