Great Collections buyers fee?
DarkStar
Posts: 468 ✭✭✭✭✭
I'm considering consigning some gem US type to GC, approximately mid five figures worth. Is it possible to negotiate for a percentage of the buyer's fee, as can happen with with Heritage and other auction houses?
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I doubt it at at that price range. Mid 7 or 8 figures, maybe.
Ask them. They don't bite and are excellent at responding to questions in a very timely matter.
The GC buyer's fee is only 10% when someone pays via their bank account. It's cheaper than everywhere else on the planet when you consider the number of eyes their auctions get... don't tell them though. I don't want them to increase it. Maybe you could try fleabay but then you carry the risk of getting ripped off, need to do your own photos/listings, and the shipping hassle etc...I haven't sold anything on there in about 10 years.
GC's quality photography, quick listings, and quick settlements are certainly worth it. I feel like I would have to get to the 7-figure realm before asking something like that. Mid 5-figures is such a tiny amount. There are people that use gold leaf tissues to blow their nose and 100 dollar bills to wipe. I'm as poor as dirt and have even sold mid 5-figures of stuff on GC over the years.
If you have time and want to maximize everything you can get then try walking show floors and listing/bumping a thread on the BST for a while but there are risks with that as well. You could potentially sell yourself short. But what is all that extra time and risk worth to you?
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No
i'm in the camp that hopes they don't realize how much value they are delivering for their fees. james