Auction Houses

FilamCoins

I've won coins at some of the larger auction houses, but have never consigned to them. I was wondering ..... do they also charge a sellers fee or does the seller get the hammer price while the house gets the buyers fee???

spinaker2000

The auction house get paid on both ends. Are you watching the Goldberg auction now?? Lots of coins from the Philipines coming up.

FilamCoins

How do I watch??? HELP!

FilamCoins

Got it! Thanks

rhound1977

Yep Terry is right, but it can still be a decent venue to sell....

I have about 8 bids on Goldberg lots coming up tonight.....

ajaan

I have consigned only once to an auction house. Not a pleasant experience for me. Yes, they do charge the consigner a fee, usually 10-20%.

MacCrimmon

<< <i>I have consigned only once to an auction house. Not a pleasant experience for me. Yes, they do charge the consigner a fee, usually 10-20%. >>



Actually, Goldberg's have a 0% seller's fee, although some conditions may apply.

The seller's fee is negotiable like anything else; the more pudding you can offer, the more gravy you keep at the end of the day. It can also be wise to 'tag along' with a dealer's consignments, and thus also get a better rate.

I've always "tagged along" and received a 0% rate regardless of the major auction house involved.

It's also important to note that 'notable collections' almost always receive more than 100% of the hammer price....as grandma said, "one hand washes the other".

FilamCoins

Interesting!!

Anyone know what qualifies as a "signature" sale???

What kind of $$$ are we talking about?