Huggins & Scott May Auction - Ends Tonight 5/9!

[RCMcKenzie]

I follow the n172 Giants cards a little bit, and would say that the n172 Danny Richardson in the SGC 2.5 holder would sell between $175 and $350. With an opening bid of $600 and the vig, I would not be a bidder.

I would not be surprised to see this card on ebay with a BIN of $725, but it is an unusual starting bid in an auction format. That said, all cards are difficult to estimate these days, and unless you follow certain cards in the n172 set, it can be difficult to place an accurate market value on them. Rob

[Orioles1954]

Hello everyone,

Our May auction ends tonight. Please make sure all of your initial bids are placed by 10:00 P.M. EST. At 11:00 P.M. EST our 30 minute per lot rule goes into effect. There are plenty of exciting lots in this auction that are still at reasonable prices. If you have any questions, please do not hesitate to ask.
Thanks for your continued support!

James

www.hugginsandscott.com

[perezfan]

Surprised to see the Buyers Premium was raised to 23%.

I must have missed the announced change. Not a very pleasant surprise.

[Dpeck100]

Do the final prices I see on the site include the buyers premium?

I see something that sold and I am curious if I add 23% to that.

Thank you.

[Leon]

In fairness it goes onto say, in bold red letters-

NOTE: a 3% discount for all payments by check, cash, money order or wire transfer.


and David, my guess is you still add 20% as a final value as we all know using certain forms of payment cost close to, or 3%. That is my guess. If you buy/win something it is either 20% or 23% depending on how you pay. I almost always choose the lesser of the percentages forms of payment. To each their own though.

Originally Posted by perezfan

Surprised to see the Buyers Premium was raised to 23%.

I must have missed the announced change. Not a very pleasant surprise.

[bobbyw8469]

My credit card gives 3% cash back, so it's a wash for me. Still seems to be an extremely high buyer's premium. Is that the ceiling? Or will 25% and 30% be the new norm?

[robertsmithnocure]

Originally Posted by bobbyw8469

My credit card gives 3% cash back, so it's a wash for me.

Out of curiosity, what credit card gives you 3% cash back? Mine gives me back 2% and I would live to upgrade.

[bobbyw8469]

Originally Posted by robertsmithnocure

Out of curiosity, what credit card gives you 3% cash back? Mine gives me back 2% and I would live to upgrade.

Bank of America. You get to choose which category out of 6. I chose "online shopping".

[Dpeck100]

Originally Posted by Leon

In fairness it goes onto say, in bold red letters-

NOTE: a 3% discount for all payments by check, cash, money order or wire transfer.


and David, my guess is you still add 20% as a final value as we all know using certain forms of payment cost close to, or 3%. That is my guess. If you buy/win something it is either 20% or 23% depending on how you pay.

Thank you

Solid price for the item I was looking at.

[pclpads]

I fully realize 20-23% vig is now - and has been - the new normal in auctions. That said, unless the item being auctioned is something I'd willingly cut off my left one to win, I'm out of there. I personally think it is owing to pure greed on the part of AH's. What other reason could it be? Even at 15% vig, they are still making $$$. AH's know they have a captive audience, so, "let's really put the screws to the winners!" Those who piss and moan - like me! - are likely in the minority.

[bobbyw8469]

Originally Posted by pclpads

I fully realize 20-23% vig is now - and has been - the new normal in auctions. That said, unless the item being auctioned is something I'd willingly cut off my left one to win, I'm out of there. I personally think it is owing to pure greed on the part of AH's. What other reason could it be? Even at 15% vig, they are still making $$$. AH's know they have a captive audience, so, "let's really put the screws to the winners!" Those who piss and moan - like me! - are likely in the minority.

No...these guys make a mint...they charge consignors between 10-20% (I know this to be true, as I have consigned with them), and then charge the buyers 23%. So added together, that is quite a healthy premium. Granted, putting out and mailing out those books ain't cheap. Traveling to shows to round up consignments isn't cheap. Just an observation....as long as they got customers and consignors, it is what it is.

[oldjudge]

Originally Posted by bobbyw8469

No...these guys make a mint...they charge consignors between 10-20% (I know this to be true, as I have consigned with them), and then charge the buyers 23%. So added together, that is quite a healthy premium. Granted, putting out and mailing out those books ain't cheap. Traveling to shows to round up consignments isn't cheap. Just an observation....as long as they got customers and consignors, it is what it is.

No consignor in their right mind pays a seller's fee.

[Snapolit1]

Originally Posted by bobbyw8469

No...these guys make a mint...they charge consignors between 10-20% (I know this to be true, as I have consigned with them), and then charge the buyers 23%. So added together, that is quite a healthy premium. Granted, putting out and mailing out those books ain't cheap. Traveling to shows to round up consignments isn't cheap. Just an observation....as long as they got customers and consignors, it is what it is.

Anyone who gives someone a 20% fee to sell something of theirs, and then lets them take another 20% off the back end is going about things very badly.

Hell, if it's not a valuable item why not just sell it on BST or eBay.

[Peter_Spaeth]

Originally Posted by bobbyw8469

No...these guys make a mint...they charge consignors between 10-20% (I know this to be true, as I have consigned with them), and then charge the buyers 23%. So added together, that is quite a healthy premium. Granted, putting out and mailing out those books ain't cheap. Traveling to shows to round up consignments isn't cheap. Just an observation....as long as they got customers and consignors, it is what it is.

With due respect you should be looking to consign elsewhere or negotiate better terms. A 60-40 split with the AH is absurd.