Will major auction houses submit high end graded cards for review before auction ?

Peter_Spaeth · #1 11-21-2022, 09:52 PM

Quote:

Originally Posted by BRoberts

I�m going to assume there are no more than a handful of auction houses you would consider consigning those cards to, let�s say five. Why not ask the AHs and get actual answers rather than speculation from people here who have no real idea?

Agreed, but at least this way we got to see these outstanding examples.

pokerplyr80 · #2 11-21-2022, 10:17 PM

Yes they would be happy to. Call them and ask. They will probably even cover the cost to review. If I owned an AH I certainly would. Nice cards!

raulus · #3 11-21-2022, 10:26 PM

So you picked up the PSA 8 from the last auction and now you�re ready to sell your duplicates?

Aquarian Sports Cards · #4 11-21-2022, 11:00 PM

Quote:

Originally Posted by pokerplyr80

Yes they would be happy to. Call them and ask. They will probably even cover the cost to review. If I owned an AH I certainly would. Nice cards!

It's $5000 apiece to get these redone. and I'm sure you expect the auction house to kick back part of the BP as well?

I personally don't think the 6 stands a chance at an upgrade. The image of the 7 is a little small but the centering is pretty sweet, not a fan of the top right corner, but there's a chance it improves.

pokerplyr80 · #5 11-21-2022, 11:07 PM

I would expect half of the bp back if I sent these off. Are we figuring about 700k give or take for the pair? If so, that's 70k for the auction house, assuming they would give back half of a 20% bp. I would subtract the grading fees from my cut of the bp if I were negotiating.

Aquarian Sports Cards · #6 11-21-2022, 11:15 PM

Quote:

Originally Posted by pokerplyr80

I would expect half of the bp back of I sent these off. Are we figuring about 700k give or take for the pair? If so, that's 70k for the auction house, assuming they would give back half of a 20% bp. I would subtract the grading fees from my cut of the bp if I were negotiating.

OK that sounds pretty reasonable, (though I'm not sure on the sales estimate). I thought it was going to be another case of expecting an auction company to give it's services away because they're all such nice guys

pokerplyr80 · #7 11-21-2022, 11:20 PM

Quote:

Originally Posted by Aquarian Sports Cards

OK that sounds pretty reasonable, (though I'm not sure on the sales estimate). I thought it was going to be another case of expecting an auction company to give it's services away because they're all such nice guys

Lol I would be fair. I know you guys have a business to run. But I would also try to negotiate the best deal for me. Consignments like this don't come along often for most auction houses. I have never personally sent a consignment this valuable off, and the 700k figure is just a guess with no research done. Aside from the other thread in which a worse 7 sold for 468k.

Aquarian Sports Cards · #8 11-21-2022, 11:30 PM

REA sold a 7 Spring 2021 in an ostensibly better market for "only" $260k and Heritage had one after that for about $300k if I remember correctly. It's always tough to account for outliers, and using them to predict the next sale is risky. It's like the guys who think they always have to sell over the most recent VCP as opposed to the recent average, or even throwing out the top and bottom sales and THEN taking the average.

There's a lot of people who learn the hard way not to chase auction results as a consignor. A big part of the reason is OK that one sold for $468k, but now that buyer is out of the market. Now the card is only worth one bid over what the THIRD PLACE bidder was willing to go. That could be $450k or it could be $300k if the top two guys were the ones pushing the card most of the way. So just because something went big doesn't mean it will necessarily do so again, and sometimes the sooner after a big sale you come to market with the same item the WORSE your results!

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