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

[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.

[Rhotchkiss]

Originally Posted by oldjudge

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

+1

[bobbyw8469]

Originally Posted by oldjudge

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

Everyone charges a seller's fee. Not everyone has $100,000 consignments.

[oldjudge]

Originally Posted by bobbyw8469

Everyone charges a seller's fee. Not everyone has $100,000 consignments.

If someone has a six figure consignment they can get a decent portion of the buyer’s premium, as well as not paying any seller’s fee. I would bet it would not be a problem to find a good auction house who would charge no seller’s commission on a $5,000 consignment, assuming it is not one hundred $50 lots. In case you haven’t noticed, you can’t take three steps and not trip over an auction house. If one insists on charging a seller’s fee wish them a good life and find another.

[slidekellyslide]

Originally Posted by bobbyw8469

Everyone charges a seller's fee. Not everyone has $100,000 consignments.

I have only consigned twice (and not with $100,000 items) once with REA who charged me no consignment fees, and once with LOTG who also charged me no consignment fees.

[bobbyw8469]

Originally Posted by slidekellyslide

I have only consigned twice (and not with $100,000 items) once with REA who charged me no consignment fees, and once with LOTG who also charged me no consignment fees.

Maybe I just got crap stuff because the time I consgined with REA, I got charged 10% from them as well......

[Dpeck100]

I sent the OP a PM and yes the prices are pre buyers premium. Good to know.

[Scott L.]

Originally Posted by slidekellyslide

I have only consigned twice (and not with $100,000 items) once with REA who charged me no consignment fees, and once with LOTG who also charged me no consignment fees.

I’ve consigned one card (not high dollar..... 600-700 bucks) in my life to Goodwin and was not charged a sellers fee.

[bobbyw8469]

Originally Posted by Scott L.

I’ve consigned one card (not high dollar..... 600-700 bucks) in my life to Goodwin and was not charged a sellers fee.

I consigned to Goodwin as well and wasn't charged either. I don't think I did outstanding on the consignment either....

[Scott L.]

I thought I did okay not great as well.

[robertsmithnocure]

Originally Posted by bobbyw8469

I consigned to Goodwin as well and wasn't charged either. I don't think I did outstanding on the consignment either....

Robert. What auction houses have you been happy with?

[bobbyw8469]

Originally Posted by robertsmithnocure

Robert. What auction houses have you been happy with?

I didn't say I was UNHAPPY with REA...I said I was charged a consignment fee. As far as auction houses where everything went smooth. REA & PWCC come to mind (although it takes a while to get your proceeds back from PWCC due to having to wait until the ENTIRE auction was finished). REA was probably the best. But I was charged a consignment fee with them.

[Klrdds]

A few random thoughts .
I have always negotiated my AH seller's fee to between 0 - 5 % depending upon a per item total sale price or a total gross items total price sale. As a rule and as most of you know the better the item the lower your consignor's fee.
I have found R & R to be fairly expensive to consign to because of their cataloging / photography fees, as well as a reserve bid fee charge back fee also . You can still negotiate with them but it is a little difficult to get them to lower their fees much and read their consignors contract carefully and talk to Bob about the fees and he'll help some. R & R also has a 25 % buyers/winning bidder's fee and I fear that 25% will become the normal buyer's fee soon and from there how high can the Buyer's Fee go until it becomes prohibitive. The 3% discount helps a little but is really a drop in the bucket and just a promo to get people to bid .
I know printing the catalogs and setting up the website and photography for an auction is expensive but how about a staggered buyer's fee. The higher the item's selling price the lower the premium ...just a thought.
Should the LOA for an item or the grading be paid by for the seller or the AH ? If it doesn't sell then the seller should pay because the LOA / slabbed item is his .