consignment sale
Seller-split retail event
A consignment sale is a transaction where goods are sold on behalf of their owner, who retains ownership until the sale occurs.
The seller—often a shop or auction house—takes a percentage of the proceeds as commission.
Common for clothing, antiques, and artwork: She put her designer bags up for consignment sale.
The arrangement lets owners monetize items without the hassle of selling directly.
- commissionPayment for services rendered
- profit marginRevenue exceeding costs ratio
- inventory managementOverseeing stored merchandise levels
- promotional discountsReduced prices for marketing purposes
- fiduciary dutyObligation to act loyally
contractual agreement · revenue sharing · escrow account · payment terms · shop owner · warehousing · secondhand goods · online marketplace · thrift store · clothing rack · price tags · wholesale pricing · tracking systems · delivery schedules · cost structure · breach of contract · advertising campaigns · financial risk
- auctionsauction, bidding, bid, auctioneer, auction house
- salesselling, salesperson, salesman, saleswoman, discount
- sales contractspurchase agreement, purchase contract, land contract, buyer agreement, installment agreement
consignment saledirect sale
Transaction without intermediaries
private sale · factory outlet · direct-to-consumer · estate sale · garage sale
consign, consignment, consignments, consigned, consigning, consignee, consignor, sign, signal