Consignment Fees

[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.

[bobbyw8469]

Originally Posted by 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.

I'm not looking at a percentage back from the buyer's premium, but consignor's paying a seller's premium, with this many auction houses to choose from, is ridiculous. For consignor's that DO pay it, that means the auction house is getting 30% (maybe more) off YOUR consignment. 20% from the buyer and 10% (at least) from you. That is too much, IMHO.

[MVSNYC]

AH's have been doing this for 25 years+, nothing new...in fact, historically the seller's premium used to be 20%.

I think more and more these days, you can negotiate.

[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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