Chapter 129, CONSIGNMENTS OF WORKS OF FINE ART
8 sections in this chapter.
Wis. Stat. § 129.01 Definitions
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129.01 Definitions. In this chapter: (1) “Art dealer” means a person engaged in the business of selling works of fine art, other than a person exclusively engaged in the business of selling goods at public auction. (2) “Artist” means the creator of a work of fine art. (3) “On con…
Wis. Stat. § 129.02 Art dealer and artist; relationship
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129.02 Art dealer and artist; relationship. If an art dealer accepts a work of fine art, on a fee, commission or other compensation basis, on consignment from the artist who created the work of fine art: (1) The art dealer is, with respect to that work of fine art, the agent of t…
Wis. Stat. § 129.03 Trust property
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129.03 Trust property. (1) If a work of fine art is trust property under s. 129.02 when initially received by the art dealer it remains trust property notwithstanding the subsequent purchase of the work of fine art by the art dealer directly or indirectly for the art dealer’s own…
Wis. Stat. § 129.04 Trust property, art dealer’s creditors
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129.04 Trust property, art dealer’s creditors. No property which is trust property under s. 129.02 or 129.03 is subject to the claims, liens or security interests of the creditors of the art dealer, notwithstanding chs. 401 to 411. History: 1979 c. 61; 1991 a. 148, 304, 315.
Wis. Stat. § 129.05 Art dealer required to obtain written contract
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129.05 Art dealer required to obtain written contract. (1) An art dealer may accept a work of fine art, on a fee, commission or other compensation basis, on consignment from the artist who created the work of fine art only if prior to or at the time of acceptance the art dealer e…
Wis. Stat. § 129.06 Art dealer; duties
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129.06 Art dealer; duties. An art dealer who accepts a work of fine art, on a fee, commission or other compensation basis, on consignment from the artist who created the work of fine art may use or display the work of fine art or a photograph of the work of fine art or permit the…
Wis. Stat. § 129.07 Waiver voided
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129.07 Waiver voided. Any portion of an agreement which waives any provision of this chapter is void. History: 1979 c. 61.
Wis. Stat. § 129.08 Penalty
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129.08 Penalty. Any art dealer who violates s. 129.05 or 129.06, is liable to the artist in an amount equal to: (1) $50; and (2) The actual damages, if any, including the incidental and consequential damages, sustained by the artist by reason of the violation and reasonable attor…