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  #1  
Old 03-26-2025, 05:49 PM
Johnny630 Johnny630 is offline
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Originally Posted by BobbyStrawberry View Post
Soon all the cards will be in vaults and there will be additional fees to get them out.
We maybe the last group of guys who want to actually possess their cards !
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  #2  
Old 03-26-2025, 06:16 PM
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Brunk Auctions, which advertised here not long ago for an auction ending this week, appears to be 28 percent. Bid accordingly, I guess.
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  #3  
Old 03-26-2025, 06:40 PM
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Originally Posted by Peter_Spaeth View Post
Brunk Auctions, which advertised here not long ago for an auction ending this week, appears to be 28 percent. Bid accordingly, I guess.
Was buyer's premium a thing in the pre-internet days? Or was it a lower percentage?
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  #4  
Old 03-26-2025, 06:57 PM
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Sterling has no catalog and charges 20.5%--how do they justify that?
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  #5  
Old 03-26-2025, 07:04 PM
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Sterling has no catalog and charges 20.5%--how do they justify that?
If people are willing to consign, why do they have to "justify" it?
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  #6  
Old 03-26-2025, 07:07 PM
raulus raulus is offline
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Sterling has no catalog and charges 20.5%--how do they justify that?
Supply and demand.
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  #7  
Old 03-26-2025, 07:31 PM
ncinin ncinin is offline
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Sterling charges 20.5% BP if paying via Paypal, that most auction houses do not accept.

If you pay via check, etc the BP is 17%.
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  #8  
Old 03-26-2025, 08:20 PM
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Sterling has no catalog and charges 20.5%--how do they justify that?





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Originally Posted by ncinin View Post
Sterling charges 20.5% BP if paying via Paypal, that most auction houses do not accept.

If you pay via check, etc the BP is 17%.

They also ship immediately if you pay with PayPal or are a regular customer. I’ve won auctions on Thursday night and received my winnings on Monday with Sterling. Don’t get me wrong, I love my half ton of catalogs I have around the house, but if the options were immediate shipping or catalog I’m taking the shipping.
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  #9  
Old 03-27-2025, 01:28 AM
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Originally Posted by BobbyStrawberry View Post
Was buyer's premium a thing in the pre-internet days? Or was it a lower percentage?
I seem to remember Lew Lipset in one of his The Old Judge newsletters bemoaning the trend of auction houses switching from a system of charging only the consigner a premium to also charging a buyer's premium, something that was only common in the art world(?...might be remembering this part incorrectly). His newsletters were issued from the mid-1980's to early 1990's, so I think that this indicates that our hobby's auction houses started to make the shift during this time frame.

Brian
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  #10  
Old 03-27-2025, 11:25 AM
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Originally Posted by brianp-beme View Post
I seem to remember Lew Lipset in one of his The Old Judge newsletters bemoaning the trend of auction houses switching from a system of charging only the consigner a premium to also charging a buyer's premium, something that was only common in the art world(?...might be remembering this part incorrectly). His newsletters were issued from the mid-1980's to early 1990's, so I think that this indicates that our hobby's auction houses started to make the shift during this time frame.

Brian
Thanks for the info, Brian
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  #11  
Old 03-27-2025, 08:32 AM
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Originally Posted by Peter_Spaeth View Post
Brunk Auctions, which advertised here not long ago for an auction ending this week, appears to be 28 percent. Bid accordingly, I guess.

It's 23% if you bid through their site and pay by wire transfer or check.
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  #12  
Old 03-27-2025, 11:13 AM
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It's 23% if you bid through their site and pay by wire transfer or check.
Oh, well that makes it very reasonable. Who is Brunk?
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  #13  
Old 03-27-2025, 11:26 AM
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Oh, well that makes it very reasonable. Who is Brunk?
Brunk just had a live auction of a pretty solid group of T205s and T206s from a collection. They're not primarily sports, it appears.

https://brunkauctions.com/
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Last edited by Peter_Spaeth; 03-27-2025 at 11:27 AM.
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  #14  
Old 03-27-2025, 12:18 PM
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Oh, well that makes it very reasonable. Who is Brunk?
They're generalists, like Heritage or Weiss. Andrew Brunk is an appraiser on Antiques Roadshow.
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  #15  
Old 03-27-2025, 03:23 PM
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Hello,

I would like to clarify that Sterling charges 17% if you pay by check or money order and 20.5% if you pay by Paypal.

