Consignment
Q: Can you explain your markdown system?
A: Once we have established a price there is an automatic 15% markdown every 30 days. In the example above, the Oak Table started at $126.00 and the first 15% markdown on 06/21/09 lowers the price to $107.10 etc.
Q: How do you establish a price for my items?
A: Our goal is to establish a fair market price based on overall condition, age, color, brand-name, wood, functionality, fabric type, demand, workmanship, type of finish, and original cost. We will work with you to set a price that is fair and reasonable.
Q: I am in the process of selling my home and downsizing. What sort of items do you accept?
A: We are interested in well-maintained, gently used furniture and all manner of household items including; Art, Persian Rugs, Antiques, Sterling, China, Collectibles and such personal items as Jewelry and Furs( starting in Nov.).
Q: What about kitchen appliances, or clothes?
A: No. We do not take any electrical appliances( with the exception of lamps), clothing, books or frames. Sometimes, if we have too much stock of a particular type of item, we may turn that down as well. But if you are unsure, ask. We’re always happy to take a look.
Q: How much will I receive when an item is sold?
A: The consignment is a 50-50 split of the selling price. We print checks on the 10th of every month, based on the previous month’s sales, so touch base with us between the 1st and the 10th of each month to see if your item has sold. Checks need to be picked up at the store or we will gladly mail them by providing us with self addressed stamped envelopes.
Q: What if it hasn’t sold? Will you try again?
A: Our consignment period is four months. After the 120 day contract period is over it is up to the consignor to pick up their merchandise. We offer a 10 day grace period for picking up any unsold items. After that, the items automatically become property of Cherished Possessions for us to dispose of.
Q: Can I just show up and drop stuff off?
A: Consignment hours are 10 a.m. to 2:30 p.m. Wednesday thru Saturday. Please call ahead if you decide to bring in furniture yourself so we can take a look and evaluate your items properly. We have people on staff with specific areas of expertise, and it’s important that they be here to take a look.
Q: Can I arrange for you to pick up my furniture?
A: Yes. In fact, we prefer doing that. It’s easier for you, and in many ways more convenient for us, as well. We will schedule a pick-up and evaluation in your home. Call ahead for an appointment. Our pick-up hours are 10:30 a.m. to 3 p.m. Thursday thru Saturday. We are very conscientious about being on time, and if we are running late, we will call as soon as possible to let you know. We charge a reasonable fee for all pick ups.
Q: What if I bring something in and then change my mind. Can I take it back?
A: No, not really. If you change your mind right away, before we prepare your item for the showroom, we might be able to work something out. But once we pick it up, price it and put it on the floor, we’ve already invested a fair amount of time and effort into your piece. We always try to be understanding of the customers situation so please talk to us about any unforseen circumstances regarding your consignment.
Q: Can you clean or repair items to prepare them for sale?
A: We do not make repairs to any items. We simply cannot take the responsibility for damaged items. All merchandise should be cleaned thoroughly prior to pick up. We typically will give most items a quick once over before putting them on display.
