[Jewelry making - Article 00882] - Re: [Orchid] Wholesaling one-offs

[James Binnion]

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>     There is NO COST to the artists - unless of course, they are
>     involved in a coop consignment gallery - that's a horse of a
>     different color. 

    This is where you are not thinking straight. There is the cost of
    the goods. If I have a piece sitting in your gallery my cost of the
    materials, overhead and profit are sitting there doing nothing for
    me. This is why consignment is like a loan. I have spent the capital
    to make the item but I am not being paid for it till you sell it. It
    is exactly like if I loaned you the cost of that item without
    interest for the length of time it takes you to sell it. This is the
    reason that I do very little consignment. It takes a very good
    gallery for me to put thousands of dollars out on loan with no
    promise for when I will be paid. 

James Binnion
jbin AT mokume-gane.com
James Binnion Metal Arts
http://www.mokume-gane.com
360-756-6550

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