CONSIGNING & SELLING FREQUENTLY ASKED QUESTIONS
How do I consign an item I own for auction at Luxe?
The first step would be to request an auction estimate by completing our form and submitting photos and details. We will then have one of our specialists determine if the property is suitable for auction at this time and if so prepare an estimate for you. If there is an upcoming auction for which the property is suitable, Luxe will provide you with a shipping label and instructions for packing carefully along with a contract for consignment. Staff will review with you the condition and likely auction estimate as well as setting a reserve, if desired. Upon receipt and verification of authenticity and condition, professional photography and expert description as well as a condition report will be completed as we prepare for the auction. If your item successfully sells at auction and payment has been received from the winning bidder, Luxe will issue payment to you within 30 days of the auction’s end. If the property fails to sell at auction, we will return it back to you or assist you in considering a private sale or other auction opportunity, if advisable.
How do I know if an item I own is eligible for inclusion in an upcoming auction by Luxe?
We are happy to assist you in determining eligibility of your property for future auctions by Luxe. You may submit photos, documentation (if any), and details via our Auction Estimate Request form, email us about your treasure at firstname.lastname@example.org, fax us at 561.425.3691, or call us at 561.425.7000 to speak with one of our specialists and arrange a video appointment or to come in to one of our offices for a private consultation. Whichever method you choose, we look forward to hearing from you.
What could I expect my item to sell for at auction?
Our specialists will guide you through the process and let you know what the estimate range and starting price would be for your particular property. That said, it is difficult to predict the expected hammer price for rare items, and frequently such rare items may sell for much more than the estimates predict. Similarly, at any given time in the market, property may fail to reach the expected estimated range. If this is of concern, a reserve may be considered and implemented to protect your property from selling for less than the lower value in the estimate.
If accepted by Luxe for auction, how do I get my item(s) to you?
Depending on size and location in the world, we will assist you in finding the most suitable methods and materials for carefully packing and shipping your treasures. Luxe staff is well versed on the particulars of packing and shipping for a wide range of property requiring great care. Frequently, Luxe will provide the insured shipping label as well so that it does not cost you to ship your items for consignment to us.
When would I be paid for a consignment? What if it does not sell?
If your item successfully sells at auction and payment has been received from the winning bidder, Luxe will issue payment to you within 30 days of the auction’s end. If the property fails to sell at auction, we will return it back to you or assist you in considering a private sale or other auction opportunity, if advisable.
How long until my item is sold?
We generally request that consignors notify us of their intent to sell in an upcoming auction at least 2 months prior to the auction of interest to allow time for expert evaluation and descriptions, professional photography and marketing to our global audience. However, at times exceptions may be made. Should you prefer a faster solution, an outright sale to Luxe or private party transaction may be facilitated under some circumstances.
I am looking to sell quickly and not wait for an auction appropriate for my item(s). Is that an option?
Yes. Luxe understands that sometimes circumstances necessitate a faster payment schedule than a regular consignment for auction might otherwise entail. We are happy to assist in determining if your property is eligible for outright sale to Luxe or assist you in arranging a private sale that meets your expectations and desired timeline for completion of the sale.
Do you handle large collections or estates?
Absolutely. Luxe specialists will assist you in determining the value and strength at auction versus private sale for the entirety of your collection or in part. Please call us at 561.425.7000 to discuss your situation in greater detail and how we may be of assistance to you.