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Old 04-09-2006, 07:48 PM
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Default Consignment Questions

Posted By: Bob S

Hi Folks,

I have some rudimentary consignment questions, if any of you have time to answer.

Is the standard industry fee for the consignor 20%?

And are the terms "vig" or "juice" applied to the fee charged to the wining bidder, and is the industry standard for the "buyers' fee" 19%.

Please excuse the basic nature of my questions. I usually buy and sell face to face or, in the past, on eBay, so I am unfamiliar with the "lay of the land" regarding the auction houses.

Thanks.

Bob

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Old 04-09-2006, 08:24 PM
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Default Consignment Questions

Posted By: Bob

The consignor fee in consignments is 15%, I believe most everywhere. The term vig or vigorish relates to the percentage the buyer of the item pays to the auction house above the final bid. It varies anywhere from 10% to 20%.

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Old 04-09-2006, 08:26 PM
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Default Consignment Questions

Posted By: Charlie O'Neal

The juice normally ranges from 15% - 20% it just depends on which auction house it is. The juice, normally can be located on the auction rules page at their website. Since I have never co signed an item to an auction house I am not real sure about the fee for the sellers though.

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Old 04-09-2006, 08:28 PM
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Default Consignment Questions

Posted By: Joe

Bob, Mastro is 15%, Leland's is 15%. The buyer fee is 17.5% for both auction houses. If you some valuable items you can negotiate a lower consignment fee, especially with Leland's, they will work with you.

Joe

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Old 04-09-2006, 08:34 PM
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Default Consignment Questions

Posted By: Bob S

Great info. I appreciate your replies.

Bob

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Old 04-10-2006, 03:08 AM
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Default Consignment Questions

Posted By: Kyle

Depending on who you work with, consignment fees can vary from 0%-20%. I'm going to accept a recent offer by MileHigh for only 5%. Brian, the pres, sure is a nice guy and a pleasure to speak with on the phone.

-Kyle-

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Old 04-10-2006, 08:30 PM
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Default Consignment Questions

Posted By: Colt McClelland

I would talk to Mile High before you consign anywhere else. Brian Drent is a great guy, and I believe he is giving some of the lowest buyers fees of all the auction houses. His auctions do very well and continue to get better and better. He has some amazing pre-war stuff coming up in his May auction.

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Old 04-10-2006, 08:48 PM
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Default Consignment Questions

Posted By: Cat

The consignment fee for REA was 10% and Rob was also an easy guy to deal with and very free with his time.


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Old 04-10-2006, 11:06 PM
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Default Consignment Questions

Posted By: cmoking

You can't beat the 0% seller's fees at Goodwin. No hassle, no haggling. I hate having to haggle with other auction houses on the seller's fee...it's so easy just to send them to Goodwin without having a long drawn out negotiation. Plus he gets as good prices on his auctions as any other auction house.

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Old 04-10-2006, 11:41 PM
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Default Consignment Questions

Posted By: Bob S

Cmoking, I went to the Goodwin site, and while they don't specify fees, they certainly imply that there are sellers' fees for consigned items. Can you elaborate on your post.

Also, do they limit the items they will take on consignment to high end material (i.e., with a minimum expected final selling price), or to specific categories of items (vintage sports cards, as a example).

Thanks.

Bob

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