Consignment Checks - REA Goldin Lelands (SCP Auctions added 12/7)

[Wolverine]

Originally Posted by Shoeless Moe

you were correct sir....



......anyone else gets theirs from REA, Goldin or Lelands, feel free to post. I'll post when my Goldin one comes.

I know of one Auction House where its a month to a month and a half before you get the check. That's just too long. I think within 2 weeks is perfect.

Would you mind posting or PM'ing me which auction house took a month to get the check out? I'm curious because I'm currently trying to decide on an auction house to consign some items with and any auction house that takes over a month to mail the check will be eliminated from contention...

[Shoeless Moe]

sent

[BeanTown]

It would be an interesting poll to list the top 15 auction houses and their time to pay consignors. I think I know which one would be close to the bottom.

[Leon]

Originally Posted by Wolverine

Would you mind posting or PM'ing me which auction house took a month to get the check out? I'm curious because I'm currently trying to decide on an auction house to consign some items with and any auction house that takes over a month to mail the check will be eliminated from contention...

Spoken like a true anonymous person.

[slidekellyslide]

I have only ever consigned with one auction house. REA. I don't recall how quickly I received payment, but I do recall being shocked at how quickly the check came.

[1952boyntoncollector]

I got my check yesterday so that was the fastest i ever got a consignment check after an auction end. Thats the good part, the bad part was not getting any piece of the buyers premium (consigned about 10k worth) which resulted in a net loss on the consignment where i had private offers that would of totaled more (so had a realistic chance of making a profit ).

[gnaz01]

Originally Posted by 1952boyntoncollector

I got my check yesterday so that was the fastest i ever got a consignment check after an auction end. Thats the good part, the bad part was not getting any piece of the buyers premium (consigned about 10k worth) which resulted in a net loss on the consignment where i had private offers that would of totaled more (so had a realistic chance of making a profit ).

Jake, how is that a bad part about the BP??? Were you told or was it in your consignment agreement that you would receive this?? I ask because every time I've consigned I have to sign a legal agreement and I've never seen that. If the AH didn't agree to it, it can't be a bad thing if you got what your agreement states you were entitled to.

Greg

[khkco4bls]

Is that right you could have agreed with them to get part of the buyer's premium. I've never heard of that

[Billyscards]

Alright - I've never consigned before... can anyone help with a snapshot of what you get based on the sale for Goldin, Heritage, REA etc? Do they take a percentage of the sale? First timer over here that is wondering what options look like beyond ebay and the 10% fee. Thanks!

[1952boyntoncollector]

Originally Posted by khkco4bls

Is that right you could have agreed with them to get part of the buyer's premium. I've never heard of that

yes like greg bussineu gives you 5% back of the buyer premium if you consign early enough.

And yes, i dont blame any particular AH for not giving back any buyers premium, a deal is a deal. All i was saying was the prices realized were regrettable and resulted in my net losses being mostly from the BP. If could go back in time after knowing the results, i would of resorted to private deals for the particular cards at issue. Again, not saying the BP was unfair in any way....thanks

[Scott Garner]

Originally Posted by gnaz01

Jake, how is that a bad part about the BP??? Were you told or was it in your consignment agreement that you would receive this?? I ask because every time I've consigned I have to sign a legal agreement and I've never seen that. If the AH didn't agree to it, it can't be a bad thing if you got what your agreement states you were entitled to.

Greg

You get what you negotiate...