My Two Cents on...Consignment Stores

A consignment business is a store that sells other people’s belongings. You take a commission on the sale and they earn money by selling their items.

Features of consignment are:

1. The relation between the two parties is that of consignor and consignee and not that of buyer and seller
2. The consignor is entitled to receive all the expenses in connection with consignment
3. The consignee is not responsible for damage of goods during transport or any other procedure
4. Goods are sold at the risk of consignor. The profit or loss belongs to consignor only.

My 3 Favorite Consignment Stores in New York City :

Beacon’s Closet

10 West 13th Street, (917) 261-4863; beaconscloset.com.

Fisch for the Hip

153 West 18th Street, (212) 633-9053; fischforthehip.com.

Ina Chelsea

207 West 18th Street, (212) 334-6572; inanyc.com.