You’ve decided to put that precious painting up for auction. So you just sign the consignment agreement and hope for the best, right? Not necessarily.
Our firm frequently represents would-be consignors to auctions and, on occasion, auction houses themselves. In these dealings, we are often surprised to find that even the most sophisticated collectors lack a clear understanding of the dynamics of the auction process in general, and the all-important consignment agreement in particular. In this area, ignorance is definitely not bliss. Continue reading “Selling Smart”