Hertiage Auction Net Effective Rate

[Edwolf1963]

Won one lot last night on Hertiage and got the invoice this morning below. Doing the simple math on the final cost to me, makes the total fee percentage back to me at 33.8%

I haven't been able to be very aggressive in any bidding with Heritage since they sent out their tax advisories to many/many states including me in Illinois. Though I have not seen or read of any physical location they have here or built within the last year or so, I got the advisory note as did several others in other states. (Funny how they built physical locations in no less than 10 states all at once.) It is what it is and I have watched Hertiage since the advisory letter knowingly. Obviously with that knowledge also means that I've had to factor in over 30% now (give or take depending on amount of bid/how S&H factors in as a percentage) lower than I might otherwise vs other AHs at (approx.) 14% to 24% net effective buyer rates.

As a consignor, that's a consideration that weighs heavily and leaves me to feel I would never use them as that's just too big of a cut to incur. Whomever consigned this E94 SGC40 Davis took in $220 (assuming no consignor fees - which I doubt) on a card I thought should have easily topped out at $400+ given current market. Certainly as the buyer I'm happy I was able to catch it at this price (even with the net effective buyer rate) - but as both consignor and buyer of late, it still makes me wonder if the consignor in this case is pleased with that ROI .. and/or where I will go to sell or consign in the future.