When items are accepted for consignment, the consignor grants exclusive rights to Collectors Corner to sell said items for a period of sixty (60) days with the understanding that the item(s) will be offered for sale at the mutually agreed prices and as reflected on the “Consignment Agreement”.
This also means that the consignor may not sell the consigned merchandise through any other means outside of the Consignment Agreement during the consignment period.
As per the terms for consignment, it is further understood that all items consigned shall be scheduled for an automatic markdown of 20% off the original price at the thirty (30) day (half way point) and that this automatic markdown will be listed on the item’s price tag.
Upon the sale of the item(s), the consignors agree that in return for services rendered, a commission of fifty percent (50%) will be retained by Collectors Corner, and a check for the balance of the sale proceeds will be mailed to their address on record within ten (10) business days following the sale of the merchandise.
In the event that items are not sold by the end of the term or the consignor wishes to remove the items voluntarily, the consignors agrees that in return for services rendered, a fee equal to ten percent (10%) of the combined item(s) “selling” price will be owed to Collectors Corner.