Consignments to Sloans & Kenyon

Sloans & Kenyon sells your property as a broker or agent; that is, we do not, except in rare cases and where noted, buy property for resale. Sellers consign property to us to sell on their behalf through our catalog and Cornerstone auctions (see below) and receive the sales proceeds, less a commission and other fees paid to Sloans & Kenyon. Our role is similar to a real estate agency: as the agency lists and sells a house or office building on your behalf, earning a sales commission, we “list” and sell your personal property, fine arts and collectibles.

Contracts

All consignors must execute a contract with Sloans and Kenyon that specifies the terms and conditions under which we will accept and attempt to sell your property, including commission rates and fees. The contract is signed by the seller (or seller’s agent) and a Sloans & Kenyon representative. Contact the Business Office for more information at 301-634-2330.

Arranging Consignments

If you wish to speak with a representative about consigning property for auction, please contact the Sloans & Kenyon Auction Gallery in Bethesda at (301) 634-2330 or send an email to consign@sloansandkenyon.com.

You may bring your property or photographs of the property, if not portable, directly to our gallery where our representatives will give you preliminary auction estimates and advice. There is no charge for this service, but we request that you telephone ahead for an appointment.

You may also mail or email a clear photograph of each item, or a sample from a group of items if the property is from a large collection, and one of our representatives will provide a free preliminary auction estimate, subject to a further auction estimate after first–hand inspection. Please be sure to include the dimensions, artist’s signature or maker’s mark, medium, physical condition and any other relevant information known to you.

Sloans & Kenyon representatives are available for travel to the property’s location at no expense to you if the consignment warrants. Please contact the Gallery to arrange on-site visits.

Types of Sales

Sloans & Kenyon holds two types of auctions:

• Catalogue auctions: High-end fine arts and collectibles, supported by a full-color catalogue. Held 5 – 6 times per year.

• Collector’s Cornerstone auctions: Vintage furniture, Americana and lower-valued fine and decorative arts and collectibles; held monthly, except when catalogue auctions are in progress.

Sloans & Kenyon representatives will discuss with you the appropriate venue for your consignments.

Seller’s Commission

All consignors of property through Sloans & Kenyon catalogue auctions are required to pay a Seller’s Commission, which is based on the successful hammer price of property sold.

Please see our Rate Card for commissions. Other fees and costs associated with the consignment of property to Sloans & Kenyon are also contained in the Rate Card, available from the Business Office at 301-634-2330 or info@sloansandkenyon.com.

Transportation Arrangements

Sloans & Kenyon provides a transportation service for consignors’ personal property at rates that are generally below typical market rates; delivery of property to Sloans & Kenyon is at the consignor’s expense, but normally this charge is deducted from the consignment sale proceeds.

Additionally, at consignor’s request, Sloans & Kenyon will provide names of third-party packers and shippers. These third-party firms are independent contractors, and Sloans & Kenyon provides this information solely as a courtesy to our consignors.

Advertising and Promotion

Sloans & Kenyon offers Sellers of property a comprehensive marketing and sales program for highlighting consigned property, including the following:

• Catalogue auction. All property is lotted , photographed and described in a full-color catalogue published prior to the auction in which the property is offered. This catalogue is mailed to important bidders, placed on our web site and is available for sale prior to and during the auction. Each auction is promoted through extensive mailings, including post cards and brochures, newspaper and other print media advertising.

• Collectors’ Cornerstone auction. All property is lotted and described in a b/w catalogue. Each auction is promoted through post card mailings, newspaper and other print media advertising.

• Exhibitions. Prior to each auction, the property to be offered is displayed at our gallery.

• Electronic Catalogues. An electronic catalogue is prepared for each auction and made available on our web site and Artfact.com, where buyers can place live bids over the Internet.

• Post-sale Price List. A complete post–sale price list is available in printed form and from our web site following each auction with the hammer price of all items sold.

Revised 25 August 2003.