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B o × 4 8 2 5 A u s tin, T e × an s 7 8 7 6 54 8 2 5 e m an IL: rare b o o k s d s lo an n.c o m (5 1 2) 4 7 7 8 4 4 2 F an x (5 1 2) 4 7 78 6 0 2 AUCTION CONSIGNMENT AGREEMENT Consignor: Consignee:
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How to fill out auction consignment agreement consignor

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How to fill out auction consignment agreement consignor:

01
Begin by entering your personal information. Provide your full name, address, phone number, and email address. This information is important for the auction house to contact you regarding the consignment.
02
Specify the items you wish to consign. Include a detailed description, such as the brand, model, size, condition, and any other relevant details. It is recommended to include photographs of the items if possible.
03
Agree upon the selling price or reserve price for each item. This is the minimum price at which the auction house will sell your consigned items. Make sure to communicate your expectations clearly and negotiate if necessary.
04
Indicate the commission or fee structure that the auction house will charge. This may be a percentage of the final sale price or a flat fee. Ensure that you understand and agree to this before proceeding.
05
State the length of time the auction house has the right to sell your consigned items. This could be a specific number of days or until the item is sold. Clarify any terms regarding extensions or withdrawal of consignment if applicable.
06
Include any specific conditions or restrictions for the consignment. For example, if you want the items to be included in a specific auction event or if there are certain limitations on marketing or advertising.
07
Acknowledge any insurance coverage for the consigned items. Determine if the auction house provides insurance against loss or damage during the consignment period. If not, consider arranging your own insurance if necessary.
08
Specify payment terms. Determine how and when the auction house will pay you for the sold items. This may include details about payment methods, timelines, and any applicable deductions or fees.

Who needs auction consignment agreement consignor:

01
Individual sellers: Individuals who want to sell their valuable items through an auction house can benefit from a consignment agreement. It provides a formal arrangement for the sale process and protects both the seller and the auction house.
02
Estate executors: When managing the estate of a deceased person, an executor may choose to consign valuable assets instead of selling them through other means. An auction consignment agreement ensures transparency and fair treatment during the sale process.
03
Collectors and dealers: Collectors or dealers who wish to sell their collections or inventory through an auction house can use a consignment agreement to establish the terms, conditions, and pricing for their consigned items.
04
Artists and artisans: Artists seeking to sell their artwork or artisans looking to showcase their unique creations may find auction consignment agreements useful. It allows them to reach a wider audience and potentially secure better prices for their work.
05
Businesses: Businesses that specialize in valuable items or antiques may utilize auction consignment agreements as part of their sales strategy. This enables them to access a specialized audience and maximize their profits.
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A consignor in an auction consignment agreement is the individual or business who is entrusting an auction house to sell their items on their behalf.
The consignor or the individual/business entrusting the auction house to sell their items is required to file the auction consignment agreement.
The consignor must fill out the auction consignment agreement by providing detailed information about the items being consigned, the auction terms, and any other relevant details.
The purpose of the auction consignment agreement is to outline the agreement between the consignor and the auction house regarding the sale of items on consignment.
The auction consignment agreement must include information about the consigned items, the agreed-upon terms of the sale, and any additional conditions or agreements between the consignor and the auction house.
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