E107 Eddie Plank question

[philliesphan]

Hi Rich-

It's not a guarantee that it sells for over $10k. I think you could put a value of $9k on the card, and get it graded for $500.

There are many threads on these forums about Auction Houses. Each person here has their favourites or preferences. The two that I most frequently do business with (As a consignor, and as a bidder) are Robert Edwards Auctions and Love of the Game Auctions.

In REA, even a great card like this might not get the limelight / prominence that it may get in a smaller auction house like LotG. However, REA might have a slightly broader reach in terms of customer list.

There are some Auction Houses a few of us will routinely avoid. But there are many other good, decent ones, including many that are owned/supported by folks that frequent Net54.

It's a great card. Despite the paper loss, it has really strong eye appeal and contrast. Also, depending on your laziness quotient factor, the Auction House can submit on your behalf (which would be a negotiated part of your consignor contract) if you'd rather just send the AH your card instead of getting it graded and then consigning it

[Rhotchkiss]

Good point Marc. An auction house should have it graded for you, and you may be able to get that thrown in as part of the consignment, because it is a great card. BTW- I got mine for $18k at the National last year

[ullmandds]

I agree if you def plan to sell have the auction house send to have graded...it will likely come back much much quicker.

[philliesphan]

One more quick point-

While I'm a huge fan of REA as an auction house, their March auction already will have a (pretty nice looking) new to the hobby E107 Plank in it, so you may want to consider where / when / how.

Sweet card

[ullmandds]

Originally Posted by philliesphan

One more quick point-

While I'm a huge fan of REA as an auction house, their March auction already will have a (pretty nice looking) new to the hobby E107 Plank in it, so you may want to consider where / when / how.

Sweet card

yes...make sure yours is the only one in the auction you choose...which shouldn't be too hard!!!!!!!

[Ricky]

THis is great information - thanks!! I will send to the auction house and have them send it for grading for me. I was leaning toward REA, but now I think they're the one and I'll skip the March auction if there's already another E107 Plank in it.

Question about consignment fees - let's say this card sells for $10,000 or $15,000... what would be the dollar figure that REA would receive, assuming they send in for grading? What percentage do they work on?

[JeremyW]

REA has a 20% buyer's premium. You should be able to get them to waive the seller's premium. In the end, REA will take 20% of the final price (20% buyer's premium included).

[x2drich2000]

Originally Posted by Ricky

THis is great information - thanks!! I will send to the auction house and have them send it for grading for me. I was leaning toward REA, but now I think they're the one and I'll skip the March auction if there's already another E107 Plank in it.

Question about consignment fees - let's say this card sells for $10,000 or $15,000... what would be the dollar figure that REA would receive, assuming they send in for grading? What percentage do they work on?

Personally, I would need a REALLY good reason to consign a card like that if I had to pay any seller fee. I believe most AH will give you 0% seller fee on a card like that and so their profit is whatever the buyer's premium is that they charge. Assuming a 0% seller's premium, and a 20% buyers premiums with the hammer price being $10k, the buyer would end up paying $12k. You would get $10k and the auction house keeps $2k. Some AH's you may even be able to get them to give you a piece of the buyer's premium as well. The thing to remember is that pretty much everything in the consignment contract is negotiable including who pays for grading. Just make sure you understand the terms and that everything is in writing in whatever contract you sign.