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Has Anyone Sold Directly To An Auction House?
Has anyone sold directly to an auction house? I have no interest to submit my item to an auction house, but I would consider selling directly to them; of course leaving room for them to make a decent profit. As anyone done this before?
And if so, were you required to send them the item first, before being paid? Thanks!
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Successful NET54 transactions: robw1959, Tyruscobb |
#2
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Some auction houses do buy but they are tough to sell to. Generally they buy at large shows. Obviously, if they had any interest in buying an item, you would have to ship it to them well before being paid.
They are in business to spend no money on millions of dollars worth of items and take 20% from the buyer on every item and a % from 0 to 20 from the seller depending on how bad they want the consignment. So if they sell $10 million, they minimally gross $2 million from the buyers and likely another $1 million from the sellers. Granted, they have overhead, cost of catalogs, maintaining a web site, etc., but I expect the bottom line for particularly the larger ones is out of this world! Higher end items you are better off consigning than trying to sell to them. Last edited by rand1com; 07-03-2023 at 06:18 AM. Reason: content |
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Might try to solicit directly to the collector whales out there, there are hundreds of them drying to spend and ready to buy-(but consigning to any good HA might be your best option for the items exposure!) -just a thought.
Last edited by Directly; 07-03-2023 at 07:08 AM. |
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Others pretty much said it but it is better for you to sell at auction than selling to the auction.
If you sell it to the Auction house they will only give you 70% to 80% of what they perceive market value of your cards are and you send to them before you get paid. You should you Facebook, Instagram, or this forum to find people that might want to buy your collection in whole or part. Regardlesss good luck
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Thanks all Jeff Kuhr https://www.flickr.com/photos/144250058@N05/ Looking for 1920 Heading Home Ruth Cards 1917-20 Felix Mendelssohn Babe Ruth 1921 Frederick Foto Ruth Joe Jackson Cards 1916 Advertising Backs 1910 Old Mills Joe Jackson 1914 Boston Garter Joe Jackson 1915 Cracker Jack Joe Jackson 1911 Pinkerton Joe Jackson Shoeless Joe Jackson Autograph |
#6
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Thanks! I'm realizing the AH is the route to go, but will still look for a direct buyer, which will be much more limited. I know an AH will give it much more exposure.
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Successful NET54 transactions: robw1959, Tyruscobb |
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Ok, so let me be more specific. I'm considering selling my Alex Rodriguez 1st Career Grand Slam Bat. His 25th Grand Slam Bat sold in Heritage Auctions for $20,5000. His 1st should do well, as collectors like the early stuff, especially if part of an All-Time Record.
I've never had any experiences with an AH. However, I've heard of many bad experiences, so I'm hesitant; but I also know not all are bad. I also heard negative stories (behind the scenes) from someone who worked in an AH, which makes me less trusting. Maybe that's something I just need to get over. I know it would do well in an AH, but prefer just to make the sale and be over with it. Ah, the things we have to struggle with. I think because I haven't traveled the waters via AH, I'm very hesitant. Appreciate all the responses! You guys are the best! Tony
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Successful NET54 transactions: robw1959, Tyruscobb |
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If you are already of the mind set that selling to an AH you'd be comfortable leaving room for them to make a decent profit, couldn't you also simply contact a dealer and offer them the same deal?
There are many dealers on this board to reach out to who would treat you fairly. Thats my two cent opinion!
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Tony A. |
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I prefer to sell it directly vice auction house, but it may be the direction I have to go. UGH!
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Successful NET54 transactions: robw1959, Tyruscobb |
#10
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I just don't trust the auction house process. I haven't dealt with any, but I've heard too many negative experiences; however, I'm sure there are good ones also. I do know an auction would give it much more exposure.
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Successful NET54 transactions: robw1959, Tyruscobb |
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