Auction Guarantees

Gazes

I have read about auction houses giving guarantees to sellers in the art market for paintings they are anxious to have sold by their auction house. Has such a deal occurred yet in the coin market (ie an auction house guaranteeing a certain amount to a collector who consigns his or her collection ) ?

DollarAfterDollar

Well, with Great Collections you can get 50% of an item's expected sales price up front. That's sort of a guarantee.

commoncents05

Originally posted by: DollarAfterDollar

Well, with Great Collections you can get 50% of an item's expected sales price up front. That's sort of a guarantee.

Not really. If it sold for less than you were advanced, you would have to pay the difference.



-Paul

davewesen

I heard DLRC does this with their auctions as an option (GAP program-the guarantee amounts to their bid/offer price so they would 'win' it at auction). I am not sure how many coins sell at the David Lawrence auctions.

AMRC

Not sure Coins and Art could work the same.