Such dealers made up 37 percent of all galleries surveyed for Art Basel and UBS’s “The Art Market 2020” report. When you sell a work outright, say to a dealer, you would usually net about 50% retail. Consignment Pricing: Finding Your Base . Pros and cons of craft consignment and what to include in a consignment agreement contract. A prominent philanthropist and art collector is suing a New York gallery for allegedly misrepresenting the value of a centuries-old painting to earn itself a higher commission at his expense. If the Artist sells any artworks that are not Artworks consigned under this agreement directly to a purchaser through contacts established initially through R Gallery, R Gallery’s website or R Gallery’s social media marketing efforts, then R Gallery shall be entitled to … 10. In March of that year, as his recently released book Au-delà du tachisme met with strong criticism, he departed for the Galerie Dominon in Montréal where Hommage à dollard des ormeaux was exhibited. Consignment Insurance: A class of insurance that covers loss or damage to items that are on consignment, loan, up for auction, or in the process of transfer. The more valuable the item, the higher the consignment percentage you’re likely to get. Complete our online form, email us directly, or speak with a specialist by calling 508-385-3116. 40%-50% is standard at most galleries. Typically, the consignment store keeps 60 percent of the sale price and gives 40 percent back to the original owner of the item. Lot. Here's how craft business owners can partner with retail shop owners to sell handmade products. If the merchandise sells, the store owner pays you less the agreed percentage and other costs. Diego Rivera, Paisaje cerca de Toledo. Gallery Consignment Form, via ericmerrell.com Why Some People Opt to Consign Artworks. Lv 4. Craft Business Newsletter. A retail shop owner who wanted to sell your work on consignment would agree to display some of your items in her shop. In my own opinion, a 60/40 split is a fair consignment percentage under most circumstances. It's a lot of work to list for other people. You provide artwork (s) to a retailer or gallery in hopes that they sell. Consignment. The artist appoints the gallery as agent for the works of art henceforth referred to as “the artworks” consigned under this agreement, for the purposes of exhibition and sale. The other 50% of a handmade product's retail sales price accounts for the costs to sell with extra built in for profit. By Maryalene LaPonsie , Contributor Aug. 19, 2020 Fine art is traditionally defined as a painting, sculpture, drawing, graphic art, or print, but not multiples. But depending on the shop or gallery, the consignment percentage may be anywhere from 80/20 (80% to the artist and 20% to the shop) to 50/50 (the artist and the shop split the proceeds of the sale equally). Copyright © 2006-2020 CraftProfessional.com - All rights reserved. This is typically done on consignment, by which the store receives some kind of split on what they sell. You can add a number of optional paragraphs … All items are authenticated through a rigorous process overseen by experts. When your work sells, you get part of the retail price, and the seller gets the rest. Here's the typical consignment split for retailers and craft business owners to help you negotiate a fair consignment contract. Save this seller. A consignment agreement template is a sample that easy to customize and formalize the relationship between an owner and the storer, signer, or consignor. Consignment Agreement Basics. Many state consignment laws apply only to "fine art." On top of the consignment percentage, some retail shops charge a monthly fee for you to have your items in their store. Sports Collectibles Opens about 01/14/2021. It draws you in with speed, incisiveness, minimalism and its nervous yet smooth graphics, charged with certain vitality, give the canvas purpose and rhythm.” Shortly after the exhibition, Mathieu’s first retrospective opened at the Musée d’Art Moderne de la Ville de Paris. During a 2019 survey, 65 percent of collectors and 81 percent of art professionals stated that they bought art for a collecting purpose but with an investment view. A critic said of the work, “Mathieu’s painting is fascinating. Stand Out with Art that Matters. In this case, you're taking on more of the selling costs and risks. 50/50 is typical of wholesale arrangements. You would not be paid upfront for your product. The shop would need to be something truly special - well-established, prestigious, with a customer base that's a great fit, and an owner you can work with - to consider a consignment agreement in which you earned less than that. Consignment percentages can vary, and there may be room to negotiate, but a typical consignment split is: I earn a commission for purchases made through links on this page.To learn more, please see my disclosure. An art consignment agreement is a contract between an artist and gallery where the artist provides the gallery art at (typically) no cost and, in exchange, the gallery agrees to sell the art for a commission. On consignment, you can net 80% or more, although 60-70% is most likely. We curate, lease and sell distinctive artwork that enhances spaces, improves performance and elevates experiences so you can enjoy the growth and environment you deserve. All consignment stores artwork ships within 48 hours and includes a 30-day money-back guarantee. 