auction advances

[uyu906]

I am curious what you mean by "Points back"?

Thanks!

Originally Posted by mrreality68

Hi

Many auction houses do advances and they treat it like an advance and not a loan. They typically give up to 50% of their estimate of the item. A lot do advances on items as little as 10k that I am aware.
However if the auction house allows reserves they usually do not give an advance if you put a reserve since if it does not sell it could be an issues.
Also if you take an advance they usually either not give you points back if it is a card desirable to them that the want or my not give you as many points as they would since they are advancing you money

[mrreality68]

Originally Posted by uyu906

I am curious what you mean by "Points back"?

Thanks!

some auction houses might really want your card or cards in their auction and they will incentive you. For example no seller fees or sometimes they will give a percentage "points back" from the buyers fee. So for example the buyer pays a 20% premium. The AH might pay you 1, 2, 3% etc from the buyers fee. So you would get whatever the gavel price on the auction plus those extra points from the buyer.

[wondo]

I get zero sellers fees and 30-50% from several AH on total lots as small as $5k - all vintage with minimal market volatility. If you don’t, go somewhere else; it’s competitive out there.

[Snapolit1]

Originally Posted by mrreality68

some auction houses might really want your card or cards in their auction and they will incentive you. For example no seller fees or sometimes they will give a percentage "points back" from the buyers fee. So for example the buyer pays a 20% premium. The AH might pay you 1, 2, 3% etc from the buyers fee. So you would get whatever the gavel price on the auction plus those extra points from the buyer.

Yep, AH may agree to give you 105% of hammer for example. Full hammer price and an additional 5% out of their commission.

Anyone who sells anything of high value and pays a seller's commission isn't paying attention.

[uyu906]

Originally Posted by Snapolit1

Yep, AH may agree to give you 105% of hammer for example. Full hammer price and an additional 5% out of their commission.

Anyone who sells anything of high value and pays a seller's commission isn't paying attention.

Is 105% of hammer price the best you are likely to be able to do on a single item worth an estimated $20K?

[Casey2296]

Originally Posted by uyu906

Is 105% of hammer price the best you are likely to be able to do on a single item worth an estimated $20K?

Nothing wrong with that return.

[uyu906]

No, just wondering if 105% is the best one can usually negotiate with a big auction house for 1 baseball item worth an estimated 20K?

[Casey2296]

Originally Posted by uyu906

No, just wondering if 105% is the best one can usually negotiate with a big auction house for 1 baseball item worth an estimated 20K?

Personally, I work with one AH here who is a longtime member and I know how hard he and his family work to sell my consignments, they do such a great job I would never ask for a piece of his end, but that's just me, I'm more into relationships than a 5% vig.