Auction House thievery Lelands style

robertsmithnocure · #1 12-12-2019, 08:54 PM

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.

calvindog · #2 12-12-2019, 09:00 PM

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.

I promise you that the third party policy costs nowhere near 1% of the entire auction sale.

painthistorian · #3 12-12-2019, 09:03 PM

I know that this cannot be the actual sales tax by the amount, i just thought it was a computer generated error mixing up their invoicing fields but i guess you are correct, probably self insured packages...maybe they will accomodate you to keep you happy. I dont think FEDEX insures any collectible even express boxed for anything over $1000 thats why my bro in law who sells diamonds uses registered mail.

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