Quote:
Originally Posted by raulus
My understanding is that a number of AHs have a private placement service that they offer, in exchange for a fee.
Naturally, that service is usually more like a pocket listing - the only people who know that an item is available are the handful of people who are likely to have the means and inclination to actually buy it.
But this could just be a natural extension of that service. Instead of only a select few knowing that a piece is available for a handsome price, now everyone can know about it, which in theory should increase the number of potential buyers, and therefore should increase the number of successful sales, and with it the commission earned for those sales.
As an added bonus, if a consignor gets tired of waiting for the right buyer to come along for the fixed price listing, then I'm sure they can easily switch gears and just list it in the next auction. And for the auction house, that's likely to be an added feature that the AH finds to be extra succulent.
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This is definitely focused on a broader audience. I sent a few items in. The price/value ranged, but they seemed happy to accept an item in the $300 range, so not exclusively focused on very high-end. (It was a graded Exhibits rookie card of a Hall-of-Famer, so it was a good fit for their market).
Quote:
Originally Posted by oldjudge
Why wouldn't you use the BST and save the fee?
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Their introductory fee is 5% and includes photographing and listing the items, so the price is very reasonable.
I like the BST area here but there is not a ton of action going on here.
I sent a few items that I feel like fits their clientele's interest well, and we will see how it goes...