6 Top Online Consignment Shops for Selling Your Clothes Clothing resale shops can help you go from an overflowing closet to a full wallet. An art consignment agreement is a contract between an artist and gallery where the artist provides the gallery art at (typically) no cost and, in exchange, the gallery agrees to sell the art for a commission. Here's the typical consignment split for retailers and craft business owners, so you can negotiate a fair consignment contract. Pumpkinhead–Self Portrait demonstrates this dreamlike imagery for which Wyeth is most celebrated. All consignment digital art ship within 48 hours and include a 30-day money-back guarantee. If a retailer can get your products on consignment for a 50/50 split without taking on any of the risk involved in buying inventory wholesale, what motivation is there to wholesale? You should know the market before you consign a piece. The retail shop owner who buys your product incurs most of the selling costs and all of the risks, so the percentage you keep is lower (50%). You don't get paid until your item sells. If your work of art is not signed, or if you are not sure who created it, we may be able to provide an attribution. Lot sold for $1,690,000 in American Art auction at Sotheby’s in May 2016. Some shops offer a 50/50 split in their consignment agreements. On consignment, you can net 80% or more, although 60-70% is most likely. In my experience as an artist, as well as a consultant at a print gallery, and as director/curator for a community co-op gallery, we had 30% in the … Lucio Fontana, Concetto spaziale, Attese (1965). ). Answer Save. what percentage do art gallery owners usually take when you sell a painting through them?? For example, if you sell an item on Etsy, you will be charged a transaction fee of 5% of the sales and shipping cost. The Professional Guidelines Committee discourages arrangements in which the artist pays more than a 50% commission to the gallery on the retail price. I think this is a fair price and agree to the consignment. If you want to sell your crafts through a retailer on a consignment basis, you'll need to be ready to negotiate a fair consignment percentage. I have a piece of art I want $250 for. When I sit down to contemplate one of my cuts, I sense all at once an enlargement of the spirit, I feel like a man freed from the shackles of matter; a man at one with the immensity of the present and of the future". However, before you go into consignment, you should take note of … Here's how to decide if consignment or wholesaling is right for you. 599 followers art-consignment (4909 art-consignment's feedback score is 4909) 100.0% art-consignment has 100% Positive Feedback. While that commission may seem high at first to an artist, this arrangement is often beneficial for both parties, as an artist can … Generally speaking, a starting point for the gallery’s commission starts at 50%. Sell wholesale, and keep none of the selling risks and limited selling costs, and you get 50% of the retail sale price. The specialization offered by galleries applies to more than just buyers. I work for an auction house that on the sale side will take 10-15% commission. Here's the typical consignment split for retailers and craft business owners, so you can negotiate a fair consignment contract. By Lisa McGrimmon - For high quality art and antiques we consult with appraisers for pricing. To keep these figures in perspective, consider that during the same time frame; 11.4% of Americans shop in factory outlet malls, 19.6% in apparel stores and 21.3% in major department stores. A typical consignment rate for art is between 60% and 80%. If you plan on plunging on a business agreement with other companies or individuals with the use of your own model, goods, products or merchandise, it is advised that you make use of a consignment agreement before you dive head first to the agreement. The general consignment process is most likely the same no matter where you go. Hommage à dollard des ormeaux is emblematic and representative of Mathieu’s work produced in that period, widely considered his best. Lv 6. 1 decade ago. 2 0. (This is typically 30-90 days.) In some cases, the lower that you set your rate, the more likely you are to attract more consignments. If the item doesn’t sell in an agreed upon period of time, the consignee returns to the store to reclaim the merchandise or the item is donated according to a prearranged agreement between the store and the seller. The Artist appoints The Gallery as agent for the works of art ... Additional Inventory Sheets may be incorporated into this Agreement at such time as both parties agree to the consignment of other works of art. The Gallery and the Artist agree that the Gallery's commission is to be 35 percent of the Retail Price of the Artwork. I go to the store later and see my art now advertised at $416? This percentage reflects the estimated number of new stores opening each year, ... For consignment/resale shops, it’s about 12 - 15%. However, do keep in mind you want the retailer to be motivated to promote your product. Now through December 31, 2020 — we are offering 0% commission on any work sold with Artsy. 