FREQUENTLY ASKED QUESTIONS FAQs
Consignment is a partnership between a seller and a reseller where the reseller lists and sells the seller’s luxury items. The seller retains ownership until the item is sold.
Sellers provide their items to the reseller, who evaluates, prices, and lists them for sale. Upon sale, the reseller shares a portion of the proceeds with the seller. Learn More
High-end fashion accessories, designer clothing, fine jewelry, luxury watches, and collectible items from renowned brands are commonly accepted for consignment.
Resellers often collaborate with sellers to set prices based on the item’s condition, brand, rarity, current market demand, and historical sales data.
Resellers usually charge a commission, typically a percentage of the final sale price, which covers their services, marketing, and handling of the consigned items.
The time frame varies based on factors like the item’s desirability, brand, condition, and market demand. Some items sell quickly, while others may take
Resellers often have policies outlining options for unsold items, which may include price adjustments, return of the item to the seller, or further marketing strategies.
Reputable resellers conduct thorough authentication processes and assessments to ensure the authenticity and quality of consigned items before listing them for sale.
Many resellers offer online platforms or systems where consignors can monitor the status, views, and sales progress of their consigned items.
Consignors benefit from the reseller’s expertise in pricing, marketing, and reaching a wider audience, minimizing the effort involved in selling while maximizing the potential selling price.