What is a consignment sale?
A consignment sale, is a process in which a guitar store will sell an item on your behalf and generally take a cut of the sales.
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What are the benefits of a consignment sale?
Maximum return - You will get a higher price rather then selling it to a store for cash or trade in.
No hassle sale - We handle everything from presentation, advertising, negotiations, enquiries, appointments etc.
We offer finance to help facilitate the sale.
We take part ex to help facilitate the sale.
It creates space in your home or studio while we sell it.
We have a massive reach (Worldwide) therefore have a better chance of selling it over a private unknown seller.
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What are the drawbacks?
You need to wait until it sells before you get paid out. 14 days after the sale if it was done online involving shipping.
You dont get the option of anything offered in part exchange.
The guitar is at our store until it sells so you cant play it until then.
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Is it single items or full collections?
We are happy to accept both. We can sell a single guitar or 100 strong collection if you have them.
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Do you take amps etc?
Yes we do however we specialise in guitars and pedals as they are easier and safer to ship.
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What happens if it doesnt sell?
You can either come back and get it or we can discuss the price in order to get it sold.
Often we will have made a cash offer on the item so you can always just sell it to us if it hasnt sold via the consignment route.
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Is it insured?
Yes all of our stock including consignment stock are fully insured whilst with us.
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Will they ever be taken off site?
Yes we will often take our stock to trade shows UK wide in order to help these sell.
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What is the rate for the service?
We are very unique are what we do as we set a reserve price with the owner and we keep anything above.
Lets say you need 1k for the item and we sell it at £1500. We keep £500 and you get 1k. If it sold for £1100 then we keep £100 and you get 1k. We would never sell a guitar for a stupid amount more than the reserve unless the owner was fully aware of this before hand. Strange i know but we have had people come in and say just get me 1k for this when it was worth alot more.
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How do it take this offer up?
The first thing to do is to get in touch. Let us know what you have and we can decide if we want to buy it or sell it for you. After that you can send pics or bring them in and we can agree a reserve on each item and a resale price.
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Are there fees if i take it back?
Normally we would have a £25 fee per guitar if you take them back as we would have spent time setting it up, new strings etc to attempt to sell it. More often than not the guitar sell and we would have alternative options for you rather than taking it back,​
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If there a limit in value?
No we can sell a burst at 300k if you have one! We might just keep that for ourselves though lol
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We look forward to hearing from you
Jim
The Guitar Trade Centre
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