We also do not have to charge any sales tax on an invoice except for MN which is My home state.

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  #16  
Old 03-27-2025, 03:44 PM
Apple_Robert Apple_Robert is offline
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Originally Posted by Sterling Sports Auctions View Post
Hello,

I would like to clarify that Sterling charges 17% if you pay by check or money order and 20.5% if you pay by Paypal.

We also do not have to charge any sales tax on an invoice except for MN which is My home state.

Lee Behrens
320-219-1372
Do you offer the ability to pay with an electronic check, Lee, or just a paper check?
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  #17  
Old 03-27-2025, 10:05 AM
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Originally Posted by Johnny630 View Post
We maybe the last group of guys who want to actually possess their cards !
I don't understand the vault concept. My thought is that if you are a "collector" or "hobbyist", then you're going to want to hold the card and possess it.

How many people on this board go with the vault collecting practice, and why?
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  #18  
Old 03-27-2025, 10:07 AM
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I don't understand the vault concept. My thought is that if you are a "collector" or "hobbyist", then you're going to want to hold the card and possess it.

How many people on this board go with the vault collecting practice, and why?
I've never used a vault for a card I purchased, but I would guess avoiding sales tax on a large purchase is the main reason people would use one.
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  #19  
Old 03-27-2025, 10:31 AM
raulus raulus is offline
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I've never used a vault for a card I purchased, but I would guess avoiding sales tax on a large purchase is the main reason people would use one.
I think there are some people who also use it to accelerate the selling process for something that they expect to want to sell in the near future. Send it to the vault, and then quickly flip it. I *think* that some vaults even give you a break on selling fees.

Some people also just keep some of their more valuable cards at a safety deposit box. I'm not convinced that a vault is really all that different.

I think if I were going to be away for a while, I might also consider a vault. Like if I was heading out on sabbatical or for a military or work assignment for a few years, or moving to a foreign country to try living there, then rather than stick my cards in storage or bring them with me, I might think about a vault.
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  #20  
Old 03-27-2025, 11:08 AM
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Huh? With cards at a local bank, you can head right over and access them. How is that not different? The ten minute drive to my bank is just a bit more convenient than going to Delaware or California.
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Four phrases I have coined that sum up today's hobby:
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Stuff trumps all.
The flip is the commoodity.
Animal Farm grading.
Last edited by Peter_Spaeth; 03-27-2025 at 11:11 AM.
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  #21  
Old 03-27-2025, 11:23 AM
raulus raulus is offline
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Huh? With cards at a local bank, you can head right over and access them. How is that not different? The ten minute drive to my bank is just a bit more convenient than going to Delaware or California.
Yep, it’s close, and yet so far away. If I had to guess, people who have their cards in a bank safety deposit box probably don’t bother to look at them very often. But maybe you’re the exception!
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Last edited by raulus; 03-27-2025 at 11:24 AM.
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  #22  
Old 03-27-2025, 11:29 AM
Apple_Robert Apple_Robert is offline
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I've never used a vault for a card I purchased, but I would guess avoiding sales tax on a large purchase is the main reason people would use one.
I agree with your hypothesis. I wonder how many people actually read the ToS for the eBay vault service before sending the card off just to save some tax. I read it and quickly decided I will take personal charge of my cards.
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  #23  
Old 03-27-2025, 11:50 AM
jayshum jayshum is offline
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I agree with your hypothesis. I wonder how many people actually read the ToS for the eBay vault service before sending the card off just to save some tax. I read it and quickly decided I will take personal charge of my cards.
What turned you off?
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  #24  
Old 03-27-2025, 03:35 PM
Apple_Robert Apple_Robert is offline
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What turned you off?
For one thing, third parties are involved in the storage of cards.

"1. Items Accepted for Submission; Non-Conforming Orders; Restricted Users.

a. The PSA Vault Services include storage services at storage facilities operated by PSA or one or more third-party providers (each a “Facility”) for storage of permitted items only, as determined in PSA’s sole discretion. "

https://www.psacard.com/vaulttermsandconditions

Take a look at section 4b. That was another biggie for me.
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