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  #1  
Old 07-12-2022, 05:30 PM
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uyu906 uyu906 is offline
Rich
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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  
Old 07-12-2022, 05:44 PM
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Ben North
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Quote:
Originally Posted by uyu906 View Post
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!
Best of luck with your item.

Last edited by bnorth; 07-12-2022 at 06:25 PM.
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  #3  
Old 07-12-2022, 10:09 PM
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Jeffrey Kuhr
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Best of luck with your item.
+1 agree glad the forum could help and good luck with the auction
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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  
Old 07-13-2022, 06:19 AM
parkplace33 parkplace33 is offline
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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  
Old 07-13-2022, 08:01 AM
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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  
Old 07-13-2022, 08:06 AM
Zach Wheat Zach Wheat is offline
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Quote:
Originally Posted by uyu906 View Post
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!
Sounds like you made a solid decision. Let us know how it comes out and what the payout times actually were.
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  #7  
Old 07-13-2022, 09:13 AM
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octavio ranzola
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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  
Old 07-13-2022, 04:57 PM
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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  
Old 07-13-2022, 08:00 PM
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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  
Old 07-13-2022, 08:08 PM
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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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i once got in advance from a guy named vito..in queens ny .it didnt work out for me ...
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  #11  
Old 07-14-2022, 06:37 AM
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octavio ranzola
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Hilarious Octavio! I almost did a spit take when I read your comment.I did laugh out loud.
Rich hope your well
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