YES! DJ’s Antiques takes items on consignment!
For the longest time, I misunderstood the world of second-hand shops. I assumed that all shops gathered their inventory by buying goods from people directly, or from donations. I was completely oblivious to consignments.
It turns out there are four types of second-hand shops – consignment, pawn, classified and thrift.
The difference between each one comes down to:
- When you relinquish ownership of the physical possessions
- When you are paid
- Whether someone helps you sell your items
Consignment is when a shop sells goods for an owner. The owner keeps ownership of his item until it sells, if it sells. As the owner, you’d pay a small fee to the shop as compensation for them selling your item.
For example, you consign a children’s bicycle for $20. Generally, when they sell your bicycle, they take their % or FLAT CHARGE. You receive the remaining. If the bicycle doesn’t sell, then you take your items home for typically no charge.
We set our own terms for how consignments work, so it’s important to ask the store policies before committing. When you visit the store, the items will have an identification code on the tag to identify which account gets credit for the sale.
How it works for the seller
It’s standard for you to drop off your items for a 30-, 60- or 90-day cycle. If your item doesn’t sell within that period, the shops will discount the item (by an agreed %), or you will need to pick it up. You can expect to be charged a commission, which the shop collects as its profit. Some shops offer you higher percentages if you take in-store credit instead of cash.
Is it worth it?
There isn’t a ton of inventory in our shop, so your item has less competition, but in some cases, there isn’t a ton of traffic coming through the door. It may take a while to see results from your item, if it is not heavily sought out.
Personally, I think consignment shops are worthwhile if you have quality goods to sell. Anyone at our shop is happy to tell you the history of our buyer trends, and if your object will likely sell, though no promises, of course!