auction fees and the damage done

[Peter_Spaeth]

Originally Posted by gonefishin

Regarding auction houses, don't forget the seller also pays a 10-20% fee for the AH to sell the item. Let's say for example an item sells for $100. The AH may get 25% from the buyer and 20% from the seller. Hmmm, high school math tells me that's about 45%. Also, they never owned the item but they did facilitate in getting the item sold; advertising, packaging, shipping, collecting the money, etc. etc.

Auction houses do provide a needed service in a lot of respects that a seller could never accomplish on their own. They also deserve to be compensated for what they provide. I would think the market would determine what type of commissions they receive, but I thought the same thing about grading companies.

Another thought regarding auction houses, don't think just because a large auction house is selling your item you will get a much higher price than selling it on your own. That's not necessarily true. I've sold a few items through an auction house, not a lot but a few. I was very pleased in that once I turned it in, I was done. Everything else was taken care of. I wasn't real thrilled with the prices they sold for.

Just imagine if a real estate agent received that kind of money from selling a house! Sign me up.

IF a seller is paying a fee at this point in the history of the world to an auction house that charges a BP, they're with the wrong auction house. No matter how many times we go through this, we have to go through it again apparently.

[Fballguy]

Originally Posted by Peter_Spaeth

IF a seller is paying a fee at this point in the history of the world to an auction house that charges a BP, they're with the wrong auction house. No matter how many times we go through this, we have to go through it again apparently.

What are the right ones?

[Jewish-collector]

Originally Posted by Fballguy

What are the right ones?

Good one Rob beer chug.gif

[Peter_Spaeth]

Here is just one but as he says they are countless.

https://www.net54baseball.com/showpo...8&postcount=22

[Fballguy]

Originally Posted by Peter_Spaeth

Here is just one but as he says they are countless.

https://www.net54baseball.com/showpo...8&postcount=22

I don't see any names in that post and I understand they may be countless but could you name maybe...two?

[FrankWakefield]

$29 minimum fee seems nuts...

I think it's absolutely wrong to charge tax on the premiums, fees, handling, and postage. Hell's Bells, the USPS doesn't charge tax on stamps!

$12.83 for handling and service? That's crap service, and they should have handled the card a lot less.


Maybe, instead of offering several common cards in one lot and getting one premium and one handling fee, they break them down into single card lots. That way the consigner maybe gets the same money, or close; and the auction house gets a pile of handling fee money. A bit like a gigolo, they service you and you pay for it.

[vthobby]

Originally Posted by Fballguy

I don't see any names in that post and I understand they may be countless but could you name maybe...two?

REA and........ REA !

[chriskim]

Let's wait for Ken and Rob to tell us how much their auction houses are making.

[bobbyw8469]

Originally Posted by vthobby

REA and........ REA !

REA, as much as I love them, quoted me a seller's consignment fee. Therefore, I took my almost $10,000 card elsewhere.