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#1
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Consignment Questions
Posted By: Bob S
Hi Folks, |
#2
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Consignment Questions
Posted By: Bob
The consignor fee in consignments is 15%, I believe most everywhere. The term vig or vigorish relates to the percentage the buyer of the item pays to the auction house above the final bid. It varies anywhere from 10% to 20%. |
#3
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Consignment Questions
Posted By: Charlie O'Neal
The juice normally ranges from 15% - 20% it just depends on which auction house it is. The juice, normally can be located on the auction rules page at their website. Since I have never co signed an item to an auction house I am not real sure about the fee for the sellers though. |
#4
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Consignment Questions
Posted By: Joe
Bob, Mastro is 15%, Leland's is 15%. The buyer fee is 17.5% for both auction houses. If you some valuable items you can negotiate a lower consignment fee, especially with Leland's, they will work with you. |
#5
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Consignment Questions
Posted By: Bob S
Great info. I appreciate your replies. |
#6
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Consignment Questions
Posted By: Kyle
Depending on who you work with, consignment fees can vary from 0%-20%. I'm going to accept a recent offer by MileHigh for only 5%. Brian, the pres, sure is a nice guy and a pleasure to speak with on the phone. |
#7
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Consignment Questions
Posted By: Colt McClelland
I would talk to Mile High before you consign anywhere else. Brian Drent is a great guy, and I believe he is giving some of the lowest buyers fees of all the auction houses. His auctions do very well and continue to get better and better. He has some amazing pre-war stuff coming up in his May auction. |
#8
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Consignment Questions
Posted By: Cat
The consignment fee for REA was 10% and Rob was also an easy guy to deal with and very free with his time. |
#9
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Consignment Questions
Posted By: cmoking
You can't beat the 0% seller's fees at Goodwin. No hassle, no haggling. I hate having to haggle with other auction houses on the seller's fee...it's so easy just to send them to Goodwin without having a long drawn out negotiation. Plus he gets as good prices on his auctions as any other auction house. |
#10
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Consignment Questions
Posted By: Bob S
Cmoking, I went to the Goodwin site, and while they don't specify fees, they certainly imply that there are sellers' fees for consigned items. Can you elaborate on your post. |
#11
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Consignment Questions
Posted By: cmoking
Give Bill Goodwin a call. I don't know if it is an explicit policy or an implicit one. I certainly didn't give them much the first time I consigned, and right off the bat they told me it was 0%. Maybe I am overstepping my bounds, and that really isn't the case...but I would give them a call and ask. Friendly people. |
#12
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Consignment Questions
Posted By: Bob S
Much appreciated. |
#13
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Consignment Questions
Posted By: Anonymous
Bobs, |
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