Consignment Terms and Conditions
Last updated: 6 July 2025
1. Introduction
1.1 These Terms and Conditions govern the consignment of all watches, clocks, bespoke items, jewellery, leather goods, bags, and other fashion accessories (collectively, the "Goods") delivered by the Consignor ("you") to Classic Time Club ("we", "us", or "our") for sale. These Terms and Conditions form a legally binding agreement and should be read alongside our Website Terms and Conditions, Cookie Notice, and Privacy Policy, available at www.classictimeclub.com.
1.2 By consigning Goods with us for sale through our stores, online platforms, or social media channels. You agree to these Terms and Conditions and authorise us to market the Goods on any online or offline platform we reasonably select. If you do not accept these Terms, you should refrain from using our consignment services.
2. Amendments
2.1 We reserve the right to amend these Terms at our discretion. It is your responsibility to review these Terms regularly to ensure you are aware of any modifications. Your continued use of our Website or participation in our Consignment Services constitutes acceptance of any revised Terms.
2.2 We may, at any time and without prior notice:
a. Modify any aspect of our Website or its features;
b. Discontinue the Website, or any part thereof;
c. Suspend or terminate your access to the Website if we determine that you have violated these Terms or any other applicable policies.
3. Definition
3.1. Consignment Services means the consignment arrangement and includes any ancillary services provided by us through the Website, email, telephone, in-person, or other communication methods. Upon accepting your appointment as your exclusive agent to market and sell your Goods, we will deduct a Commission from the proceeds of any completed sale.
3.2. Commission is the agreed percentage of the Final Sale Price or agreed fixed dollar amount, as specified in the Key Consignment Terms or communicated via other methods.
3.3. Goods means any items you provide to us for consignment, including but not limited to watches, clocks, jewellery, bags and their respective related paraphernalia (e.g., boxes, paperwork, straps) and accessories.
3.4. Key Consignment Terms means specific conditions governing your consignment, provided in writing. These take precedence over any conflicting provisions in these Terms.
3.5. Showroom means our physical premises at Suite 717, 185 Elizabeth Street, Sydney, NSW, Australia.
3.6. Final Sale Price means a final valuation for the Goods provided by Classic Time Club after conducting a thorough inspection to verify the authenticity, condition, and completeness of the Goods and any associated documentation.
3.7. Consignment Period refers to the duration, typically three (3) months unless otherwise specified in the Key Consignment Terms, during which the Goods are listed for sale.
3.8. Ownership Statement by Customers is a declaration affirming the Consignor's legal ownership of the Goods, free from any liens, encumbrances, or third-party claims.
3.9 Force Majeure Event “Force Majeure Event” means any circumstance or event beyond the reasonable control of either party which prevents or delays the performance of any obligation under this Agreement (other than a payment obligation). This includes, but is not limited to: natural disasters (such as earthquakes, floods, fires, or severe storms), structural damage or building collapses, explosions or major accidents, acts of war or terrorism, civil unrest or riots, labour disputes or industrial action, actions or directives by local, state, or federal government authorities, failure, interruption, or delay of utility services (including electricity, water, or telecommunications), or failure or delays caused by third-party service providers, including manufacturers, banks, shipping carriers (e.g. Australia Post, DHL, FedEx), or any other critical supply chain providers.
3.10 Website refers to www.classictimeclub.com
4. Description of Goods
4.1. The Consignor must provide accurate and complete descriptions of the Goods, including but not limited to the make, model, condition, accessories, and any relevant documentation. This information may be submitted through our Sell page on the Website or another mutually accepted means.
4.2. Upon receiving the necessary details, we will endeavor to provide a provisional estimate within seven (7) business days. The estimated sale price may include any recent market-trading data we can locate for comparable Goods. You are under no obligation to accept any estimated sale price that we suggest.
4.3. You acknowledge that any provisional estimate provided by Classic Time Club is based solely on the information provided by you. You agree that such an estimate is non-binding. The final valuation is subject to physical inspection and authentication of the Goods.
5. Delivery of Goods
5.1 Upon agreeing to proceed with the consignment, you must arrange for the delivery of Goods to our Showroom or another agreed-upon location. The risk of loss or damage remains with you until the Goods are received by us. We strongly suggest you use a trackable shipping service and ensure that your goods are adequately insured during transit.
5.2 We will insure the Goods while they are in our possession.
6. Inspection and Valuation of Goods
6.1 Upon receipt of the Goods, we will conduct a thorough inspection to verify the condition, and completeness of the Goods and any associated documentation.
6.2 If we determine that any repair, restoration, or authentication is necessary to render the Goods marketable, we will notify you of the estimated cost and time required for such services. No such work will be undertaken without your prior written consent.
