Consignment T&C

Terms and Conditions

RENOWN consignment fee is 30% of sale price. This fee is kept by RENOWN when your item sells. As a consigner you will receive the remainder of sales proceeds minus applicable expenses such as sales tax (16%) and transaction fee (4%). Items that are worn or not new (Deadstock) may require cleaning prior to being put on the sales floor. A Cleaning fee of $150 MXN will be charged which is either deducted from the amount you are to receive when items sells, or will be due to RENOWN if your unsold items is picked up. In some cases, the cleaning fee could be more than $150 MXN if more than standard cleaning is needed to prepare your items for sale.

If and when the item sells, payment will be made no later than 7 business days after the sale. Our standard consignment term is 90 days. Consigners will be asked to pick up unsold items or furnish a shipping label for your items return after end of term agreement. If your items are not sold or picked up within 10 days of end of term agreement, items will be forfeited and will be priced and sold at the sole discretion of the RENOWN staff. If your item is removed from consignment before 30 days of the date of the consignment request, then RENOWN reserves the right to charge the 15% of suggested selling price. In the event that this occurs it will be considered an authentication and appraisal fee.