A work of fine art received as a consignment shall remain trust property, notwithstanding
the subsequent purchase thereof by the consignee directly or indirectly for the consignee's
own account until the price is paid in full to the consignor. If such work is thereafter resold to a bona fide purchaser before the consignor
has been paid in full, the proceeds of the resale received by the consignee shall
constitute funds held in trust for the benefit of the consignor to the extent necessary
to pay any balance still due to the consignor and such trusteeship shall continue
until the fiduciary obligation of the consignee with respect to such transaction is
discharged in full.
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