Quote:
Originally Posted by JustinD
Genuine question and this is not meant negatively, I am genuinely interested.
Why would I take advantage of an advance at all unless I am in desperate straits for liquidity? Especially if it costs anything in points of sellers commission?
Is there something I am missing or is it as straight forward as immediate need like a pawn situation? I just have waited for my traditional payout and if it exceeds a acceptable amount of time, I would not use that house again.
Just wondering if there is an advantage to this I am not seeing.
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I agree that if it cost something in terms of the commission it would be a questionable decision and I would recommend it only if someone was desperate for money quickly.
But assuming the same commission, if someone said to you, you can have $30K in three months or $10K now and $20K in three months, I don't see the drawback in taking $10K now. There is of course the possibility that the collectible market could crash before the auction....but 67% down across the board would mean there are probably a lot more issues in the world than just collectibles crashing.
I would also add that it might depend on what you are consigning. If it is fairly standard stuff like T206s and Goudeys I think the expectation of the result won't change that much in a few months. If it is more speculative, recent "shiny stuff" then I would be more cautious.