WatchDBX

Watch Glossary

Clear explanations. Better understanding. A deeper appreciation of watches.

Consignment

A buying, selling or valuation term used in the watch market: Consignment.

WatchDBX illustration explaining Consignment

Definition

A buying, selling or valuation term used in the watch market: Consignment. Consignment is an arrangement where an owner places a watch with a dealer or auctioneer to sell on the owner's behalf. Ownership normally remains with the consignor until sale, while the intermediary earns an agreed commission or fee.

Why it matters

Consignment changes how sale proceeds and fees are calculated. Owners should compare net proceeds rather than headline hammer prices or advertised estimates.