Start with the expected transaction price
A low fee applied to an unrealistic listing price is not a better outcome. Ask how the consignee sets price, handles offers and reports market feedback.
List every deduction
Commission, servicing, refinishing, photography, shipping, insurance, payment processing, currency conversion and return handling may be included or charged separately.
Understand custody and insurance
Confirm when risk transfers, who insures the watch, the coverage limit, exclusions, storage standard and what happens after damage, loss or a buyer return.
Read timing and exit rights
Document the minimum term, price-reduction authority, owner withdrawal process, unsold return costs and payout timing after a completed sale.
Compare with direct sale and private execution
A direct offer trades potential proceeds for speed and certainty. A private sale may improve the gross number while returning disclosure, security, shipping and counterparty work to the owner.