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#1
10-31-2016, 09:29 PM
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Surprisingly, with all of the talk on the board about high shipping costs, very little has been mentioned about the 25% BP, which, as far as I know, is the highest ever charged for a sports memorabilia auction. Their catalogue indicates that the 25% BP is their new policy going forward for all of their auctions. I'm not sure how that compares to their other auction line markets such as artwork, real estate, etc. so I can't speak to that.
My take on that aspect is that the high BP really doesn't effect the bidders/buyers in the auction, but instead, the consignor(s). In order to compensate for the extra 5% or so BP, the bidder just goes 5% lower on their bid, same bottom line, bid amount + BP. Thus, the consignor(s) lose that 5% from their net payout as the amount is moved from final bid amount to BP (i.e.-the auction house). In this case, the way I understand it, the Baseball Museum was the only consignor of all items in the auction so none of us on the board (or anyone else) lost that extra 5% above the more traditional 20% BP range. Furthermore, it is my guess that the Baseball Museum shopped their consignment around to various sale avenues and certainly would be offered not only 0% consignment fee, but a portion of the BP as well. Maybe the agreement was somewhere between 5% back and 10% back so, in order to achieve a similar bottom-line as other sports AH's, Christie's then had to charge the 25% BP. For this reason, I don't see this one case as an opportunity for other sports AH's to start pushing up their BP's towards that 25% level, at least not any time in the foreseeable future, in my opinion. Last edited by bcbgcbrcb; 10-31-2016 at 09:39 PM. 
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#2
11-01-2016, 01:22 AM
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My niece ended up shipping the photos for $11 and NY sales tax was $2 less (which strangely they said they wouldn't refund). Ok by me. Saved $375+ dollars
__________________
Join my Cracker Jack group on Facebook: https://www.facebook.com/groups/crac...rdsmarketplace https://www.collectorfocus.com/collection/ajohnson39 *Proudest hobby accomplishment: finished (and retired) the 1914 Cracker Jack set currently ranked #7 all-time.
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#3
11-01-2016, 07:53 AM
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Quote:
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#4
11-02-2016, 07:06 PM
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I received my winnings my Christies yesterday. Just thought it'd be interesting to how where my $179 shipping cost for a single ~7x9" photo went. The $179 shipping was broken down into $144 for courier cost and $35 for insurance. My photo before BP was $1000, and the BP was $250, so the BP + shipping was $429, which basically added 43% to the hammer price of my winnings, which is the highest I've ever seen.
I paid via credit card 8 days ago (a nice feature of Christies where you can charge your CC up to $50K), and my card was charged 3 days later. As you can see from the first photo, the package was shipped two days ago via FedEx Priority Overnight, and I received it yesterday. As you can see from the pictures, the packaging was done extremely well, obviously, the best I've ever received for a single photo. The cardboard was very thick, and you can see that Christie's is used to shipping very expensive flat items. Obviously, my photo arrived in perfectly good shape, and I'm very happy with the packaging. However, I still would have preferred the trade-off for the shipping cost being much cheaper, and being done using ground shipping as most of the other auction house do it. Still an interesting experience. Last edited by glchen; 11-02-2016 at 07:09 PM.
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