Can I set a minimum price for my items at a consignment shop?

Some consignment shops allow a minimum price, while others prefer to set and adjust prices on their own. Policies often differ by type of item; a furniture or art consignment shop may be more open to discussing a minimum on a valuable piece than a clothing shop would be.

If you set a minimum that is too high, the item may sit unsold and end up returned to you at the end of the consignment period. That costs everyone time and floor space.

Ask the shop about its policy before consigning. If you have a valuable item and a firm number in mind, consider getting an appraisal or comparing recent sales so your minimum is realistic. Some sellers find an auction or specialty dealer is a better fit for those pieces.