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#1
02-23-2011, 05:07 PM
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Posted it because we have more auction letter rejections and i'm sick of it - HEADING READS BEWARE AUCTION LETTERS - if we all let this continue the hobby goes down the shitter - why should more buyers be burned - maybe they don't understand how these letters work - I never mentioned but i will now - i have 2 baseballs same auction same problem - and i know it's continuing to go on with many aution houses - they should step up and supply a full letter - if i didn't think the auto's were bad i'd still be walking around with an aution letter and my customer would and should hold me reasonsable. Isn't this forum meant to make everyone aware of issues.
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#2
02-23-2011, 05:28 PM
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The auction letter was a PSA invention, designed to pick the wallets further of collectors who buy items with auction letters. An auction letter means little in the after market.
19% buyers premiums plus pay the 3rd party authenticators more $$$ if you want an official LOA for your item. Good luck with all that.
__________________
Sign up & receive my autograph price list. E mail me,richsprt@aol.com, with your e mail. Sports,entertainment,history. - Here is a link to my online store. Many items for sale. 10% disc. for 54 members. E mail me first. www.bonanza.com/booths/richsports -- "I have never killed a man, but I have read many obituaries with great pleasure."- Clarence Darrow
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#3
02-23-2011, 05:37 PM
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Quote:
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#4
02-23-2011, 05:54 PM
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This is not meant to be an endorsement, just a statement of fact, but there is a major auction house out there that does not use 3rd party authentication and its top two officials know more about autographs than anyone at the 3rd party authentication companies. Kudos to Josh Evans and Mike Hefner,from Lelands, for that fact.
A huge advertising budget has helped make the 3rd party companies what they are today. And look at what has happened. One controversy after another.
__________________
Sign up & receive my autograph price list. E mail me,richsprt@aol.com, with your e mail. Sports,entertainment,history. - Here is a link to my online store. Many items for sale. 10% disc. for 54 members. E mail me first. www.bonanza.com/booths/richsports -- "I have never killed a man, but I have read many obituaries with great pleasure."- Clarence Darrow Last edited by RichardSimon; 02-23-2011 at 07:15 PM.
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#5
02-23-2011, 05:54 PM
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Same here Frank. My only thought is that a "generic" warning would have alerted us to this problem without mention Mears. Post just came off as a slam against this one particular auction house.
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#6
02-23-2011, 06:33 PM
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I appreciate this post....
and am glad you started it. I was unaware of the difference and potential problems. I recently (this week) inquired to an auction house about one of their current items and it comes with the "letter". He actually explained that it was not the "full letter", so between them and Frank heres post I have become enlightened.
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#7
02-23-2011, 06:36 PM
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Quote:
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#8
02-23-2011, 06:43 PM
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Anybody think 3 card monte when you read this thread?
__________________
Sign up & receive my autograph price list. E mail me,richsprt@aol.com, with your e mail. Sports,entertainment,history. - Here is a link to my online store. Many items for sale. 10% disc. for 54 members. E mail me first. www.bonanza.com/booths/richsports -- "I have never killed a man, but I have read many obituaries with great pleasure."- Clarence Darrow
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#9
02-23-2011, 07:54 PM
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If one relies solely on a third party, whether he be a simple collector, a dealer, or a full-fledged auction house, he will eventually be burned.
And is there a bigger scam than "auction letters"? An authenticator either believes an item is good, or he doesn't. What the hell can anything less than a "full letter" (itself meaningless IMHO) possibly mean? Stop embracing the bullshit.
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#10
02-23-2011, 07:57 PM
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Never could understand the buyers premium in the auction houses. Sellers preminm yes for the privalige of selling your item but the buyer gets hit with 3 fees. The cost of the item he won. Next a 19 or 20% buyers premium which is the biggest joke, then a shipping fee which is always inflated. So 3 fees and the seller just one fee. There are a few auction houses that don't charge buyers prem and it's great. It's just like Ebay buy the item and pay for shipping. Simple. Sure there is cost which they all say but if some companies can do without a buyers prem and have successful auctions then they all should try. Maybe do it one time and see how it goes. When it gets to 20% for the privilage of throwing my money away to buy an item I go elsewhere. What if you went to a store to buy an item, went to the cash register paid for the item, paid the tax, (since there is no shipping) and then they hit you with a 20% fee for shopping there on top of everything. Same deal.
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