Fla. Stat. 686.503
Contract provisions


(1)

The proceeds of the sale of the work of art shall be delivered to the consignor at a schedule agreed upon by the consignor and consignee.

(2)

The consignee shall be responsible for the stated value of the work of art in the event of the loss of or damage to such work of art while it is in the possession of such consignee.

(3)

The work of art shall only be sold by the consignee for an amount at least equal to the amount agreed upon by the consignor in writing.

(4)

The work of art may be used or displayed by the consignee or others only with the prior written consent of the consignor and only if the artist is acknowledged in such use or display.

(5)

A work of art delivered to an art dealer by an artist for the purpose of exhibition or sale and the artist’s share of the proceeds of the sale of the work by the dealer, whether to the dealer on his or her own account or to a third person, shall create a priority in favor of the artist over the claims, liens, or security interests of the creditors of the art dealer, notwithstanding any provisions of the Uniform Commercial Code.

Source: Section 686.503 — Contract provisions, https://www.­flsenate.­gov/Laws/Statutes/2024/0686.­503 (accessed Aug. 7, 2025).

686.30
Contract agreements for repair parts for motor vehicles and trucks
686.40
Agricultural Equipment Manufacturers and Dealers Act
686.41
Indemnification of dealer with respect to legal actions
686.60
Short title
686.401
Legislative finding and intent
686.402
Definitions of terms used in ss
686.403
Application of ss
686.405
Warranty agreements
686.406
Parts
686.407
Repurchase of inventory upon termination of franchise agreement
686.408
Repurchase of inventory upon death or incapacity of dealer
686.409
Compensation for inventory upon refusal to renew, termination of, or restriction on transfer of a franchise
686.413
Unlawful acts and practices
686.415
Unenforceable contract or franchise agreement
686.417
Remedies
686.418
Effect of act on other remedies
686.501
Definitions
686.502
Consignment relationship
686.503
Contract provisions
686.504
Warranties by art dealers
686.505
Construction of language
686.506
Rights and liabilities, additional
686.601
Legislative finding and intent
686.602
Definitions of terms used in ss
686.603
Application
686.604
Warranty agreements
686.605
Parts
686.606
Repurchase of inventory upon termination of dealer agreement
686.607
Repurchase of inventory upon death or incapacity of dealer
686.608
Compensation for inventory upon refusal to renew, termination of, or restriction on transfer of a dealer agreement
686.609
Indemnification of dealer with respect to legal actions
686.611
Unlawful acts and practices
686.612
Unenforceable contract or agreement
686.613
Remedies
686.614
Effect of act on other remedies
686.701
Reimbursement of federal excise taxes on motor fuel

Current through Fall 2025

§ 686.503. Contract provisions's source at flsenate​.gov