6.3 Any discrepancies between the condition of the Goods as received and your description may result in revision of the valuation or rejection of the consignment.
6.4 After completing the inspection, we will provide a Final Sale Price for the Goods. If you reject our proposed price, you are responsible for shipping costs and any other costs incurred by us during assessment and authentication.
6.5 You shall collect the Goods in our showroom or provide us with a prepaid, fully-insured shipping label within 10 business days of the rejection.
6.6 If you agree to proceed, a detailed list of the Goods including make, model, serial number (if applicable), accessories, documentations, and specific features such as colour, material, size, design, and condition at the time of consignment will be described in our Key Consignment Terms, which will be provided to you. You confirm the accuracy of this document upon signing and note any discrepancies.
7. Exclusive Listing and Sale of Goods
7.1 Upon your acceptance of the Key Consignment Terms and execution of Ownership Statement by Customers, the Goods may be listed for sale through our platforms, Website, Showroom and any other public and private platforms at our discretion.
7.2 You must not list or offer the Goods for sale with any other entity or platform during the Consignment Period. Any existing public or private listings for the Goods must be removed by you prior to our listing.
7.3 You acknowledge that we retain exclusive possession of the Goods and exclusive control of marketing and sale during the consignment period and are entitled to market and photograph the Goods as deemed appropriate, including but not limited to promotional materials, websites, and social media platforms during the consignment period.
7.4 If you wish to retrieve the Goods during the Consignment Period, it will be considered a cancellation of the consignment, and Clause 12 will apply.
7.5 Should any additional features or conditions of the items come to light, you must notify us. The Key Consignment Terms should be amended accordingly. If we discover discrepancies, you must either agree to update the records or retrieve the item at your own expense.
8. REASONABLE WEAR AND TEAR
8.1 During the Consignment Period, we may be required to host viewings, attend trade shows and other events for the purposes of marketing and/or sale of your Consignment Goods. Your Consignment Goods may be inspected, handled or worn by us or prospective buyers during the Consignment Period. You accept that Goods may be subject to reasonable wear and tear during the Consignment Period and you release us from any liability for reasonable wear and tear.
9. Damage during Consignment Period
9.1 If your Goods are damaged by us or by our prospective buyers during the Consignment Period that is beyond reasonable wear and tear and as a result of improper or negligent use, we will repair the Goods or, if repair is commercially impracticable, compensate you up to the amount covered by our insurance.
9.2 Our liability for damage beyond reasonable wear and tear is limited to cases of negligence or improper handling by us or our representatives, and is subject to Clause 17 and limited to negligence only.
10. Unexpected Malfunctions
10.1 From time to time, used, vintage and antique Goods may develop issues or malfunction during normal operation. If your Goods develop mechanical issues or other malfunctions during the Consignment Period that are not caused by improper use or negligence, we will notify you at the earliest opportunity and advise you as to any costs of repair.
10.2 Any costs associated with repair are your responsibility and must be borne by you. Such costs are not recoverable under our consignment insurance coverage.
11. Consignment Period and Renewal
11.1 The initial consignment period is three (3) months, unless otherwise stated in the Key Consignment Terms.
11.2 Unless either party provides written notice of non-renewal at least fourteen (14) days prior to the end of the initial Consignment Period, the arrangement shall continue on an open-ended basis (Post-Initial Consignment Period) under the same terms except as otherwise agreed in writing, until either party provides written notice of termination or requests the return of the Goods.
11.3 During any extended or open-ended period beyond the initial term, we reserve the right to remove, relist, or adjust the marketing of the Goods as reasonably necessary, and we may periodically review and confirm with you that you wish to continue consigning the Goods.
11.4 If either party wishes to amend the consignment terms for any upcoming period, such proposed changes must be submitted in writing at least fourteen (14) days prior to taking effect.
12. Cancellation of Consignment
12.1 You may request to cancel the consignment and retrieve the Goods at any time prior to their sale by providing written notice via email to info@classictimeclub.com or other accepted written communication methods.
12.2 If you withdraw the Goods after agreeing to the Final Sale Price as outlined in the Key Consignment Terms, but before the Goods are listed on our website, you will be liable for a cancellation fee equal to 25% of the Commission that would have been payable upon sale.
12.3 If you withdraw the Goods from sale after listing has commenced but during the initial three-month Consignment Period, you will be liable for a cancellation fee equal to 50% of the Commission that would have been payable upon sale.
12.4 No cancellation fee will apply if you withdraw the Goods after the initial three-month listing period has expired. However, you will be responsible for reimbursing any reasonable disbursements incurred during our handling of the Goods, including but not limited to authentication, polishing, servicing, insurance, shipping, and related services.
