In eighteen states, consigned artwork in the hands of a dealer can be taken by that dealer’s creditors to satisfy the dealer’s debts unless the artist takes action to prevent it.
While the remaining thirty-two states provide some protection for artists’ work, a well-drafted contract between the gallery and artist can protect the interests of both parties. Get Modern Renaissance Legal to create your consignment contract today.
Many of the thirty-two states that provide protection for artists’ work also impose obligations on the artist and gallery to properly mark work on consignment, promptly remit money due to artists, and account for inventory and sales. Call now to schedule a consultation about compliance with your state’s laws.