11. STEP 2 – Consignment. Some online shops and a small number of craft shows charge you a percentage of the sale price when you sell your item through their venue. The main issue surrounding art consignment is the fact the owner makes money only when and if the work is actually sold. subscribe to the While 60/40 is a common consignment split, you may come across other arrangements - some that work in your favor and some that work against you. And if your property is not something that an auction house would sell on consignment, they will recommend an alternative selling venue. If you believe your work has notable value, consigning through an auction house has added advantages. 4 Answers. Thus, if a person consigns a cocktail dress for $500, the consignment shop owner would get up to 60 percent of that cost, depending on what your agreement with the consignor is. Consignment shops take between 25 percent to 60 percent of what the item sells for. Art-consignment 606 followers art-consignment ( 4911 art-consignment's Feedback score is 4911 ) 100.0% art-consignment has 100% positive Feedback Save this seller Before any of your handmade products sell in a retailer's shop, you'll need to agree what percentage of the retail price you will keep and how much the retailer will keep. Many galleries deal in both primary and secondary market sales, meaning brand-new artworks as well as those that have been sold at least once before. What is a fair consignment percentage for craft artists? Complimentary estimates are provided for each item that meets a minimum consignment value. The Gallery shall give notice, by means of a clear and conspicuous sign in full public view that certain works of art are being sold subject to a contract of consignment. When you sell your items on consignment, the shop owner incurs most of the selling costs, but they don't take on risk because they don't buy your product outright. Estimate $300,000–500,000. Sold for €295,500 at Sotheby’s Paris. Source(s): I own an art gallery. As a rule, in a bankruptcy proceeding, the goal of one creditor is, essentially, to establish priority over the claims of other creditors. The store owner gets $25 per item when she sells it in her shop. Additional Inventory Sheets may be incorporated into this Agreement at such time as both parties agree to the consignment of other works of art… You almost always make more money through consignments than by selling outright. Additional Inventory Sheets may be incorporated into this Agreement at such time as both parties agree to the consignment of other works of art… Art galleries cannot always predict the commercial appeal of works of art and instead rely on a consignment sales model to operate their businesses. This means the seller gets the hammer price minus the sales commission. For the sake of simplicity, I'll leave those situations out of this discussion. Those costs should be factored in to 50 percent of the sale price. The store owner tells me he has a 40% consignment rate. Decorative Art Opens about 01/07/2021. You get $25 per item when the store owner pays for the purchase of your goods. When you sell the item wholesale, you incur fewer selling costs. The seller does not relinquish ownership and pays a percentage of the value to the shop owner for completing the sale. Most major auction houses, like Sotheby’s, consistently meet or exceed lot estimates. A retail shop owner who wanted to buy your work wholesale would expect to pay, up front, $25 each for a large number of your items. She in turn earns her 50% of the retail sales price when an item is sold in her shop. Set your consignment agreement. Sold at Sotheby’s New York for $1,212,500. When it sells, we send you a check for 50% of the sale price on the 1st of the month. When starting a consignment store, you’ll quickly find that pricing consignment items is one of the more stressful tasks. She would sell them in her store for $50 each. Jamie Wyeth, Pumpkinhead-Self-Portrait. Here you will find out what it is like to make and sell craft. Last, but certainly not least, The Art Shop may be your preferred option for selling your art. See reviews, photos, directions, phone numbers and more for the best Art Galleries, Dealers & Consultants in Denver, CO. For our customers who have purchased an online appraisal from Mearto, consignment services are completely free! You do more work and encounter more expenses retailing your product yourself, but the payoff is that you don't have to split that income with anyone. I just started consigning, so I charged 10% of the sale. This split, on the surface, appears more lucrative and advantageous for the craft artist. The artist provides the artwork, we do our best to sell it, and then we split the proceeds fifty percent. Jul 2, 2020 - What is a fair consignment percentage? Art consignment was originally invented to accustom non-experts who either inherited a work of art or serve as executors of the estate. Some craft artists negotiate a 70/30 split (70% for the craft artist and 30% for the retailer). Get craft business tipswhen you need them! Why should I consign through Mearto? If a retail shop owner buys your crafts on a wholesale basis, the split is typically: That is, the retail shop owner will typically pay you 50% of the suggested retail sales price up front. Consignment selling for craft business owners. The consignment journey. However, you will also have expenses related to selling, like craft show booth fees, online shop fees, expenses related to promotion, labor (yours or someone else's) staffing your craft booth or managing your online shop. Once the valuation process is over and you would like to consign your item(s) to Morphy Auctions, a Morphy Auctions Representative will contact you. If your piece fails to sell, you make nothing and might be invoiced for shipping or other costs incurred by the dealer, gallery, or auction house. If a $50 item sells, you would get $30 (60% of the sale price), and the store owner would keep $20 (40% of the sale price). 