Auction House Fees
proofer2
Posts: 186 ✭✭
I'm looking to sell a collection of about 2/3 unopened, 1/3 high grade cards, vintage (1960-1970's) material. Before I start soliciting the collection, I'm wondering what range of sellers fees I might be able to negotiate. The collection would be conservatively valued at between $40,000 and $50,000. Any advice/opinions would be greatly appreciated.
Rick
Rick
0
Comments
houses to offer you 105% of the hammer price with zero
commission.
That assumes the unopened are pre-1981 and the high grade stars
are mostly several hundred $ and up.
you could also consider putting them up on the B/S/T board
here and selling them individually. You would probably do better
breaking them individually than bulking them.
good luck and keep us posted.
Dave
Rick
<< <i>105% and no commission.....really. Is this true? So in essence they are getting most of the buyers premium? >>
They are getting 5% of the 20% that the auction house charges the buyers. Don't feel bad for the auction house - they are still making 15% in that scenario.
<< <i>105% and no commission.....really. Is this true? So in essence they are getting most of the buyers premium? >>
It's definitely true. Most of the major houses and some of the smaller guys have been doing this for years. If you're consigning
more than $20k and you pay them anything you are getting ripped off.
Dave