Consignment, Selling, and Authenticity Agreement
Consignment, Selling and Authenticity Agreement
MINE & YOURS will gladly sell your authentic designer handbags and accessories in our boutique, through our social media, online store, and other selling venues.
We offer 3 ways to sell: 1) directly to us, 2) trade-in for store credit, or 3) on consignment. Please read this agreement carefully.
1) AUTHENTIC high-end designer brand. E.g Chanel, Louis Vuitton, Bottega Veneta, Celine, Christian Louboutin, Dior, Hermes, Alexander Wang, Chloe, Fendi, Miu Miu, Prada, Salvatore Ferragamo, Valentino, Saint Laurent.
2) Like-new to gently-used condition.
3) Ideally some sort of supplementary information that supports authenticity (original receipt, authenticity card, name/location/approximate date it was purchased).
PLEASE NOTE: IT IS ILLEGAL TO BUY OR SELL COUNTERFEIT LUXURY GOODS. MINE & YOURS LTD. WILL NOT BUY OR SELL COUNTERFEIT ITEMS AND WILL IMMEDIATELY RETURN OR DESTROY ITEMS DEEMED COUNTERFEIT, AND CHARGE THE SELLER/CONSIGNOR A PROCESSING FEE.
Upon receipt, Mine & Yours will be responsible for the promotion and customer service associated with selling your items, including authentication, market price evaluation, professional photography, detailed description, In-store merchandising, Internet listing, customer communication, and if required - secure packaging, shipping and insurance of your property. We will take all necessary steps to sell your item quickly for the best price possible. We use a 3rd party Authenticator to ensure items are Authentic. The authentication process can take 2-3 days. If your item comes back as not authentic there will be a $25 charge to cover our costs. We will then either return the item to you or destroy it.
We issue consignment payments via cheque or email transfer once the item has sold. Direct buy and trade-in store credit payments are made after the item has been received and ourselves, or third-party authenticators, have certified the item's authenticity. The authentication may take several days, depending on the brand, and we will issue payment as soon as possible.
Selling Option 1: Direct Buy – The Fast Cash Option (30%)
We will buy select items outright for a fair value after authenticity has been verified. Typically, direct buy offers will be 30% of our appraised resale value and is not based on the original retail price. Direct Buy is the quickest way to sell. However, you can receive more for your item with trade-in or by consigning it with us.
Selling Option 2: Trade-In for Store Credit – Immediate Shopping dollars that never expire (50%)
We will issue store credit for select items after authenticity has been verified. Store credit is 50% of the resale price. You do not have to wait for your trade-in items to sell. Store credit can be used immediately. Once accepted, store credit never expires.
Selling Option 3: Consignment – Wait Patiently, then Get the Most Cash (50%)
We will use our boutique, online store, customer base and other selling avenues to sell your authentic high-end designer items and pay 50% of the profit to you. We cover all sales transaction expenses such as credit card fees, PayPal fees and all the process expenses detailed above, including shipping if necessary. If your item has not sold after 90 days, it can be returned to you.
Consignment Term & Item Pricing
Each item is listed for sale in our boutique and on our website for a minimum of 90 days.
Initial price is determined according to current market value through our research data.
After 30 days the price can be reduced by a mutually-agreed amount.
After 90 days we can return your item to you, per your request.
Cancellation Clause: Agreement and Consignment can be terminated at any time, by request. However we will charge a $50 cancellation fee.
You may contact us at any time to discuss pricing and selling options, such as deeper discounts for a faster sale.
Liability - Mine & Yours endeavours to take every reasonable effort to safeguard merchandise kept on premises - including a 25 hour security system, an on-call security guard, and removing handbags from display overnight. However consigned are kept in Mine & Yours Ltd.'s possession at the Consignor's own risk. The company maintains no liability for loss, damage or destruction on any consigned items(s) by fire, theft, accident or any other cause.
If you have any questions, please contact us: E-mail: firstname.lastname@example.org m. Phone: (604) 620 - 8885. Boutique: 1025 Howe St. Vancouver, BC
By signing this agreement, you hereby affirm agreement with all of the points outlined in this document, and that you are the lawful owner of all the merchandise you are send to us, and that to your best reasonable knowledge, you believe the items to be Authentic. This agreement can be terminated upon receipt of written notice signed by you, subject to the cancellation clause described above.
Please enter your contact information below. Submitting this form constitutes an agreement to the above terms. We will keep this agreement on file for any future items you send us. Any direct buy or trade-in offer we make is not guaranteed until the item is examined physically for condition and authenticity confirmed.