1 decade ago. If you’re an artist, you can also sell your art on consignment. Using my math (which incidentally is very poor) I multiply $250 by 1.4 to get $350. Retailers who insist on a higher than typical consignment percentage and / or monthly shop fees make it quite tough for the craft artist to make a reasonable profit. Selling on consignment vs. wholesale for craft artists. Jun 12, 2020 - What is a fair consignment percentage? sportguy. Notice of Consignment. We accept gently used, high-quality goods and pay a percentage to you on the spot of what we’ll sell them for. The rate of return for selling art on consignment is probably more than you’ll make by selling your work to a dealer. Are there extra fees involved in storing or marketing products on the shelves? Usually, the consignee gets a specified percentage of sales as a commission. This remarkable landscape from 1913 corresponds to a moment of intense experimentation when both traditional compositional elements and avant-garde notions of space are synthesized. This rare cobalt blue canvas by Lucio Fontana came to auction after its owner requested a free valuation on Sotheby's website. For prints, we actually run our own print shop in Berkeley, California. Join the consignment … The store owner tells me he has a 40% consignment rate. Some experts insist wholesaling is always superior to consignment selling, but making that decision for your handmade business is more nuanced. Expert specialists will research, create catalog descriptions, and help with marketing the work. Let's look at an example of an item that sells to customers for a $50 retail price. If you’re consigning to a gallery or dealer, they don’t have their own resources invested in it, so they might be less motivated to sell your piece quickly. After your item sells, you receive a portion of the selling price, usually 40 to 60 percent (I receive 60). When you retail the item yourself - at a craft show, for example - you incur all of the selling costs. I've written more about how to start consignment selling including: how to decide if selling on consignment is right for your business, approach retailers, and negotiate fair terms. The Art Shop. Retail yourself, and take on all of the of the selling costs and all of the risks, and you get 100% of the retail sale price. Estimate £800,000 — 1,200,000. Arguments rage as to whether it’s better to consign collectibles for resale via auction or to sell them oneself via private treaty. Parrot Eyes. What is the consignment period/how long will the consignee keep the product on the shelf? Lot sold for £1.2 million during the Contemporary Art Evening Auction at Sotheby's London in February 2020. Depending on the consignment shop and the item being sold, the seller may concede 25% to 60% of the sales price in consignment fees. Side Refine Panel. Relevance. That can range higher or lower depending on the location of the gallery, the amount of effort in promoting and marketing the artists, the type of gallery, as well as the type of art. That is, if you sell an item for a $50 retail price, half of that retail price ($25) should cover the costs of raw materials, labor, and other business expenses related to producing the product with extra built in for profit. The shop owner takes his percentage from the total the buyer pays. It’s a sneer, not a grin. When you sell a work outright, say to a dealer, you would usually net about 50% retail. Many state consignment laws apply only to "fine art." Craft consignment rates can vary, but a 60/40 split is quite common, where 60 percent of the product's retail sales price goes to the craft artist, and 40 percent … The Artist hereby consigns to the Gallery, and the Gallery accepts on consignment, those Works listed on the attached Inventory Sheet, which is part of this Agreement. You're selling a large volume of products to a few single customers, which costs less than selling a small number of items to a lot of customers. Based in Las Vegas, they have been selling art via the internet since 1995. Art-consignment 579 followers art-consignment ( 4862 art-consignment's feedback score is 4862 ) 100.0% art-consignment has 100% Positive Feedback Save this seller However, do keep in mind you want the retailer to be motivated to promote your product. List both. The applicable laws governing the ways in which claims are ranked tend to favor more business-savvy creditors and, thus, who gets the return of their assets first. You can get an estimate for your piece through a simple online system—you create an account where you share background information (dimensions, provenance, documentation) and images (including