Consignment sale

Type: Concept

As of November 2026, Consignment sale has been mentioned in one podcast episode on The Ramsey Show (Nov 2026). Mentioned as a low-cost solution for children's clothing by Ramsey hosts as an example of frugal living.

Consignment is a process whereby a person gives permission to another party to take care of their property while retaining full ownership of the property until the item is sold to the final buyer. It is generally done during auctions, shipping, goods transfer, or putting something up for sale in a consignment store. The owner of the goods pays the third party a portion of the sales price for facilitating the sale. Consignors maintain the rights to their property until the item is sold or abandon