Quote:
Originally Posted by Gorditadogg
OK. So if your friend's collection is worth well into six figures, say $300,000, would you say $120,000 is a fair price for the work you did? I'm just asking.
And obviously, none of us really know all the facts here, we are all just making up theories as we go along.
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It's not an exact comparison because my friend inherited his collection and knows nothing about it or has ever been interested in sports cards and memorabilia. Without some kind of help from someone who knew about the hobby, he would have probably had a tough time finding someone to buy it (or an auction house to be willing to go through it all) at anywhere close to the value it turned out to be worth since the vast majority of items were low value. However, mixed in amongst everthing was a lot of value, so yes, I think the work I did for him was worth at least 40% to him. Below is a picture of what I was dealing with which only shows about 2/3 of what he had. This is a 10x15 storage unit it's in, and the rest was in another office he was renting.
For the OP, without knowing more details about how the collection was organized, the desirability of the items and their general value, it's hard to say what would be a fair cut for an auction house. Regardless of the value of an item, there's still some time required to list it in an auction. If something is going to sell for $5000, it doesn't take 1000x longer to list it than an item that will sell for $5. Based on a post by someone who knew the OP, it sounds like there were some better items but a large amount of items that would take a lot of time and effort to go through and organize before listing even though they were not high value, and if they're only going to sell for a small amount, the auction house needs to make more on the better items to make it worth their time and effort. I still don't think enough is known about the overall situation to be able to judge how fair it is to the OP.