With nearly 20 years in resale, the Found team knows what sells and how to price it. We track market trends constantly and typically price items at ⅓ to ½ of their original retail value, based on demand, condition, and brand.
Consignor Agreement
Pricing Items
We price your items based on age, condition, original retail, resale value, and current demand. Our goal is to get the best price for you. Pricing is discretionary and may include sales or markdowns during the 60-day consignment period (typically after 45 days). All luxury items are authenticated through a third party, with the fee included in the sale price. Luxury pricing is approved by you before items hit the sales floor. Items over $500 may receive a 10% markdown if unsold after 60 days. Buyer’s fees are passed on to the purchaser and do not affect your split.
Commissions & Payout
Consignment splits are standardized by price:
- $1–$99 = 40% to you
- $100–$499 = 50%
- $500–$999 = 60%
- $1,000–$2,999 = 70%
- $3,000+ = 75%
Balances may be used in-store. Every time you spend store credit, you receive a 10% top-up (e.g., $100 credit = $110 value). Payouts are made via e-transfer; balances under $20 may be paid in cash. Accounts inactive for 24+ months are charged a $5 monthly fee.
Policies
“No Thank You” (NTY) items not picked up within 7 days of your “Intake Complete” email are subject to donation. Extensions can be requested by email. Standard consignment lasts 60 days; luxury items may be up to 90 days. Unsold items may be pulled on day 67 by request; items left past this become property of Found and may be sold or donated. We do our best to safeguard your items, but they are left at the consignor’s risk.