Consignment

General terms

LovedBags, referred as “Company”, consigns various luxury handbags and accessories. Referred here as “Item”, “Bag”, “Accessory”. The customer is referred here as the ”Owner”. 

The purpose of the service is to facilitate the sale of the Owner’s product. The Owners will always remain confidential within the framework of the appropriate, local, legislation. The contract is always signed between the Owner and LovedBags.

LovedBags only consigns Items valued EUR 1000 or higher. Our commission percentage depends on the item. However the minimum commission is 300€.

Once the bag/accessory is sold, the return policy varies based on the purchase method:
• If the item was purchased online, the buyer has a 14-day period to decide whether to keep or return it.
• If the purchase was made in-store, the sale is final.
After the 14-day period for online purchases, if the buyer decides to keep the item, the sales amount (minus the Company’s fee and expenses according to the contract) is transferred to the Owner’s bank account. In case of in-store purchase, the payment process would be faster.

The consignment contract is valid for 3 months, and the Item cannot be picked up from sale earlier than 3 months. If the Item is not sold during this period, it will be returned to the Owner in the same condition or the Owner can decide to extend the consignment contract.

When the Item is handed over to LovedBags, the Owner gives LovedBags the right to use it for LovedBags’ own marketing. Product images are taken of the Item and the Item can be used, for example, in advertising pictures and videos. The Owner has the right to use images taken of their Item, but not to edit these images or videos.

All Items brought in for consignment are insured by LähiTapiola. All items must be authenticated through Entrupy. The Owner is bound to pay for the Entrupy authenticity certificate: Hermès Item EUR 100, other brand Items EUR 25. The payment is required to take place after the contract is signed. The Owner has the right for the Entrupy certificate after the sales period in case the Item hasn’t been sold.