Watch Consignment
What is the commission rate for watch consignment?
The commission fee varies based on the sale price of the watch. Watches sold for $15,000 or less incur a commission fee of 7%, while those sold for more than $15,000 have a reduced fee of 6%. For the most accurate commission fees, please contact us directly, as they may vary over time.
How and when will I receive payment?
Upon the sale of your watch, the amount will be promptly transferred to you. You have the option to receive payment in cash or through a bank transfer.
Are there any additional charges?
You may encounter an administrative fee and a shipping cost of $200, covering inspection, evaluation, and listing of your watch on our website. The agreed-upon commission is only charged upon the sale of the watch. There are no additional fees or hidden charges.
What if I decide to cancel the consignment agreement?
While we encourage you to continue with the consignment for optimal results, if you choose to cancel, your watch will be returned to you. However, the $200 administrative and inspection fee, if already charged, cannot be refunded.
Why doesn't everyone opt for watch consignment?
Watch consignment offers both benefits and time commitments. If time permits, we recommend this method. Alternatively, you can choose to sell your watch directly at TimeLux Boutique for a quicker transaction.
What is the maximum listing price for my watch?
After inspecting and evaluating your watch, our team conducts a market analysis to determine its appropriate price. We then engage in a discussion to reach an agreed-upon price for your watch.
What happens if my watch doesn't sell?
We endeavor to sell your watch within the first 60 days of consignment, leveraging our extensive user base. If the watch remains unsold, we provide suggestions such as adjusting the price or attempting to sell it again later.
How can I track the status of my watch consignment?
Upon consignment, you are assigned a dedicated agent who keeps you informed via WhatsApp and phone calls throughout the process. For status updates, simply reach out via WhatsApp.