As far as Heritage is concerned, we have never shown an item to have sold on 
our site, which did not sell in the auction to a real bidder. The items that do 
not sell go into our "Post-Auction Buys"  in which any buyer can purchase the 
item for the reserve plus the buyer's premium. That is no secret.
Whenever an item has been returned from an auction it is always shown as "not 
sold" in the Heritage archives. These are easily seen.  If you go into the 
archive and type in a title in the search field and a page with those items 
under that title which have sold, comes up, there is a listing at the top of 
that page which says "Results Include." Below that will be these links;

*         Appraise Collectibles and All Art

*         Archive Status

*         Search Text

If you will click on the "remove" link next to the spot that says " Archive 
Status : Sold (remove), this will pull up all of the items that did not sell 
under that title. So if one is curious whether any items have sold or not, that 
is the way to determine whether it did or did not.  We do not report items sold 
that did not sell. Why would we when we would like to offer them again to 
another buyer?  If an item is purchased in auction and is returned it goes into 
the "unsold" category in the archive as soon as returned and if done within the 
time of two weeks after the Signature auction, will go back into the 
"Post-Auction Buys" as previously mentioned and made available to another buyer.

Yes, the figure of 50,000 bidders in posters is a matter of faith as are any 
dealers figures as to how many bidders participate in their auctions, naturally!




From: MoPo List [mailto:[email protected]] On Behalf Of Bruce 
Hershenson
Sent: Sunday, March 08, 2009 10:31 PM
To: [email protected]
Subject: Re: [MOPO] Ebay verses other auctions like Herritage, etc...

Here's the problem I have with that logic. Where did the "of which some 50,000 
have bid on posters over the last 10 years" statistic come from?

Where do any of the high reported prices come from?

On both of these, we have to take these stats as a matter of faith, for we 
never see who these "50,000 bidders" are, and in fact we never see who ANY of 
these bidders are, since they all have hidden IDs.

On the other hand, we DO see as a proven fact that many, many of the items that 
are REPORTED to have "sold" for high amounts quickly return to the auction 
block and often "sell" for LESS the next time, and sometimes they quickly come 
back for a third round.

So each person needs to weigh all the above together and draw their own 
conclusions.

Bruce
On Sun, Mar 8, 2009 at 5:13 PM, Richard Halegua Comic Art 
<[email protected]<mailto:[email protected]>> wrote:
I have almost 1500 members at MoviePosterBid
Bruce has about 5000 members

Heritage has over 2 million people throughout the entire list of bidders, of 
which some 50,000 have bid on posters over the last 10 years

I think that speaks for itself

then add in that their bidders are some of the wealthiest people in the world 
and who do not buy anywhere else...

well, that's your answer




At 01:07 PM 3/8/2009, Mike Laskowsky wrote:

Just curious of your views on Ebay auctions verses big auction houses like 
Herritage and many others.

It just surprises me that I see such great vintage movie posters and lobbies on 
Ebay by well known sellers with highly collected titles in great condition and 
priced fairly, yet no buyers. Yet Herritage always seems to pull in winning 
bidders who bid more than you can buy it Ebay and plus a 20% buyers premium. I 
have also won items from Herritage, but most times find their grading to be a 
bit off. I have bought posters that were graded Fine+ and when received, I 
would not even had given it a grade of Fine. Most Ebay sellers will accept 
returns where Herritage will not.

What are your views on these auctions?
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