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  #1  
Old 03-01-2018, 10:23 PM
gidyup24 gidyup24 is offline
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Default Consignment Fees

Hello members,

I wanted to get your advice on something.

I have sold a few different items to high end sports auction houses for $10,000+.

I have always just assumed the consignment fees are non-negotiable (15-20%). However, I was informed that sometimes you can negotiate the seller fees.

My question is, should I have been able to negotiate ZERO fees on those items $10K and above? If not, what is the dollar amount where auction houses will eliminate those seller fees?

Any advice would be much appreciated for any future sales I might have.

Thanks!
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Old 03-02-2018, 12:15 AM
bigfanNY bigfanNY is offline
Jonathan Sterling
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Most auction houses don't charge any fees when you sell items to them. But it dose not surprise me they would try.
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Old 03-02-2018, 07:35 AM
hcv123 hcv123 is online now
Howard Chasser
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Default Presuming you mean consigned?

If you consigned items most auction houses would not charge a consignment fee for10k+. If you actually sold the items to them and they deducted a fee - shame on them!
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Old 03-02-2018, 08:39 AM
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Leon Leon is online now
Leon
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To be clear there are sellers AND buyers fees. On a 10k consignment you generally shouldn't need to pay a sellers fee and can usually get a few percent back from the buyers premium. If the AH says no to any points back just PM me, I will hook you up with several AH advertisers that will.
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Last edited by Leon; 03-02-2018 at 10:29 AM.
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Old 03-02-2018, 09:03 AM
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bobbyw8469 bobbyw8469 is offline
Robert Williams
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Quote:
Originally Posted by Leon View Post
To be clear there are sellers AND buyers fees. On a 10k consignment you generally shouldn't need to pay a sellers feel and can usually get a few percent back from the buyers premium. If the AH says no to any points back just PM me, I will hook you up with several AH advertisers that will.
That's good to know. Would that only apply to $10,000+ consignments Leon?
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Old 03-02-2018, 10:15 AM
MVSNYC MVSNYC is offline
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There's no set rules, but I doubt a consignment valued under $10k, you'd get any percentage back from buyer's premium. I'd even think the piece might need to be valued $15K+, but if Leon can hook you...jump at that.

Last edited by MVSNYC; 03-02-2018 at 10:17 AM.
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Old 03-02-2018, 10:32 AM
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Quote:
Originally Posted by bobbyw8469 View Post
That's good to know. Would that only apply to $10,000+ consignments Leon?
Not necessarily. Every situation and company is different. I have a pretty good rapport with most of our advertisers and am always eager to help them and our members. I have given serious thought to having a Net54 consignment consulting service but haven't moved forward on it yet. I have been able to help numerous members in the past. And I work cheap ie....free.

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Old 03-02-2018, 10:32 AM
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bobbyw8469 bobbyw8469 is offline
Robert Williams
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Quote:
Originally Posted by MVSNYC View Post
There's no set rules, but I doubt a consignment valued under $10k, you'd get any percentage back from buyer's premium. I'd even think the piece might need to be valued $15K+, but if Leon can hook you...jump at that.
I'm not looking at a percentage back from the buyer's premium, but consignor's paying a seller's premium, with this many auction houses to choose from, is ridiculous. For consignor's that DO pay it, that means the auction house is getting 30% (maybe more) off YOUR consignment. 20% from the buyer and 10% (at least) from you. That is too much, IMHO.
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Old 03-02-2018, 10:38 AM
MVSNYC MVSNYC is offline
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AH's have been doing this for 25 years+, nothing new...in fact, historically the seller's premium used to be 20%.

I think more and more these days, you can negotiate.

Last edited by MVSNYC; 03-02-2018 at 11:09 AM.
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Old 03-02-2018, 11:08 AM
khkco4bls khkco4bls is offline
Kevin O'Gara
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Wow Robert Edwards charged me 15 10 and 5% on my items it was 60000 worth of memorabilia kind of upset knowing I should have gotten zero
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