How to
Consign

How-to-consign.com is the beginning of a how-to resource for consignors (owners of the goods), consignees (those buying the goods) and store owners doing the consigning.

If you find these terms (consignor, consignee, consigning, consignment) confusing, you're not alone.

Definition of Consign

The folks at Wiki on the one hand say that 'consignor' (John) has an item to send to Jones (the consignee) so he uses a delivery service. In legal parlance, the shipper is neither. In a consignment sale, the owner of the goods is the consignor, the buyer of the asset(s) is the consignee and the consignment store (owner) is the 'transfer agent' who receives property from the consignor, delivers the goods to the consignee for payment, then pays the consignor the agreed-upon percentage of the sales proceeds (less any expenses).

Consign LegaleZe

In a consignment, ownership of the asset(s) remains with the consignor until sold. Wiki is a bit off when they say "the consignee (the consignment seller or the party to which property are sent) pays the consignor..." Payment is actually made to the store (owner) who transfers a portion of the payment to the consignor.

How Consignment Shops Differ

Shops that consign differ from thrift or charity shops in that proceeds earned from the latter are donated to charitable causes. They differ from pawn operations in that the pawn shop acquires holds the effects in exchange for a loan and takes possession of the property if the loan is not repaid.

What to Consign?

In order of interest (as measured by search-term popularity), the most common items consigned are furniture, baby and (kid's) children's clothing, antiques, art, autos (cars), bridal gowns, with jewelry, maternity and pageant dresses trailing the pack.

Reference: Wiki How to Consign