12.5 Upon cancellation, you must arrange either the collection or shipment of the Goods within fourteen (14) days of settling any applicable cancellation or commission fees. All return shipping arrangements and associated costs are your responsibility.
12.6 If the Goods are not collected within fourteen (14) days, we reserve the right to charge a storage fee of AUD 200 per month to securely store and insure the Goods while in our possession.
12.7 At your request, we may assist with shipping the Goods to your nominated address, at your expense.
12.8 For shipments outside Australia, the recipient is responsible for any import duties, taxes, or fees imposed by the destination country’s customs authorities. These charges are beyond our control and are not included in our fees.
12.9 If the Goods are returned to us due to your refusal to pay customs duties or taxes, or due to failure to collect the package, we will notify you and offer to re-deliver. All associated shipping, handling, and administrative costs must be paid in full before re-delivery. Failure to collect the Goods does not terminate this Agreement, nor entitle you to any refund or waiver of applicable fees.
12.10 We recommend contacting your local customs office for information about potential import costs before requesting international delivery.
13. Termination
13.1 Either party may terminate this Agreement at any time after the initial three-month listing period by providing written notice to the other party. Upon such notice, the Agreement will be deemed terminated.
13.2 Upon termination, we will immediately cease all marketing, promotional, and sales activities relating to the Consigned Goods.
13.3 Unless you explicitly request the removal of your listing in writing, we may continue to list the Goods on any sales platforms or promotional materials.
13.4 All applicable fees due under this Agreement must be settled within fourteen (14) days from the date of termination.
13.5 If the Goods remain unsold after three (3) months, we will cover the shipping cost of one return shipment to you.
13.6 For shipments that may incur import duties, taxes, or fees imposed by the customs authorities of the destination country, please refer to Clauses 12.8 to 12.10.
14. Commission, Fees and Payment of Proceeds
14.1 Our commission will be a percentage of the Final Sale Price or agreed fixed dollar amount, as agreed in writing and specified in the Key Consignment Terms.
14.2 We will not list the Goods for sale until you agree to the Final Sale Price and commission structure.
14.3 Upon listing, we reserve the right to remove Goods from sale for operational, legal or compliance reasons.
14.4 You hereby authorise us to sell the Goods at or above the Final Sale Price, or at the minimum price agreed by both parties. Any offers below this threshold shall require your express written consent. However, you also agree that we may, at our sole discretion, accept an offer below the Final Sale Price, provided that your expected net proceeds remain unchanged, with any shortfall to be absorbed by us from our Commission.
14.5 You also acknowledge that any mutually agreed reduction in the Final Sale Price may result in a corresponding adjustment to the Commission and, consequently, to the net amount payable to you.
14.6 We will notify you within seven (7) business days of our receipt of proceeds from the sale of the Goods and confirm your nominated bank account details.
14.7 The Final Sale Price, less our Commission and any applicable fees, will be transferred to your nominated account within twenty-one (21) days of receipt of full payment from the buyer.
14.8 You must provide your bank account details to us in writing (i.e. via email or letter or another electronic message). Should you provide incorrect bank account details for transfer, we will not be responsible for any loss of transferred funds.
14.9 If you request for payment to be made in cash, you will need to notify us upon consignment and an appointment needs to be arranged for collection of payment at our store premises during normal business hours, upon your presentation of the applicable Key Consignment Terms and your driver licence or other satisfactory picture identification. For cash payment we will deduct an administrative fee of $200 AUD from the payment due to you. We will require you to sign a receipt confirming your receipt of the amount that we have paid to you.
14.10 We are not liable for payment delays caused by third-party service providers.
15. Insurance and Liability
15.1 You shall maintain insurance coverage for the full value of the Consigned Goods against all risks until they are received by us in writing.
15.2 You are responsible for insuring the Consigned Goods during transit and must ensure that the transportation method used includes adequate insurance to cover potential damage or loss during shipment. Any claims for damage or loss occurring during transit must be handled by you directly with the carrier.
15.3 Risk of loss shifts to us only after goods have been received and inspected.
15.4 In the event of damage or loss while in our care unless caused by negligence or misconduct, we shall not be liable for such damage or loss. Your recovery shall be limited to the proceeds from the insurance policy covering such incidents. In case of any damage or loss for which we are found liable, the claim process outlined in our insurance policy must be followed. You agree to cooperate fully with us and the insurance company in the investigation and settlement of any such claims. Our liability shall in no event exceed the amount actually recovered under such policy.
