Memory lane auction results last night

[oldjudge]

Hats off to ML for a great auction. A 120 lot auction that raises over $4 million is pretty incredible. I call it the Joe T effect. No one does more to increase auction realizations than Joe. He is worth his weight in gold.
That said, I agree that paying that much for the Henderson rookie 10 or some of the other pop unicorns is ridiculous, especially considering the fact that there are still plenty of unopened boxes left.

[Topnotchsy]

Originally Posted by oldjudge

Hats off to ML for a great auction. A 120 lot auction that raises over $4 million is pretty incredible. I call it the Joe T effect. No one does more to increase auction realizations than Joe. He is worth his weight in gold.
That said, I agree that paying that much for the Henderson rookie 10 or some of the other pop unicorns is ridiculous, especially considering the fact that there are still plenty of unopened boxes left.

Who is Joe T?

[oldjudge]

Originally Posted by Topnotchsy

Who is Joe T?

Joe T is a hobby veteran who works at Memory Lane. He is one of the most knowledgeable and nicest people in the hobby.

[darwinbulldog]

Does anybody here know how long it takes to receive payouts from consignments to Memory Lane? I emailed them about it 19 days after the auction ended, but they just replied "Please note that we do give our buyers 2 weeks to make payment and a lot of payments get sent to us at the end of that two weeks." No update since then. Are they known to be lax about their payment deadlines?

[Rhotchkiss]

I have consigned to a number of AHs. In my experience, memory lane is middle of road as far as paying out on consignments, which to me is 30-45 days. I don't think I have ever been paid, by any auction house, in 20 days or less.

[darwinbulldog]

Originally Posted by Rhotchkiss

I have consigned to a number of AHs. In my experience, memory lane is middle of road as far as paying out on consignments, which to me is 30-45 days. I don't think I have ever been paid, by any auction house, in 20 days or less.

Good to know. Thank you.

[raulus]

And just like that, one of the pieces sold at this ML auction turned up on eBay today, with only a 50% markup.

https://www.ebay.com/itm/386772549951

I guess it's better than the 100-200% markup I keep hearing about with other eBay listings.