MIGO VINTAGE Consignment Process

I.     Contact and Consultation

1. Initial Contact: Customers contact the store to express consignment consignment interest.
2. Provide Details: Customers provide item information and photos (brand, model, purchase date, condition, etc. ).
3. Preliminary Assessment: Store staff conduct a preliminary assessment.
4. Appointment: Schedule an in-store visit if the assessment is approved.

II.      In-Person Meeting and Inspection

1. Inspection: Store professionals inspect the item for authenticity and condition.
2. Evaluation: Communicate the final evaluated price and consignment fees to the customer.

III.       Signing the Consignment Contract Fee Structure:

• Items valued at $1400 or below: $220 flat rate.
• Items valued between $1401 and $10,000: 12% of the item's value + $50 service
• Items valued above $10,000: 10% of the item's value + $200 service (Service fee includes authenticity certificate and shipping costs).

Contract Terms:

• The minimum consignment period is 6 weeks. If the customer wishes to terminate the agreement within this period, a $150 early termination fee will be charged.
• If the item is determined to be counterfeit, a $150 service fee will be charged.
• If the item is not sold by the end of the consignment period and the customer wishes to terminate the consignment, the item must be retrieved within 3 business days. 

Contract Signing:

• Confirm evaluated price and fees.
• Sign the consignment contract.
• Provide identification and proof of purchase (if available).

IV.       Item Consignment

1. Listing: Photograph and list the item in-store and online.
2. Promotion: Promote the item through social media, email lists, and partner platforms.

V.      Sales and Settlement

1. Sale Completion: Notify the customer when the item is Confirm transaction details.
2. Settlement: Deduct fees and pay the remaining amount to the Provide a sales statement.

VI.       Unsold Item Handling

1. Consignment Period: Communicate with the customer if the item is unsold. Options: extend consignment, adjust price, or retrieve the item.
2. Item Retrieval: Schedule a Inventory and return the item to the customer.