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lets sell it auctions - consigning your items guide

Once you have found a suitable consignor, you will need to provide them with detailed information about your item, including its condition, provenance, and any documentation or certifications that may be available. The consignor will then typically provide you with an estimate of the item’s value and a proposed consignment agreement outlining the terms of the sale.

It is important to carefully review the consignment agreement and understand the terms of the sale, including the consignor’s commission, any fees that may be charged, and the length of the consignment period. It is also important to consider the consignor’s experience and reputation in the industry, as well as their ability to market and sell your item effectively.

When consigning jewellery or watches, it is particularly important to have a qualified appraiser evaluate the item and provide a detailed report. This report should include information on the item’s condition, authenticity, and estimated value. It can be used as a selling point when attempting to find a consignor or auction house.

Once the consignment agreement is in place, the consignor will typically handle all aspects of the sale, including advertising, displaying, and showing the item to potential buyers. The consignor will also handle the financial aspects of the sale, including collecting payment from the buyer and disbursing the proceeds to you, less their commission and any fees.

One important thing to consider when consigning items is that you may not receive the full value of the item, as the consignor will typically take a commission of the sale price. However, consigning can be a great way to reach a wider audience of potential buyers and to benefit from the expertise and marketing efforts of the consignor.

Overall, consigning antiques, collectibles, jewellery, and watches can be a great way to sell these items, but it is important to carefully research potential consignors, understand the terms of the consignment agreement, and have a clear idea of the item’s value before entering into the agreement.

Learn more about consigning your items to Let’s Sell It Auctions here

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