Consignment Fees

[gidyup24]

Hello members,

I wanted to get your advice on something.

I have sold a few different items to high end sports auction houses for $10,000+.

I have always just assumed the consignment fees are non-negotiable (15-20%). However, I was informed that sometimes you can negotiate the seller fees.

My question is, should I have been able to negotiate ZERO fees on those items $10K and above? If not, what is the dollar amount where auction houses will eliminate those seller fees?

Any advice would be much appreciated for any future sales I might have.

Thanks!

[bigfanNY]

Most auction houses don't charge any fees when you sell items to them. But it dose not surprise me they would try.

[hcv123]

If you consigned items most auction houses would not charge a consignment fee for10k+. If you actually sold the items to them and they deducted a fee - shame on them!

[Leon]

To be clear there are sellers AND buyers fees. On a 10k consignment you generally shouldn't need to pay a sellers fee and can usually get a few percent back from the buyers premium. If the AH says no to any points back just PM me, I will hook you up with several AH advertisers that will.

[bobbyw8469]

Originally Posted by Leon

To be clear there are sellers AND buyers fees. On a 10k consignment you generally shouldn't need to pay a sellers feel and can usually get a few percent back from the buyers premium. If the AH says no to any points back just PM me, I will hook you up with several AH advertisers that will.

That's good to know. Would that only apply to $10,000+ consignments Leon?

[MVSNYC]

There's no set rules, but I doubt a consignment valued under $10k, you'd get any percentage back from buyer's premium. I'd even think the piece might need to be valued $15K+, but if Leon can hook you...jump at that.

[Leon]

Originally Posted by bobbyw8469

That's good to know. Would that only apply to $10,000+ consignments Leon?

Not necessarily. Every situation and company is different. I have a pretty good rapport with most of our advertisers and am always eager to help them and our members. I have given serious thought to having a Net54 consignment consulting service but haven't moved forward on it yet. I have been able to help numerous members in the past. And I work cheap ie....free.

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