$5,000 minimum consignment?

[Exhibitman]

Sorta OT but not really since we all will have to sell stuff some day.

I saw that Heritage was having an entertainment auction in the spring. I sent the director an email about consignment of my Academy Awards ticket collection. She responded back that the collection wasn’t worth $5000 so they could not take it. That seemed a little odd to me so I did a little checking and found that 2/3 of the lots in their June entertainment auction closed for less than $1000 so I asked why they wouldn’t take my lot for a regular auction. The response baffles me:

“It’s not what the lot sells for – I have to take in a consignment worth $5K or more from any given consignor – if you just have one piece like you do that is not worth $5,000, then sadly, I can’t consign it.”

Anyone ever heard of this before, a $5000 floor on consignment value (not single lots for a major auction but the overall value )? What if I have a $4,000 autograph, no good?

I’ve never heard of that in the sports memorabilia field.