"The treatment of consignment in bankruptcy has often been described as mystifying"

Another good art-law related student note: Hilary Jay, "A Picture Imperfect: The Rights of Art Consignor-Collectors When Their Art Dealer Files For Bankruptcy," in the Duke Law Journal. She does a nice job showing what a mess the existing law is, and makes some suggestions for fixing things, including extending state statutory protections for artist-consignors to collector-consignors.