Quote:
Originally Posted by bnorth
It would also be cool to know how much it costs to put a reserve on a card like that. It sure couldn't have been free to run the auction and not sell it.
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Great question Ben. In this case, Goldin charged me nothing to put a reserve, which is another reason I went with them. As mentioned, there was no way I was letting this go unless I got my number, so I would not consign without a reserve. This is the first time I ever put a reserve on a consignment, so I do not have a ton of experience on the matter. It is my understanding that some AHs charge the consignor the BP on the reserve amount if the card is not sold, some AHs charge a fee, some AHs do not allow reserves, and some allow them without a charge; I expect its all part of each consignment negotiation.
Corey, I will 100% consign to Goldin again, but I expect this is the last and only card I put a reserve on. I will also bid with Goldin -- I know what I am willing to pay and I will bid to that point. That said, I too do not like when the AH can place house bids. I think that sucks. Many/most AHs have the right to do this and I expect many do.