At your appointment, we will determine which items will be accepted on consignment. You will be assigned a contract number with Grand Central, and given a receipt at the end of your appointment that lists the number of items you brought in. An itemized listing of all items on your contract will be emailed or mailed to you. All items usually get on the sales floor the day they are brought in.

Your consignment contract is valid for a three month period. The first month of the contract, items are at “full” price, and that price is determined by Grand Central. If the item does not sell in the first month, it is reduced by 25% for the second month, and will be further reduced to 50% of the original price in the third and final month. You will receive a computerized contract which will describe each item in detail, and shows the selling price for each item during the three months. You will receive 40% of the selling price, whether the items sell in the first, second or third month. Jewelry items are not marked down, but stay at one price for the duration of the contract. We check each contract at the end of the first and at the end of the second month, and if there is a balance owing to you of $200.00 or more, a cheque will be sent out. Amounts less that $200 will be held over until the next month or the end of the contract. At any time during the three months of the contract, you may use any money “on account” to make a purchase at Grand Central.

At the end of the three month period, any unsold items are removed from the sales floor, and packaged for pick up. You will be contacted and advised what items did not sell, and what amount is owing to you. If all items sell before the end of the three months, a cheque is sent as soon as all items have been sold. Once you have been notified that the contract period is now finished, you have two weeks to let us know if you would like to pick up any unsold items, or if you wish them to be donated to one of our charities on your behalf. If we do not have any response from you within two weeks, the items that were not picked up become the property of Grand Central Consignment to dispose of or donate at our discretion.