Consignment

Consignment Auction — For Pieces Worth Waiting On

Consignment suits sellers who are not in a hurry. We authenticate the piece and sell it on your behalf through auction, settling after it sells. Compared with competitive buy-back, the final price is usually higher — but it takes longer to turn into cash.

Why

Who consignment suits

A higher ceiling

Auction buyers will chase scarce and sought-after pieces past what an immediate buy-back would pay.

We handle everything

Authentication, photography, listing and the sale itself are all run by us. You sign a consignment agreement and nothing else.

A deep buyer pool

Backed by The LuxPik Group's auction operation: live salesroom auctions and the LuxPik app run in parallel.

What it suits

Sellers who do not need the money immediately and want to push for a higher figure. Scarce models, sought-after references and complete sets tend to do best at auction.

Process

How it works

1

Talk to an advisor

Tell us about the piece and what you hope to achieve

2

Authenticate and price

After inspection we agree a reserve with you

3

Sign the agreement

Term, reserve and settlement terms are set out in writing

4

Consign to sale

We photograph, list and promote the piece

5

Sale and settlement

Once it sells, we settle on the agreed terms

FAQ

Frequently asked questions

Consignment or buy-back — which is better?

If you need the money now, buy-back: payment is released as soon as you accept. If you want the higher figure and can wait, consignment: the final price is usually better, but you have to wait for the sale. An advisor will compare both for your specific piece.

Where is my piece during the consignment period?

In The LuxPik storage facility, photographed on intake. It is not lent out or tried on during the consignment period.

What if it does not sell?

Anything unsold at the end of the term comes back to you exactly as received. You can also lower the reserve within the agreed terms and keep it in sale, or switch to competitive buy-back.

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Find out whether consignment fits

An advisor will compare buy-back and consignment for your piece.