Luxury Watch Consignment London

What Is Consignment Based Sale?

In simple words, consignment is when you give your asset to someone to sell on your behalf. You do not hand over your watch to a random person but to a professional watchmaker who will attempt to sell the watch safely and promptly for you, trying to achieve the price you want.

The rules and terms of the consignment are set out straight in a contract stating the time, when and how you will be paid.

We will discuss and advise on a fixed amount you’ll receive when your watch sells, and with your confirmation, we will put your watch on sale on various marketplaces. When your watch sells, we will send you the payment immediately.

There is a lot of hassle when you decide to sell your watch on your own. You will need to do all the work yourself to ensure you crack a fair deal. But with a consignment, the onus is on us to help you fetch the best selling price. You will benefit not only from our experience but also from our reputation and large customer database.

Here’s an example of consignment:

You decide to sell your watch and looking for a particular price.

For example, you want £10,000. So, we consign your watch for £10,000

The Luxury Hut then markets your timepiece for a slightly higher price than £10,000 to thousands of customers.

If we sell your watch, then we pay you the agreed price (in this case £10,000) immediately while retaining the outstanding balance.

And if the watch doesn’t sell for whatever reason – normally because it is priced too high, then the agreement will be terminated and the watch is returned to you.

Why choose us for your watch consignment?

As professional watch dealers with over 40 years of combined experience, we have a great deal of knowledge and expertise in selling luxury timepieces. We understand how the industry works and can guarantee great results. Our hassle-free consignment service ensures you have a seamless selling process.

Advantages of Consignment with us:

Global Exposure

The moment you consign with us, your watch gets an immediate boost in visibility across a wide range of sales platforms and channels. We have a strong social media following and an impressive number of clients who immediately get notified when new stock arrives. So, the reach you get is beyond what you could expect from a private sale.

Unrivalled Expertise

Our 40 years of expertise in the business can help you get a higher and fair value for your watch, as we are fully aware of the current market. Our deep market insight can help you get the most from your sale. Trust us to handle your consignment expertly.

Safe, Secure & Fully Insured

We offer end-to-end security, safety and insurance in our consignment service. Our transparent and flexible payment process takes the stress out of selling. When the watch sells, we pay you immediately. The majority of the watches we receive for consignment sell within a span of 30 days.

Whether you use our free & fully insured home collection service or visit us at our Hatton Garden store to deliver your watch, with The Luxury Hut, you can have the confidence that we will keep your asset safe at all times.

Increase The Asset Value

We add value to your asset by providing professional repair and refurbishment services so your watch becomes even more valuable and ready for presentation. Additionally, we provide 12 months warranty with each timepiece we sell, which immediately adds to its value.