shy
Junior Member
Posts โข 1,590
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June 2018
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Paddle8 Auctions ๐บ๐ฒ BANKRUPT , by shy on Apr 30, 2020 18:32:15 GMT 1, Simply put, Art collecting is a very hard game!
And can easily become an Addiction and an Obsession!
Simply put, Art collecting is a very hard game!
And can easily become an Addiction and an Obsession!
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irl1
Full Member
Posts โข 9,274
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December 2017
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Paddle8 Auctions ๐บ๐ฒ BANKRUPT , by irl1 on Apr 30, 2020 19:29:12 GMT 1, I know this is a bit late for some but worth checking out if consigning expensive art
Consignments. Collectors are often surprised to learn that when they consign a work to a gallery or dealer, they risk losing their rights to it if, during the consignment period, the intermediary goes bankrupt owing money to a secured creditor. During recessions, when many small businesses are especially vulnerable to bankruptcy, itโs important for consignors to put protections in place so their works cannot be seized by creditors of the gallery or dealer. Doing so will require the collector to file what are called Uniform Commercial Code (UCC) documents in the state where the gallery or dealer is domiciled. When properly filed, these documents can help prevent creditors from taking title to a consigned artwork.
www.artsy.net/article/artsy-editorial-advice-collectors-navigating-art-market-amid-covid-19?
I know this is a bit late for some but worth checking out if consigning expensive art Consignments. Collectors are often surprised to learn that when they consign a work to a gallery or dealer, they risk losing their rights to it if, during the consignment period, the intermediary goes bankrupt owing money to a secured creditor. During recessions, when many small businesses are especially vulnerable to bankruptcy, itโs important for consignors to put protections in place so their works cannot be seized by creditors of the gallery or dealer. Doing so will require the collector to file what are called Uniform Commercial Code (UCC) documents in the state where the gallery or dealer is domiciled. When properly filed, these documents can help prevent creditors from taking title to a consigned artwork. www.artsy.net/article/artsy-editorial-advice-collectors-navigating-art-market-amid-covid-19?
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shy
Junior Member
Posts โข 1,590
Likes โข 646
June 2018
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Paddle8 Auctions ๐บ๐ฒ BANKRUPT , by shy on Apr 30, 2020 21:00:43 GMT 1, I know this is a bit late for some but worth checking out if consigning expensive art Consignments. Collectors are often surprised to learn that when they consign a work to a gallery or dealer, they risk losing their rights to it if, during the consignment period, the intermediary goes bankrupt owing money to a secured creditor. During recessions, when many small businesses are especially vulnerable to bankruptcy, itโs important for consignors to put protections in place so their works cannot be seized by creditors of the gallery or dealer. Doing so will require the collector to file what are called Uniform Commercial Code (UCC) documents in the state where the gallery or dealer is domiciled. When properly filed, these documents can help prevent creditors from taking title to a consigned artwork. www.artsy.net/article/artsy-editorial-advice-collectors-navigating-art-market-amid-covid-19? thank you irl1
you always help all of us with you posts and quality information!
I know this is a bit late for some but worth checking out if consigning expensive art Consignments. Collectors are often surprised to learn that when they consign a work to a gallery or dealer, they risk losing their rights to it if, during the consignment period, the intermediary goes bankrupt owing money to a secured creditor. During recessions, when many small businesses are especially vulnerable to bankruptcy, itโs important for consignors to put protections in place so their works cannot be seized by creditors of the gallery or dealer. Doing so will require the collector to file what are called Uniform Commercial Code (UCC) documents in the state where the gallery or dealer is domiciled. When properly filed, these documents can help prevent creditors from taking title to a consigned artwork. www.artsy.net/article/artsy-editorial-advice-collectors-navigating-art-market-amid-covid-19?thank you irl1 you always help all of us with you posts and quality information!
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Lazarus II
Junior Member
Posts โข 1,801
Likes โข 2,427
August 2019
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Paddle8 Auctions ๐บ๐ฒ BANKRUPT , by Lazarus II on Apr 30, 2020 21:04:20 GMT 1, I know this is a bit late for some but worth checking out if consigning expensive art Consignments. Collectors are often surprised to learn that when they consign a work to a gallery or dealer, they risk losing their rights to it if, during the consignment period, the intermediary goes bankrupt owing money to a secured creditor. During recessions, when many small businesses are especially vulnerable to bankruptcy, itโs important for consignors to put protections in place so their works cannot be seized by creditors of the gallery or dealer. Doing so will require the collector to file what are called Uniform Commercial Code (UCC) documents in the state where the gallery or dealer is domiciled. When properly filed, these documents can help prevent creditors from taking title to a consigned artwork. www.artsy.net/article/artsy-editorial-advice-collectors-navigating-art-market-amid-covid-19?thank you irl1 you always help all of us with you posts and quality information! dont forget the expensive beermats too.
I know this is a bit late for some but worth checking out if consigning expensive art Consignments. Collectors are often surprised to learn that when they consign a work to a gallery or dealer, they risk losing their rights to it if, during the consignment period, the intermediary goes bankrupt owing money to a secured creditor. During recessions, when many small businesses are especially vulnerable to bankruptcy, itโs important for consignors to put protections in place so their works cannot be seized by creditors of the gallery or dealer. Doing so will require the collector to file what are called Uniform Commercial Code (UCC) documents in the state where the gallery or dealer is domiciled. When properly filed, these documents can help prevent creditors from taking title to a consigned artwork. www.artsy.net/article/artsy-editorial-advice-collectors-navigating-art-market-amid-covid-19?thank you irl1 you always help all of us with you posts and quality information! dont forget the expensive beermats too.
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shy
Junior Member
Posts โข 1,590
Likes โข 646
June 2018
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Paddle8 Auctions ๐บ๐ฒ BANKRUPT , by shy on Apr 30, 2020 21:06:14 GMT 1, irl1 is one of the "Good Guys" on this forum!
irl1 is one of the "Good Guys" on this forum!
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irl1
Full Member
Posts โข 9,274
Likes โข 9,380
December 2017
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Paddle8 Auctions ๐บ๐ฒ BANKRUPT , by irl1 on Apr 30, 2020 21:12:48 GMT 1, thank you irl1 you always help all of us with you posts and quality information! dont forget the expensive beermats too. Here comes Dick Emery with the jokes
Well I warned all of you so many times to buy these but I was laughed at
thank you irl1 you always help all of us with you posts and quality information! dont forget the expensive beermats too. Here comes Dick Emery with the jokes Well I warned all of you so many times to buy these but I was laughed at
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Lazarus II
Junior Member
Posts โข 1,801
Likes โข 2,427
August 2019
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Paddle8 Auctions ๐บ๐ฒ BANKRUPT , by Lazarus II on Apr 30, 2020 21:21:04 GMT 1, dont forget the expensive beermats too. Here comes Dick Emery with the jokesย Well I warned all of you so many times to buy these but I was laughed atย u got more laughs than dick emery ever got.
dont forget the expensive beermats too. Here comes Dick Emery with the jokesย Well I warned all of you so many times to buy these but I was laughed atย u got more laughs than dick emery ever got.
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