FAQs
Consignment is the act of consigning, which is placing goods in the hands of another, but retaining ownership until the goods are sold.
We specialize in high-end designer furniture. If an item is of good quality and enduring design, it will generally sell quickly.
Consignment is easy and safe. You will not have to spend money on classified advertising nor stay at home waiting for shoppers. Further, selling privately can be intrusive and may not generate the necessary interest required to sell the items effectively. Our ability to market, display and sell your furniture, results in a selling price which is higher than private sale or auction.
From the general public who, just like us, are motivated by high quality well designed household goods, but that for any number of valid reasons are looking to re-cycle. Our business would not function without the unique, high quality and well -maintained merchandise we receive from our consignment vendors. And remember - just because it doesn’t work in your home, doesn’t mean that someone else won’t be thrilled with it.
All new consignments begin with an approval process. We recommend submitting a photo via email.
To be saleable on our store, the merchandise must be in good to mint condition. Evaluating your furniture on a scale of 1-10 with 10 being the best, we look for pieces that are in between an 8 and a 10.
We take care of everything!
Our pricing formula takes into consideration the condition, quality of construction, manufacturer, original purchase price, style, colour and demand for the item. Priced too high and the item won’t sell. Priced too low and it is unfair to the consignment vendor. Our experience and knowledge of the market helps us price fairly for both buyer and seller.
We are experts in the resale business. Our pricing is highly accurate and reflects current market trends and resale standards. It is in both our consignor’s and our shop’s best interests to have competitive pricing which discourages haggling.
Items that are priced right and are desirable, sell. In the event that your items have not sold within the 60 day period, Consignment Furniture will discount the price of the goods for the remaining term of the contract. This is done in consultation with the vendor. Any items that have not sold within the 60-90 day period can be discounted for clearance or sent to auction.
Within 7 days of completion of the sale, Consigment Furniture will pay via direct bank transfer 60% of the sale price, less any fees, to the vendor.
Our commission is 40% of the selling price of the item.
We do not offer discounts to the trade as we enter into a contract with our vendors guaranteeing them a set amount upon successful sale of the item and our margins are not large enough to accommodate tiered pricing.
Lay-by is available with 50% deposit and payable over 60 days.
