Consignment Checks - REA Goldin Lelands (SCP Auctions added 12/7)

[Billyscards]

Alright - I've never consigned before... can anyone help with a snapshot of what you get based on the sale for Goldin, Heritage, REA etc? Do they take a percentage of the sale? First timer over here that is wondering what options look like beyond ebay and the 10% fee. Thanks!

[Shoeless Moe]

This is not in stone but a general guideline from my experience with Auction Houses.

If you items will go in the 100's, you will give them 15-20% of the final bid (whatever their consignment fee states), plus they get the entire buyers premium.

If your items are in the low 1000's, you can negotiate a 5%-10% consignment fee, again they get the entire BP too.

If your item goes in the 5K-50K range you definitely can get a 0% consignment fee and they make their dough off the BP.

If you have 100K and up, it's a 0% consignment fee and you can even get a piece of the BP at that point, not sure if 1, 2, or 3% - bring your Scott Boras skills to the table.

If you can't get what you want you try the next auction house and then the next. There are at least 10 good ones out there if not more. Just like playing GM in baseball, eventually you will find a team that will make the trade you want.

[khkco4bls]

Mine was 0,5 10 and 15%. 15 being anything under 500

[Shoeless Moe]

Kevin, that's really good (and good info), did you have just a couple items or several?

[sb1]

Many, many of the smaller AH's charge 0% on nearly everything.

Also you can get paid as quick or quicker. I paid everyone on or before the 2nd Monday after the auction(2 weeks).

Scott

[khkco4bls]

Originally Posted by Shoeless Moe

Kevin, that's really good (and good info), did you have just a couple items or several?

I had 59 lots total.

[ruth-gehrig]

I just discovered which auction house pays out consigners 35 days post auction

[perezfan]

Originally Posted by ruth-gehrig

I just discovered which auction house pays out consigners 35 days post auction

Unfortunately, it's more than a few.

[RichardSimon]

Originally Posted by ruth-gehrig

I just discovered which auction house pays out consigners 35 days post auction

I just discovered which auction house has not paid me yet and it is 48 days after the auction has ended. Despite me sending an unanswered e mail and then a phone call which when answered promised me "check will be in the mail on Monday." You all know the AH well.

Day 49 - my check arrived.