Quote:
Originally Posted by robertsmithnocure
I do not even think that Fedex will insure collectibles. I bet that most collectible companies have a private blanket policy to cover all of their shipments. I am not sure if this is in the the 1% price range or not.
My guess is that Leland’s charges the 1% to either cover the cost of their private insurance or else they are just self insuring and figure that they will take the risk for 1%.
Either way, expensive shipping charges should be disclosed up front so that a bidder can take them into consideration when bidding.
*I did not see Jeffrey’s post. Looks like he beat me to it.
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I promise you that the third party policy costs nowhere near 1% of the entire auction sale.