auction advances

[Snapolit1]

Originally Posted by mrreality68

some auction houses might really want your card or cards in their auction and they will incentive you. For example no seller fees or sometimes they will give a percentage "points back" from the buyers fee. So for example the buyer pays a 20% premium. The AH might pay you 1, 2, 3% etc from the buyers fee. So you would get whatever the gavel price on the auction plus those extra points from the buyer.

Yep, AH may agree to give you 105% of hammer for example. Full hammer price and an additional 5% out of their commission.

Anyone who sells anything of high value and pays a seller's commission isn't paying attention.

[uyu906]

Originally Posted by Snapolit1

Yep, AH may agree to give you 105% of hammer for example. Full hammer price and an additional 5% out of their commission.

Anyone who sells anything of high value and pays a seller's commission isn't paying attention.

Is 105% of hammer price the best you are likely to be able to do on a single item worth an estimated $20K?

[Casey2296]

Originally Posted by uyu906

Is 105% of hammer price the best you are likely to be able to do on a single item worth an estimated $20K?

Nothing wrong with that return.

[uyu906]

No, just wondering if 105% is the best one can usually negotiate with a big auction house for 1 baseball item worth an estimated 20K?

[Casey2296]

Originally Posted by uyu906

No, just wondering if 105% is the best one can usually negotiate with a big auction house for 1 baseball item worth an estimated 20K?

Personally, I work with one AH here who is a longtime member and I know how hard he and his family work to sell my consignments, they do such a great job I would never ask for a piece of his end, but that's just me, I'm more into relationships than a 5% vig.

[uyu906]

No offense, but your situation is not the same as mine. I have no allegiances to any auctioneer because I have never used one before. I am simply asking for opinions on my particular situation and what I should expect from auction companies from members who have auctioned an estimated 20K item in the past.

Can anyone address my very specific question?

[Casey2296]

Originally Posted by uyu906

No offense, but your situation is not the same as mine. I have no allegiances to any auctioneer because I have never used one before. I am simply asking for opinions on my particular situation and what I should expect from auction companies from members who have auctioned an estimated 20K item in the past.

Can anyone address my very specific question?

None taken.