help with consigning

[autograf]

Almost all the auction houses will give an advance for top shelf stuff. If you have a VG T206 Cobb, don't expect an advance. If you have a large batch of good quality, in demand items, shop around and see what people will offer. Legendary and REA offered nice advances on item's I've sold with them including a T206 near set. Just ensure that you put it down on paper and minimize your costs and maximize what the amount returned to you will be. If you go with the larger auction houses, be prepared to have your items placed into the larger type lots. They are looking to maximize the per lot averages in their auctions and minimize the number of pages printed in catalogs. The more boutique-type auctions like B&L will lot things in smaller lots which could net you more. Be sure to get any of those type items explained and agreed to up front.

[Mrc32]

Originally Posted by autograf

If you go with the larger auction houses, be prepared to have your items placed into the larger type lots. They are looking to maximize the per lot averages in their auctions and minimize the number of pages printed in catalogs.

So how does that work exactly? If you have a t206 Cobb and it gets lumped into a lot with other type cards and gets a final bid of $1500-- how is it determined what the value of your one card was as a % of the total hammer price?

[sycks22]

Does anyone know who gives the highest cash advance? I have some items that will bring in a couple grand, but nothing over $10k.

[sports-rings]

Do the cash advances wind up costing you in the end? Meaning is an auction house less inclined to offer a zero or low consignment rate if you request money upfront?

[barrysloate]

Pete- no auction house has a policy of giving the highest cash advances. If they want your consignment they will agree to give you an advance. How much it may be is based on you negotiating with them. If you have a T206 Wagner you call all the shots. If you have more run of the mill items then you will have to be flexible. As Tom B. said the better quality and higher value your consignment, the more leverage you have. If you have more common material that auction houses get regularly, then you will not have as strong a position. It's business.

[sycks22]

Thanks for all the info everyone

[pclpads]

I've never dealt with either, but I've always read favorable comments on PWCC and Probstein. Dunno about their specific auction policies, like advances.