Hidden problem #3 for auction houses

[barrysloate]

I'm with Jim, and I think it's a negotiable issue. If someone consigns 200 cards to me, and 190 are graded and 10 are raw, I am happy to provide a service for my consignor and get his raw cards graded at my expense.

But if most or all of his cards are raw, then I will discuss it with him and we would need to come up with a workable plan. There are grading fees that are well worth it to the seller, and fees that would cut too deep into the seller's profits.

This is an issue that cannot be generalized. Each situation has to be evaluated.

[Bobsbats]

I go with #2.... unless the consigner is a repeat customer, a well established hobbyist or if the item is a very high dollar amount item, then in that case I think it would be in the best interest of the auction house to absorb the costs. Anyone who consigns cards, should be told by the auction house that the item would bring significantly more money graded, and that it would cost "X".. I don't think a consigner would complain if being told about the cost upfront.

[Rob D.]

I bet auction houses deal all the time with clueless consignors who want the house to pick up the tab on slabbing a group of beat-up T206 or Goudey commons. Sure, the consignor wants them graded, because it might mean a few extra bucks — at no cost to him.

But auction houses, especially smaller ones, have to draw the line somewhere.

[Jim VB]

Originally Posted by Rob D.

I bet auction houses deal all the time with clueless consignors who want the house to pick up the tab on slabbing a group of beat-up T206 or Goudey commons. Sure, the consignor wants them graded, because it might mean a few extra bucks — at no cost to him.

But auction houses, especially smaller ones, have to draw the line somewhere.

So, that's another vote for "Agrees with Jim"?


Edited to add:
By the way, my son's back at college, so I'm home all day with my wife and 16 year old daughter. If I can get someone on a message board to agree with me on anything, I'm way ahead.

[Peter_Spaeth]

Case by case basis, with consignor fully informed about options.

[Steve D]

If I was consigning to an auction, I would have no problem with being charged the actual grading fee, plus postage. The consigner should however, be able to negotiate a lower or "no" fee, depending on the individual case. After all, once the card(s) is/are graded, the auction company will undoubtedly see a higher profit simply due to increased bidding.

As for being charged a fee for the auction company employee's time and effort in getting the cards ready and packaged for shipment to the TPG, isn't that really the same thing, or at least very similar to what they already do with any other item being consigned (preparing the item for auction)? Maybe not as far as packaging and having USPS/UPS/FedEx come by to pick it up (at least at that point...they do that though when sending the item to the winning bidder), but I see very little difference between the two; and certainly not enough for the auction company to charge the consigner for it.


Steve

[Rob D.]

Originally Posted by Jim VB

So, that's another vote for "Agrees with Jim"?


Edited to add:
By the way, my son's back at college, so I'm home all day with my wife and 16 year old daughter. If I can get someone on a message board to agree with me on anything, I'm way ahead.

Did I agree with you, Jim? I didn't know. I rarely read your posts.

[Jim VB]

Originally Posted by Rob D.

Did I agree with you, Jim? I didn't know. I rarely read your posts.

Probably for the best given your relative reading comprehension skills.

[Rob D.]

Originally Posted by Jim VB

Probably for the best given your relative reading comprehension skills.

What's that supposed to mean?

[Leon]

Originally Posted by barrysloate

I'm with Jim, and I think it's a negotiable issue. If someone consigns 200 cards to me, and 190 are graded and 10 are raw, I am happy to provide a service for my consignor and get his raw cards graded at my expense.

But if most or all of his cards are raw, then I will discuss it with him and we would need to come up with a workable plan. There are grading fees that are well worth it to the seller, and fees that would cut too deep into the seller's profits.

This is an issue that cannot be generalized. Each situation has to be evaluated.

I agree with this. You can't generalize this issue as it can go both ways. If the card is a $100 raw card and graded it's worth $125.....then the consignor should pay only actual grading fees. If the consignor doesn't then the fee does take over half the gross profit of the sale. The cutoff would need to be when the value rises enough to offset the fee. An auction house charging for their time or making this a profit center is interesting.....stupid (imo), but interesting....