[Jewelry making - Article 00295] - Re: [Orchid] Gallery Closed - Artists unpaid

[Fishbre396]

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>       Interesting point! If the gallery sold $150k they would have
>     earned $80k themselves, so why DID it close? 

    I was in a consignment gallery for more than 5 years.  Every month, a
    check would arrive, I would cash it without difficulty.  The owners
    expanded to three businesses within walking distance of one another. 
    The tiny consignment gallery, moved to the building next door, and
    new display cases arrived . . .it was BEAUTIFUL!!!  The "opening" of
    the expanded gallery went well.  Within three months all the
    businesses closed.  We came to find out that the owners were deeply
    in debt to the bank (more than $400,000.00 US), the bank "called the
    loan" because of delayed payments.  An arrangement was made with the
    bank that consignment artists work would be returned to the artists
    and everything else would be included in the bankruptsy filing. 

    Perhaps, the owners of your consigning gallery were including
    consignment artists work as assets???  And maybe that's why all the artists 
    were burned?


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