Art Word of the Day: Consign and consignment
Term: Consign and consignment
Definition: To consign is to transfer
something, a work of art or an antique for instance, to a merchant so that it will be sold. In advance of the transferance, the terms of the consignment must be agreed upon ? time period, price, fee paid to merchant, etc. The person or entity consigning something is known as the consignee; the person or entity to which it is consigned is the consignor (also spelled consigner).Example: Artnet.com takes consignments of 19th century and early 20th century European paintings, watercolors, prints, drawings, and sculpture. Also see commodity, gallery, and market value (or monetary worth).
Art Word of the Day
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