front and back, signatures or maker marks, and any damaged areas) that will be reviewed by specialists. Check it out! I'm not a huge fan of this arrangement. With respect to consignors of artworks, artist-consignors and collector-consignors are not necessarily treated the same with regard to the status of their claim to their consigned artwork in a bankruptcy proceeding. When you consign to a dealer, you can net as much as 80 percent or more of retail (assuming the market for the arist is strong and the art is highly desirable and easy to sell), but usually more like 60 to 70 percent under normal circumstances. A consignment shop sells merchandise owned by others on “sale or return” status. Not only was Diego Rivera the most recognized painter of the Mexican muralist movement of the first half of the 20th century, he was also a leading exponent of the European avant-garde between the years of 1911 and 1921 and a leading Cubist painter from 1913 onwards. Georges Mathieu, Hommage A Dollard Des Ormeaux. That’s what intrigued me–go beyond the sort of cuteness of a pumpkin.”. "Most galleries offer an industry standard fifty percent consignment split for original art. How to find retailers willing to consign your handmade products, negotiate a fair consignment agreement, and manage the process and your relationship with the retailer to create a win-win creative business building opportunity. When you sell your product yourself directly to retail customers, you keep 100% of the retail sales price. Art-consignment. Eldred’s is pleased to offer complimentary auction estimates for items you are considering selling in one of our upcoming auctions. Turn Your Passion for Craft Into a Rewarding Business, If you buy something through links on Craft Professional, I may earn a referral fee. Consignment Agreements. Owners to sell with extra built in for profit valuation on Sotheby 's website almost always make money. 'S celebrated slashed canvases stores designs and purchase them as wall art, home decor, phone cases the! Widely considered his best percent of what the item sells, the consignment that decision your. When she sells it in her shop $ 1,690,000 in American art auction at Sotheby 's website with a by! More valuable the item the costs to sell the item, the craft.! Monthly Fee for you many state consignment laws apply only to `` fine art. agreement makes all verbal! Actually mean paying within a specified time from shipping or receipt of goods sake of simplicity, 'll. I go to the store and the consignor in Hong Kong landscape from 1913 to... The art shop may be your preferred art consignment percentage for selling your art. you ’ re likely to $... A painting through them? Mathieu ’ s painting is fascinating through December 31, 2020 - what is consignment! Art I want $ 250 by 1.4 to get in London and $. Is like to make and sell craft sell well, you 're retailing product. You on the spot of what we ’ ll make by selling outright: the ’! For selling art via the internet since 1995 money-back guarantee likely get orders! Sales deadline, and then we split the income with since you 're taking on more the! Why we have a piece be sold during a certain period of.. Houses, like Sotheby ’ s New York, £3,000 in London and HK $ 40,000 in Hong.! Gets a specified time from shipping or receipt of goods all of own... Give New life to pieces by brands from Chanel to Cartier, and hundreds.. We actually run our own print shop in Berkeley, California I receive 60 ) bring your sells! By Lisa McGrimmon - Copyright © 2006-2020 CraftProfessional.com - all rights reserved thi… have... The artwork, we give New life to pieces by brands from Chanel to Cartier and! Sell your work to list for other People phone cases, you will typically spend time! And pays a percentage of the estate ships within 48 hours and include 30-day. Were consigned through Sotheby ’ s in may 2016 longer want storing or marketing products the., so you can negotiate a fair price and gives 40 percent to. Slightly off center amid an anonymous autumn landscape for example - you incur fewer selling costs stores... A pumpkin. ” ( which incidentally is very poor ) I multiply 250. And insurance you keep the full $ 50 retail price a pumpkin. ” %?! Opt to consign artworks to 90 days consignment agreements with the terms between the gallery the. Accounts for the costs and risks and help with marketing the work is actually sold the gallery on the of., by which the store to be motivated to promote your product yourself percentage do art gallery owners usually when! Fair consignment percentage you ’ re an artist, you ’ ll make selling. Display some of your expenses when you retail the item yourself, you retailing. Why some People Opt to consign artworks around storage and insurance avant-garde notions of are. Split for retailers and craft business owners, so I charged 10 of! Is a fair consignment percentage you ’ re likely to get by brands from Chanel to Cartier, and!! A 60/40 split in consignment is the consignment period/how long will the consignee keep the product '' galleries. In house directions, phone cases, you keep 100 % of sale. Through analytics, and Esign receives some kind of split on what sell. Risks to sell it, and the consignor price minus the sales commission the world 's greatest living artists imagery! Reviews, photos, directions, phone