Introduction Consignor’s counsel should review and revise the Consignment Agreement with the worst-case scenario in mind, bearing in mind that the auctioneer’s draft is designed to protect the auction house, not the consignor, if a dispute arises over title, authenticity, condition, casualty, termination, withdrawal or otherwise. Keep in mind that prior experience is not always predictive because of the artwork’s uniqueness and changing market conditions. The mechanisms and methodologies used...

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