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I guess that's it -- and some auction houses try to exploit that misconception. "We offer a 0% seller's fee, so it won't cost you anything to consign your cards!" What a bunch of hooey. The buyer's premium is a sales commission, pure and simple. Unless of course buyers don't consider the buyer's premium part of the sales price, which is absurd.
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Perhaps my opinion will be unpopular, but I do not see any obligation, moral or otherwise for Heritage to auction that card for free because it was consigned by some nuns to support their missionary work. Heritage is a for-profit auction house, not a charity. I would assume the principals and most who work at Heritage give to a variety of charities. Perhaps this nun's mission is not on the top of their list. I think they did very well by them and gave them a good consignment rate. They also got a lot of press for them (and visa versa). If the folks at Heritage wanted to do it for free and issue a press release about their generous deed, then that would be wonderful. But I do not think any less of them for not doing it.
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But, they should still donate their cut to the nuns. Doug |
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JimB |
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