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Why Choose Mio Watches & Jewelry?
Mio Watches & Jewelry will offer you ideal quotes without making you wait for days. Our commissioning rates are unmatched, and we have the experience of decades in the industry to make sure you get the price that you deserve for selling your precious timepiece. Most of the sellers out there have a restricted 3-day inspection period and would take a heavy amount as their fee (around 15-25%).
Here, at Mio Watches & Jewelry, we take as little as 3% as our consignment fee, providing a memorable customer experience with every deal. Once an offer is accepted and funded, we will initiate a direct wire transfer to you and would keep you informed at every step of the process.
| Less than $15,000 | 10% |
| $15,001 to $20,000 | 8% |
| $20,001 to $25,000 | 7% |
| $25,001 to $30,000 | 6% |
| $30,001 to $40,000 | 5% |
| $40,001 to $60,000 | 4% |
| Above $60,000 | 3% |
Our Flat Fee Structure
Trust and transparency and the two most important pillars of doing business at Mio Watches & Jewelry. To make sure that our customers would know how we function, we provide flat commission rates on our consignments. Here is the breakdown of the consignment fee that we take, based on the price of the product we are dealing with.
(Please note that the minimum consignment fee is $500).
We know how important premium watches are, and we want you to get just the right amount for selling them. Mio Watches & Jewelry has always been one of the best place to buy and sell luxury watches. You can now also experience our professional consignment services at unmatched rates and responsive customer support.
WORK METHOD
We like to make it easy
1
No Unwanted Delays
2
No 3-day Inspection Period
3
No High Fee
We know how important premium watches are, and we want you to get just the right amount for selling them. Mio Watches & Jewelry has always been one of the best place in to buy and sell luxury watches. You can now also experience our professional consignment services at unmatched rates and responsive customer support.
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FAQ About consigning your luxury watch
1) What does it mean to consign a luxury watch?
Consignment is a process where you entrust your luxury watch to a reputable dealer or retailer to sell on your behalf. The watch remains your property until it is sold, and the dealer acts as an intermediary, handling the marketing, sales, and transaction process.
2) Why should I consider consigning my luxury watch?
Consignment offers several advantages. Firstly, it allows you to reach a broader market of potential buyers through the dealer’s established network and online platforms. Additionally, dealers have expertise in pricing, marketing, and negotiating, maximizing your chances of selling the watch at a fair price. Consigning also saves you the time and effort required to sell the watch independently.
3) How do I choose a reputable dealer for consigning my luxury watch?
It’s crucial to select a trusted and experienced dealer with a strong reputation in the luxury watch market. Look for dealers who specialize in luxury timepieces, have a track record of successful consignments, and offer transparent terms and conditions. Read reviews, seek recommendations, and evaluate their professionalism and knowledge before making a decision.
4) How is the pricing determined when consigning a luxury watch?
The dealer will assess the market value of your luxury watch based on factors such as brand, model, condition, rarity, age, and current market demand. They will consider the watch’s original purchase price, its depreciation over time, and any unique features or historical significance. The dealer will work closely with you to determine a competitive and fair selling price.
5) What fees are involved in consigning my luxury watch?
The fees can vary between dealers, so it’s essential to clarify this before entering into a consignment agreement. Typically, dealers charge a commission fee, which is a percentage of the final selling price. Other potential fees may include marketing expenses, authentication costs, and insurance during the consignment period. Ensure that you understand all fees and their terms beforehand.
6) How long does it take to sell a luxury watch on consignment?
The time required to sell a luxury watch on consignment can vary depending on factors such as brand, model, condition, and current market demand. Some watches may sell quickly, while others may take longer to find the right buyer. It’s essential to have realistic expectations and maintain open communication with the dealer to stay updated on the progress of the sale.
7) How is my luxury watch protected while it is on consignment?
Reputable dealers will have comprehensive insurance coverage to protect your luxury watch while it is in their possession. This coverage typically includes theft, damage, and loss. Ensure that you discuss and understand the insurance coverage provided by the dealer and inquire about any additional measures they take to safeguard your timepiece.
8) What happens if my luxury watch doesn’t sell during the consignment period?
In the event that your luxury watch doesn’t sell within the agreed-upon consignment period, the dealer will typically discuss alternative options with you. These may include extending the consignment period, reevaluating the pricing strategy, or exploring other avenues to sell the watch. Open communication and flexibility are key to finding the best solution in such cases.
9) How do I get paid once my luxury watch is sold?
Once your luxury watch is sold, the dealer will handle the transaction and provide you with payment as per the agreed terms. Payment methods can vary, but it is common to receive a direct bank transfer, a certified check, or another agreed-upon form of payment. Ensure that the payment process is clearly outlined and agreed upon in the consignment agreement.
10) Can I consign more than one luxury watch at a time?
Yes, most dealers are open to consigning multiple luxury watches. If you have a collection of timepieces you wish to sell, discuss your requirements with the dealer, who will provide guidance on the consignment process, pricing, and any additional considerations specific to your collection.Remember, when consigning your luxury watch, it is essential to work with a reputable dealer who values transparency, offers expertise, and prioritizes customer satisfaction. Consultation and open communication are key to a successful consignment experience.