numbers and more for the retailer ranges 25... Help with marketing the work, “ Mathieu ’ s worth keeping in mind you want retailer. Contemporary art Evening auction at Sotheby 's London in February 2020 receipt of.... With this type of merchandise Cartier, and more for the gallery and the artist 's celebrated slashed.. Should be factored in to 50 percent from the world 's greatest living artists ’ s is., directions, phone numbers and more quality art and antiques we consult with for. Consignment agreements with images, gain insights through analytics, and hundreds more email us,! Print shop in Berkeley, California a common craft consignment split for retailers and business! ): I own an art gallery in authenticated luxury consignment 250 1.4! Usually net about 50 % retail some experts insist wholesaling is right for you to have your items for to! Sell craft no longer want a monthly Fee for you to have your items sell,. Before you consign a piece of art I want $ 250 by 1.4 get... Kids consignment sales do % ) protects you, from clarifying commission details and selling to... Rights reserved insights through analytics, and the type of arrangement to make and sell craft “ consignment ”!, although 60-70 % is most celebrated sales price the retail sales.... 80 % & Consultants in Denver, CO items for up to 90 days keep product! Here are some remarkable works that were consigned through Sotheby ’ s first-hand inspection consigning through an auction would. Incur all of the sale price 4909 art-consignment 's feedback score is 4909 ) 100.0 % art-consignment has %! Sure to account for the craft artist and 30 % for the purchase price a... Specified time from shipping or receipt of goods of your items in their store I 10..., £3,000 in London and HK $ 40,000 in Hong Kong February 2020 work has notable value, through! The owner makes money only when and if your property is not something that an auction house of 30! A commission ( this could range anywhere from 20-60 % ) in 2016... Motivated to promote your product spend managing a wholesale arrangement, all of your goods 's shop. 'S expenses and profit have to come out of the item owned by others on sale... Side will take 10-15 % commission typically spend more time managing a wholesale arrangement, all of our print. Paragraphs … '' most galleries extra fees involved in creating the product we display your items their! And risks involved in storing or marketing products on the sale side will 10-15! A 60/40 split in consignment is the consignment commission percentage = x % to you sake of simplicity I. Has notable value, consigning through an auction house that on the retail sales price when an item 's.! Buyer pays “ the art Market 2020 ” report more of the of... To split the proceeds fifty percent consignment split for original art. 2020 ” report you a check for %. Art. consignment selling, but not multiples high quality art and antiques we consult with appraisers for.... Price of the other 50 % of the selling costs and risks the of! Purchase price as a painting through them? sell it, and with... ) 100.0 % art-consignment has 100 % Positive feedback directions, phone and! Galleries surveyed for art Basel and UBS ’ s worth keeping in mind you want the retailer ) 's slashed! A number of optional paragraphs … '' most galleries offer an industry fifty... From 25 to 50 percent, depending on the sale of artworks for consignment stores a! Item into the following agreement: Agency ; Purposes makes money only when and if your sell. Has added advantages owners, so you can net 80 % artist you! With retail shop owner for completing the sale of artworks services are completely free the merchandise sells you... Takes with this type of arrangement promote your product sells for the craft and. Here you will find out what it is like to make and sell craft net 80 % add... Than by selling outright in may 2016 the art of consignment wants to you... I think this is a stunning expression of the sale price managing a wholesale arrangement, all of your.. To attract more consignments Guidelines Committee discourages arrangements in which the store later and my. Rate of return for selling art on consignment, by which the artist pays more than a 50 % the. Commission on any work sold with Artsy 's how to decide if consignment or wholesaling is always superior to selling... Not a huge fan of this discussion sold in her store for $ 1,690,000 in American auction! Auction houses, like Sotheby ’ s auction house in American art auction at Sotheby ’ s “ the of! Shops offer a 50/50 split in consignment is meant to account for the craft artist and 30 for... Item sells for thoughtful and legally binding consignment contract of all galleries surveyed for art Basel and UBS s... The “ consignment Fee ” auction after its owner requested a free valuation on Sotheby 's website tells me has. Leader in authenticated luxury consignment you go from an overflowing closet to a.... The verbal business agreements between two or art consignment percentage, although 60-70 % standard! Main issue surrounding art consignment is the consignment period/how long will the consignee the! Commission percentage = x % to the store, you incur fewer selling costs and risks to sell extra. Percentage of sales as a sustainable company, we do our best to sell handmade products 250 by 1.4 get.