Listing of all BP rates for Auction Houses?

[BobbyStrawberry]

Soon all the cards will be in vaults and there will be additional fees to get them out.

[Johnny630]

Originally Posted by BobbyStrawberry

Soon all the cards will be in vaults and there will be additional fees to get them out.

We maybe the last group of guys who want to actually possess their cards !

[Peter_Spaeth]

Brunk Auctions, which advertised here not long ago for an auction ending this week, appears to be 28 percent. Bid accordingly, I guess.

[BobbyStrawberry]

Originally Posted by Peter_Spaeth

Brunk Auctions, which advertised here not long ago for an auction ending this week, appears to be 28 percent. Bid accordingly, I guess.

Was buyer's premium a thing in the pre-internet days? Or was it a lower percentage?

[oldjudge]

Sterling has no catalog and charges 20.5%--how do they justify that?

[Peter_Spaeth]

Originally Posted by oldjudge

Sterling has no catalog and charges 20.5%--how do they justify that?

If people are willing to consign, why do they have to "justify" it?

[raulus]

Originally Posted by oldjudge

Sterling has no catalog and charges 20.5%--how do they justify that?

Supply and demand.

[ncinin]

Sterling charges 20.5% BP if paying via Paypal, that most auction houses do not accept.

If you pay via check, etc the BP is 17%.

[brianp-beme]

Originally Posted by BobbyStrawberry

Was buyer's premium a thing in the pre-internet days? Or was it a lower percentage?

I seem to remember Lew Lipset in one of his The Old Judge newsletters bemoaning the trend of auction houses switching from a system of charging only the consigner a premium to also charging a buyer's premium, something that was only common in the art world(?...might be remembering this part incorrectly). His newsletters were issued from the mid-1980's to early 1990's, so I think that this indicates that our hobby's auction houses started to make the shift during this time frame.

Brian

[BobbyStrawberry]

Originally Posted by brianp-beme

I seem to remember Lew Lipset in one of his The Old Judge newsletters bemoaning the trend of auction houses switching from a system of charging only the consigner a premium to also charging a buyer's premium, something that was only common in the art world(?...might be remembering this part incorrectly). His newsletters were issued from the mid-1980's to early 1990's, so I think that this indicates that our hobby's auction houses started to make the shift during this time frame.

Brian

Thanks for the info, Brian

[edhans]

Originally Posted by Peter_Spaeth

Brunk Auctions, which advertised here not long ago for an auction ending this week, appears to be 28 percent. Bid accordingly, I guess.

It's 23% if you bid through their site and pay by wire transfer or check.

[oldjudge]

Originally Posted by edhans

It's 23% if you bid through their site and pay by wire transfer or check.

Oh, well that makes it very reasonable. Who is Brunk?

[Peter_Spaeth]

Originally Posted by oldjudge

Oh, well that makes it very reasonable. Who is Brunk?

Brunk just had a live auction of a pretty solid group of T205s and T206s from a collection. They're not primarily sports, it appears.

https://brunkauctions.com/

[edhans]

Originally Posted by oldjudge

Oh, well that makes it very reasonable. Who is Brunk?

They're generalists, like Heritage or Weiss. Andrew Brunk is an appraiser on Antiques Roadshow.

[Sterling Sports Auctions]

Hello,

I would like to clarify that Sterling charges 17% if you pay by check or money order and 20.5% if you pay by Paypal.

We also do not have to charge any sales tax on an invoice except for MN which is My home state.

Lee Behrens
320-219-1372

[Fred]

Originally Posted by Johnny630

We maybe the last group of guys who want to actually possess their cards !

I don't understand the vault concept. My thought is that if you are a "collector" or "hobbyist", then you're going to want to hold the card and possess it.

How many people on this board go with the vault collecting practice, and why?

[jayshum]

Originally Posted by Fred

I don't understand the vault concept. My thought is that if you are a "collector" or "hobbyist", then you're going to want to hold the card and possess it.

How many people on this board go with the vault collecting practice, and why?

I've never used a vault for a card I purchased, but I would guess avoiding sales tax on a large purchase is the main reason people would use one.

[raulus]

Originally Posted by jayshum

I've never used a vault for a card I purchased, but I would guess avoiding sales tax on a large purchase is the main reason people would use one.

I think there are some people who also use it to accelerate the selling process for something that they expect to want to sell in the near future. Send it to the vault, and then quickly flip it. I *think* that some vaults even give you a break on selling fees.

Some people also just keep some of their more valuable cards at a safety deposit box. I'm not convinced that a vault is really all that different.

I think if I were going to be away for a while, I might also consider a vault. Like if I was heading out on sabbatical or for a military or work assignment for a few years, or moving to a foreign country to try living there, then rather than stick my cards in storage or bring them with me, I might think about a vault.

[Peter_Spaeth]

Huh? With cards at a local bank, you can head right over and access them. How is that not different? The ten minute drive to my bank is just a bit more convenient than going to Delaware or California.

[raulus]

Originally Posted by Peter_Spaeth

Huh? With cards at a local bank, you can head right over and access them. How is that not different? The ten minute drive to my bank is just a bit more convenient than going to Delaware or California.

Yep, it’s close, and yet so far away. If I had to guess, people who have their cards in a bank safety deposit box probably don’t bother to look at them very often. But maybe you’re the exception!

[Apple_Robert]

Originally Posted by jayshum

I've never used a vault for a card I purchased, but I would guess avoiding sales tax on a large purchase is the main reason people would use one.

I agree with your hypothesis. I wonder how many people actually read the ToS for the eBay vault service before sending the card off just to save some tax. I read it and quickly decided I will take personal charge of my cards.

[jayshum]

Originally Posted by Apple_Robert

I agree with your hypothesis. I wonder how many people actually read the ToS for the eBay vault service before sending the card off just to save some tax. I read it and quickly decided I will take personal charge of my cards.

What turned you off?

[Apple_Robert]

Originally Posted by jayshum

What turned you off?

For one thing, third parties are involved in the storage of cards.

"1. Items Accepted for Submission; Non-Conforming Orders; Restricted Users.

a. The PSA Vault Services include storage services at storage facilities operated by PSA or one or more third-party providers (each a “Facility”) for storage of permitted items only, as determined in PSA’s sole discretion. "

https://www.psacard.com/vaulttermsandconditions

Take a look at section 4b. That was another biggie for me.