16. Return of Goods and Associated Costs
16.1 From time to time, buyers may make claims or seek adjustments in respect of latent defects or other deficiencies relating to your Goods. We reserve the right to make reasonable allowances and/or accept returns of Goods. In such cases, any allowances or returns will be treated as an adjustment to the net proceeds payable to you.
16.2 If payment of the net proceeds has already been completed, you must repay the relevant amount to us within seven (7) days of our written notice.
16.3 If the Goods are found not to be genuine or authentic, as confirmed by the brand manufacturer or an independent expert appointed by us, you must immediately return the full amount of the sale proceeds to us.
16.4 If the Goods are returned to you due to authentication issues or third-party claims (including, but not limited to, intellectual property rights or title disputes), you will be solely responsible for all associated costs and expenses. These include, but are not limited to, shipping fees, handling charges, and any applicable customs duties, taxes, or levies imposed by local, national, or international authorities.
16.5 We will notify you in writing of the requirement to return the Goods. You must provide us with a prepaid, fully insured shipping label within fourteen (14) days of receiving such notice.
16.6 We shall not be liable for any delays, damages, or additional expenses arising from customs clearance or other regulatory procedures that may affect the return of the Goods. Risk in the Goods will revert to you once we have handed the Goods over to the designated courier. You are responsible for arranging and maintaining adequate insurance coverage during transit.
16.7 If you refuse or fail to accept the return of the Goods within fourteen (14) days of notice, we reserve the right to place the Goods in storage and charge you storage fees in accordance with Clause 12.6.
17. Title to Goods
17.1 Title to the Goods shall remain with you at all times prior to their sale. However, you grant us full authority to sell the Goods on your behalf in accordance with these Terms and Conditions.
18. Ownership Representations
18.1 You represent and warrant that you are the sole and lawful owner of the Goods, and that the Goods are free from any liens, encumbrances, security interests, adverse claims, or third-party rights. You confirm that you have full legal authority to offer and consign the Goods for sale, and you agree to sign the Ownership Statement by Customers at the time of consignment.
18.2 You further represent and warrant that all Goods are genuine and authentic and conform to the description provided in the applicable Key Consignment Terms. If any dispute arises in connection with the ownership, authenticity, or description of the Goods, you agree to indemnify us for any loss, damages, costs, or expenses incurred by us as a result of such dispute, including any amounts paid or agreed to be paid in settlement of a claim.
19. Force Majeure
19.1 Neither party is liable for delay or failure to perform any obligation (other than a payment obligation) caused by a Force Majeure Event, being an event beyond its reasonable control which it could not have prevented by reasonable precautions. The affected party must notify the other without undue delay and use reasonable endeavours to mitigate the effect. If the Event continues for more than 60 days, either party may terminate the affected contract on written notice.
20. Limitation of Liability
20.1 We will endeavour to use reasonable care in the handling, display and storage of your Goods, using not less than the same degree of care which we utilize with respect to our own goods of a similar nature. However, in the event that any of the Goods are lost or stolen, or are damaged or destroyed by fire, flood, customer handling or causes beyond our reasonable control, then we will only be liable up to the value of any insurance pay-out in respect of such Goods.
20.2 We make no representation or warranty as to the extent of coverage or payout amounts under any insurance policy relating to the Goods.
20.3 We shall not be held liable for any loss, damage, or depreciation of the Goods.
20.4 Under no circumstances shall we be liable for any indirect, special, or consequential damages arising out of or in connection with this Agreement.
21. Miscellaneous
21.1 This Agreement constitutes the entire agreement between the parties with respect to the consignment of the Goods and supersedes all prior negotiations, understandings, or agreements.
21.2 No amendment or modification of this Agreement shall be valid unless made in writing and signed by both parties.
21.3 Our right under or in connection with this Agreement shall not be capable of being waived or varied otherwise than by an express waiver or variation in writing and signed by our duly authorised representative. Any failure to exercise, or any delay in exercising any of such rights shall not operate as a waiver or variation of that or of any other such right.
21.4 This Agreement does not create a partnership, joint venture, employment, or agency relationship between the parties.
21.5 Except where expressly stated, no third party shall have any rights to enforce any term of this Agreement.
21.6 If any provision of this Agreement is void, voidable by either party, unenforceable or illegal, it shall be read down so as to be valid and enforceable or, if it cannot be so read down, the provision (or where possible, the offending words) shall be severed from this Agreement without affecting the validity, legality or enforceability of the remaining provisions (or parts of those provisions) of this Agreement which shall continue in full force and effect.
21.7 This Agreement shall be governed by and construed in accordance with the laws of the State of New South Wales, Australia. The parties irrevocably submit to the exclusive jurisdiction of the courts of New South Wales for any disputes arising out of or in connection with this Agreement.
