OT: Paul Skenes Rookie Card Search

[pawpawdiv9]

Yeah- forgot to add that all proceeds go to the LA fires �� it said

[packs]

I heard that the kid who pulled the card may be the son of a very popular breaker. But I don’t know if it’s true.

[Lorewalker]

Originally Posted by pawpawdiv9

Yeah- forgot to add that all proceeds go to the LA fires �� it said

100% of the proceeds? Or just Fanatics' commission?

[pawpawdiv9]

It on mlb.com
Says All proceeds

[Eric72]

As I understand it, whereas it pertains to auctions, the term "all proceeds" would typically mean the profit realized by the auctioneer.

Hypothetically, let's imagine the item sells for $1,200,000. Let's further imagine the BP is 20% and the consignor gets $1,000,000. In this particular example, "all proceeds" would equate to $200,000 minus any expenses incurred by the auction house.

So, the donation would be significant; however, it wouldn't be the entire hammer price.

[Peter_Spaeth]

Originally Posted by Eric72

As I understand it, whereas it pertains to auctions, the term "all proceeds" would typically mean the profit realized by the auctioneer.

Hypothetically, let's imagine the item sells for $1,200,000. Let's further imagine the BP is 20% and the consignor gets $1,000,000. In this particular example, "all proceeds" would equate to $200,000 minus any expenses incurred by the auction house.

So, the donation would be significant; however, it wouldn't be the entire hammer price.

Donating the entire thing would be a drop in the bucket and great publicity for Fanatics.

[Lorewalker]

Originally Posted by pawpawdiv9

It on mlb.com
Says All proceeds

The article I had read said that Fanatics said their proceeds would be donated and the journalist took that to mean 100% of the proceeds. My hunch is the 11 year old kid is not donating 100%, if any, of his proceeds.