help with consigning

[sycks22]

What would be the top 5 auction houses to consign an item? Aka lowest consigning fee / quickest payouts. Any help would be great
Thanks

[bobbyw8469]

Goodwin charges 0% consignment fee. Robert Edwards pays out fast and seems to obtain high prices. Memory Lane paid out fast, although their prices weren't as high as REA's. But ML has more than one auction per year. It all depends on what you are after.

[Matt]

Originally Posted by bobbyw8469

Goodwin charges 0% consignment fee. Robert Edwards pays out fast and seems to obtain high prices. Memory Lane paid out fast, although their prices weren't as high as REA's. But ML has more than one auction per year. It all depends on what you are after.

the consignment fees are only half the financial equation - the BP is just as critical as any consignment fees. I believe B&L and Lew Lipsett offer the lowest total fees for a consignor.

[ls7plus]

My best experiences have been with Bill Goodwin.

Good luck,

Larry

[Bosox Blair]

Originally Posted by bobbyw8469

Robert Edwards pays out fast and seems to obtain high prices.

Consign with REA today and you'll get paid out in...oh, about one year exactly.

But that raises another point - advances on consignments. I understand certain auction houses will give you pre-sale funds advances on certain consignments. If you need money pronto, you might look into this.

Cheers,
Blair

[sycks22]

Thanks for the help guys

[Exhibitman]

Don't forget to negotiate; if you have good stuff you can get a very low or even zero commission.

[autograf]

Almost all the auction houses will give an advance for top shelf stuff. If you have a VG T206 Cobb, don't expect an advance. If you have a large batch of good quality, in demand items, shop around and see what people will offer. Legendary and REA offered nice advances on item's I've sold with them including a T206 near set. Just ensure that you put it down on paper and minimize your costs and maximize what the amount returned to you will be. If you go with the larger auction houses, be prepared to have your items placed into the larger type lots. They are looking to maximize the per lot averages in their auctions and minimize the number of pages printed in catalogs. The more boutique-type auctions like B&L will lot things in smaller lots which could net you more. Be sure to get any of those type items explained and agreed to up front.