Consign and consignment


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: 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).

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