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https://ttlc.intuit.com/community/business-taxes/discussion/i-sell-merchandise-on-consignment-do-i-need-to-send-1099-s-to-the-people-whose-work-i-sell/00/781406
Jun 08, 2019 · The art consignment answers (pages 4&12) appear to apply to artists consigning their own work. I received a 1099-MISC (box 7) for selling a painting once owned by my dad and I am having difficulty finding the correct place to list the $653 income on my taxes.
https://www.artsy.net/consign
Sell and consign your art with Artsy. Get competitive offers from the world’s top auction houses and galleries to sell art from your collection. Submit today at no cost.
https://harrieteestelberman.com/consignment-contract
The percentage for consignment between a gallery and an artist is always negotiable, though most commonly the arrangement is 50% artist /50% gallery or 40% artist/ 60% gallery. The Professional Guidelines Committee discourages arrangements in which the artist pays more than a 50% commission to the gallery on the retail price.
https://www.artworkarchive.com/blog/how-to-create-a-consignment-sheet-for-artists
Typically in situations where you would use a consignment report, an artist provides a gallery art at no charge. The gallery then agrees to sell that art for a commission (usually 40% or 50%). Even with a seemingly high commission for the gallery, consigning artwork still benefits artists.
https://www.upcounsel.com/consignment-contracts
Nov 03, 2020 · Artists, creators, and manufacturers who are confident about the sales of their goods may be willing to take the initial risk for the consignee. Manufacturers can mitigate their risk to some extent by requiring the retail outlets to invest in promoting and marketing the goods.
https://news.artnet.com/market/art-consignments-are-deceptively-simple-130042
Oct 09, 2014 · Consignors need to perform due diligence on their art dealer consignees. They should inquire with colleagues and other professionals they work with, including asking their lawyers to …
https://www.artworkarchive.com/blog/art-business-essentials-consignment-agreements-for-artists
Having an agreement for how art will be stored, moved, and shown reduces room for error and potential damage costs for a gallery and stress for you the artist. Another reason galleries benefit from and use consignment agreements, is so they can negotiate where else you will be selling your art.
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