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#1
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Thanks to everyone who responded and help educate me about this process. Four auctions houses expressed interest in selling my item. Interesting, estimates for it varied widely. Among those auction houses I was offered between 0-10% of the buyers premium for a hammer % of between 100% and 110%. I selected the auction house that I thought showed the most excitement about my item and felt they would do the most to advertise it. I signed the electronic contract today.
Thanks again! |
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#2
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Quote:
Last edited by bnorth; 07-12-2022 at 06:25 PM. |
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#3
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+1 agree glad the forum could help and good luck with the auction
__________________
Thanks all Jeff Kuhr https://www.flickr.com/photos/144250058@N05/ Looking for 1920 Heading Home Ruth Cards 1920s Advertising Card Babe Ruth/Carl Mays All Stars Throwing Pose 1917-20 Felix Mendelssohn Babe Ruth 1921 Frederick Foto Ruth Rare early Ruth Cards and Postcards Rare early Joe Jackson Cards and Postcards 1910 Old Mills Joe Jackson 1914 Boston Garter Joe Jackson 1911 Pinkerton Joe Jackson |
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#4
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I have heard some collectors take the advance in one year and then the rest of the payout in another year to offset taxes.
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#5
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Plenty of the houses will offer you an advance on $20000 seems like Steve wanted to brag about his six figure consignment. Should be able to easily get half of the estimate if not more. Should not be a loan should be no interest. If they try and structure like one look elsewhere. There’s enough competition for consignments out there this shouldn’t be an issue. Also shouldn’t effect the rate they charge you. I’d try REA, heritage, mile high, memory lane and love of the game. See what they all offer you.
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#6
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Quote:
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#7
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i once got in advance from a guy named vito..in queens ny .it didnt work out for me ...
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#8
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Everything is negotiable.If you have high value graded items that require little research work by the auction house they will undoubtedly be willing to give an advance and points back on the buyers commission. How much of an advance, how many points back—depends what you negotiate. If you can’t get these things find another auction house. If you have a lower value consignment that requires a lot of work by the auction house to write it up then they will be less likely to negotiate with the consignor.
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#9
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Best of luck !!!
Remember the saying, "Dealing with an auction house is like buying a boat. The best time is when you buy and when you sell."
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#10
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Hilarious Octavio! I almost did a spit take when I read your comment.I did laugh out loud.
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#11
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Rich hope your well
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