Industrie Music Consignment Policy outlines Terms & Conditions of our consignment program.
We will list your instrument free of charge on the condition that Industrie Music is the exclusive selling agent for a minimum of 120 days, which may be extended by mutual agreement. It is a condition of consignment that the instrument must be held at our premises. All inspections by potential buyers are by appointment only, so the instrument must be available in good presentation condition, in our premises.
Pricing – As the owner, you set the minimum amount that you will accept for your instrument. Industrie Music will then list it for sale at a price agreed by both parties, which may be varied by mutual agreement. Naturally you will better prospects of a successful sale if the price is set realistically. As a matter of process, it is often the case that the market will set the price for particular pieces at a certain time.
The Seller remains the owner of the merchandise until it is sold. Sellers are advised to list their Merchandise on the Australian Personal Property Securities Register to ensure its title remains secure. Why register a security interest on the PPS Register?
Sales commission to Industrie Music is a flat fee of 20% of the sale price and is payable only when the sale has been completed. Extra 10% fees apply if the Consignment has been purchased with Afterpay, Openpay, Zipmoney. PayPal payment not accepted for consignment stock.
We guarantee to pay the seller the sale price minus commission within 30 days of the buyer’s funds being cleared. No exceptions unless requested by the seller.
Please Note –
If after any exclusive consignment period, you sell your instrument to a buyer who was introduced to you by Industrie Music, the full commission of 20% is payable. This is similar to a real estate agency contract, and simply protects Industrie Music from the possibility of non-payment for work carried out on your behalf in good faith.
If you list your instrument on an auction site, general sales site, or elsewhere, we may cordially decline to list your goods on the Industrie Music site, i.e. we may remove your instrument from our website.
If you have recently had an unsuccessful attempt at selling your instrument on one of the auction or general sales sites, then we reserve the right to not stock your instrument for consignment on Industrie Music for some months, to be determined on a case by case basis. This is due to the likelihood that when an instrument has been passed in on an alternative site, buyer’s expectations of price may have been dramatically reduced.
Consignment stock sold on Industrie music website does not include warranty and are sold as is, None returnable, No refunds.
Hours Inspections for consignment stock usually available by appointment 10.30 am – 2.00 pm Monday to Thursday.
We are a shopfront and sales facility for owners of quality stringed instruments. And (almost) every item in our facility is for sale, and listed on this website. All inspections are by appointment only so please browse the regularly updated instruments in stock and contact us to arrange a suitable time to visit our premises in Sydney’s Inner west.
Industrie Music is insured for its own property and business operations, but because it is not the owner of your instruments, we cannot insure them specifically against fire, theft, flood, damage or other loss.
Please be advised that the Seller is responsible for insuring the Merchandise, which is held at Industrie Music is at the Seller’s risk.
Sellers are strongly advised to obtain insurance cover for their instruments during the consignment period, and should ensure that the insurance policy covers transportation and the ability to store the goods at an alternative address to their own.
Payment for purchases can be made by direct bank deposit (EFT – Electronic Funds Transfer), Paypal or bank cheque.
All prices are in Australian dollars and include GST (if applicable).