Hi All, I started consigning pieces into four different galleries
about six months ago and am now starting to do okay. One of the
galleries approached me last week and asked if I would go wholesale.
My pieces are all 14K and many with rubies and sapphires, and my
pricing is structured for a 50/50 split, so I was most interested.
They placed an order for 12 pieces and then asked what my exchange
policy was. I really hadn’t given it a thought. What they wanted
was the ability to exchange pieces that don’t sell “within a year or
so” for others. They are not asking for their money back, just
credit toward something that may sell. They stated that other
artists were doing this for them, and in some cases exchanging pieces
that have been in the store for three years. I contacted another
gallery yesterday, and was asked that same question, with the manager
mentioning the name of another artist that was handling exchanges in
this fashion. These two galleries are related, so I was wondering if
this is just their policy, or is this the norm? Any guidance here
would be most appreciated. Also, thanks to Hanuman and all of you
really active people on this site that are a daily, and I mean daily,
help to us less experienced.
Spirit of New England