Consignment terms for IWOC Auction material
Consignments are accepted only on the following terms: The consignor accepts a return of no greater than 50% of the auction sale price of any item. There are no guarantees concerning bidder enthusiasm for any item; however, on a limited basis, a consignor may specify a minimum selling price. That means, should that minimum price be met, the consignor will receive the requested percentage of that price up to 50%. The Oz Club's share of each consignment sale is considered your donation.
Need to see the math? If you’ve asked for 50% of the selling price, and establish a $150 minimum price, you get $75 and a receipt allowing you to take a tax credit for a $75 donation to the Club. Of course, if bids pour in and it sells for much more, say $400, you get $200 plus a $200 donation credit. If the minimum $150 bid is not received, you’ll be able to either get the item back, or if you and our auctioneer agree, it could be held by the Club to re-offer in a later auction.
Consignments to the Oz Club Auction can be arranged by contacting the auctioneer:
