Illustration: Ed Fotheringham for The Wall Street JournalIndividuals with fine art to sell usually have two options. For instance, Christie’s and Sotheby’s hold their postwar and contemporary art auctions in New York City in May and November. Photo: Thomas Colville Fine ArtWhy, then, would anyone consider selling to a gallery or dealer, rather than putting a piece on consignment? Dealers of old masters and 19th century art are more apt to buy works than take them on consignment. Janet Borden, a New York gallery owner specializing in photography, says her gallery buys works by artists it represents only if the edition is sold out.

Source: Wall Street Journal June 12, 2017 01:52 UTC