Consignment 101 – For Antiques, Jewelry & Other Valuables
Consignment is dead? Not at all! The consignment industry is currently experiencing a strong revival as this well-proven way to sell antiques, jewelry, collectibles, fashion, artwork, and other valuables gains popularity. Potential sellers are taking advantage of the convenience of consigning items rather than having them auctioned off or sold through online marketplaces. These days, customers also have a better understanding of the widespread misbelief that consignment is much more expensive than auctions. If wisely chosen, a well-working consignment business may be the best option to sell your valuables.Consignment 101 – They Do the AuthenticationThe biggest challenge for most people is the authentication process. How could someone without appraisal experience or expert knowledge authenticate a vintage Cartier diamond brooch or an Andy Warhol drawing? It’s simply impossible, and even if they could, how could they make a potential buyer feel comfortable enough to trust their assessment? That’s when professional consignment solutions come into play. They will stand behind the merchandise they’re selling for you by working with many appraisers from different industries. They know exactly who to call to get the proper paperwork for your valuables so that you can get the best possible selling results. A rock-solid authentication is the most important part of a consignment transaction.Consignment 101 – They Do the PricingAnother very important step is pricing your items right. Well-known consignment companies like reDollar have tremendous experience when it comes to evaluating the merchandise you plan to sell. How you price your items is key, as an overpriced item is unlikely to sell, and underpricing results in unsatisfying sale proceeds. That’s another great advantage of consignment companies: they strive to get the most money for your item. The more money they get you, the higher their consignment fee will be. Consignment businesses will therefore usually refrain from