Honus- Second to NUN

[oldjudge]

The card shop business must be good.

[M's_Fan]

I can only say that for some, the auction shop business is VERY good ($42k commission to Heritage).

[autograf]

It appears his card shop business is better than his judgement......though I guess 85% of a Wagner is better than my 0%...........

[doug.goodman]

Heritage should give their commission to the nuns.

Doug

[kylebicking]

I'm with Doug. I was shocked that Heritage took a commission on that item. They got more than enough with the premium and the free PR.

-Kyle

[autograf]

Thought the same thing.....plus a lot of free pub.....

[M's_Fan]

In the age of the internet and information there is no reason why a seller should have a $42k cut out of that sale. I wonder if someone tried to auction off a Wag on Net54 what it would go for. Seems like there could be a way for people with high-dollar cards to sell without forking over the price of a Mercedes Benz just for someone to post it on their website. Especially when the publicity alone from that card increases web traffic and bids on other lots by a ton.

Do all auction houses take a full commission on Wagner and other high profile cards? I seem to remember some giving substantial discounts for the publicity.

[thekingofclout]

Originally Posted by oldjudge

The card shop business must be good.

My thoughts exactly!

[GaryPassamonte]

In all fairness, the $42,900 was a buyer's premium and not a seller's fee. Still a nice day's work.

[ebrehm]

Actually the buyer's premium is part of the sales commission. It is a portion of the total sales price (hammer + BP) that is retained by the seller.

[Leon]

Originally Posted by ebrehm

Actually the buyer's premium is part of the sales commission. It is a portion of the total sales price (hammer + BP) that is retained by the seller.

If you are speaking of the venue that is selling the card as "retained by the seller" then that is correct. Most times the BP is retained by the person or company that is doing the actual selling, not the consignor. Not sure if that is what you meant. regards

[ebrehm]

Yes, that is what I meant. The total sales commission retained by an auction house is the seller's fee (if any) plus the buyer's premium. Both are calculated as a percentage of the hammer price. The buyer pays the hammer price plus the buyer's premium. The seller keeps the buyer's premium and the seller's fee (if any). The consignor receives the hammer price less the seller's fee (if any).

In some cases -- usually on high value high visibility items -- the house will not only charge a zero seller's fee, but also offer to share a portion of the buyer's premium with the consignor -- this is sometimes referred to as a "negative" seller's fee.

[GaryPassamonte]

In this case the full hammer price of $220000. was received by the consigner. It appears there was no direct seller's fee. The $42900. was the BP which went to Heritage. Total-$262900.