I love it when the big guys slug it out in public! Most auction houses such as Soethby's and Christie's charge commissions of a similar nature to the buyer and seller. The advantage Heritage, Christie's and Soethby's have is in their marketing. Christie's and Soethyby's still charge an outrageous photo fee for their catalogue, which in most cases is negotiable; Heritage does not charge this sort of gauging fee. FRANC
-----Original Message----- From: MoPo List [mailto:[email protected]] On Behalf Of Bruce Hershenson Sent: Saturday, May 30, 2009 3:07 PM To: [email protected] Subject: Re: [MOPO] Attention dealers with large inventories: Why don't YOU consign to eMoviePoster.com? "we do not hit the consignor with all of the fees!" I like that. The buyer pays some of the fees and the seller pays some, so everybody pays less. Did you ever consider a career in politics? It sounds a lot like Obama's plan to "spread the wealth", except in this case you are "spreading the fees". Bruce On Sat, May 30, 2009 at 12:22 PM, Smith, Grey - 1367 <[email protected]> wrote: I feel compelled to chime in here as I too saw similar at Cinevent. On Heritage's site we charge a Buyer's Premium, which my competitors so kindly point out. But this is no secret and is not hidden in the slightest. What does make us different is that we split our fees between buyer and seller and consequently our consignors DO NOT take the brunt of the fees! And that being said, we will be beginning a sliding Seller's Fee in the next month which will allow the seller to pay a smaller fee on the higher priced items making it even a greater incentive to consign with us. The Seller's Fee will begin at 15% for the items that exceed the $1000 hammer price and will go up to only a mere 35% on the items that go below $10. That is a significant savings as to what you may be paying other internet dealers on their site, anyway you figure it! Why, because we do not hit the consignor with all of the fees! On May 30, 2009, at 9:39 AM, "Sean Linkenback" <[email protected]<mailto:[email protected]>> wrote: I am probably only half qualified to answer this, as I am a dealer who does not consign to Bruce, but I am not what you would call a dealer with a large inventory. Even still, I am going to go with the first option: Commission rate is too high. I remember awhile back, I ran some quick numbers stating that something like 50% of Bruce's auctions end for less than $40 an item, and maybe something like 30% ended at less than $10 (and Bruce then followed up with an MCW ad trumpeting those percentages and all the low prices his items got to prove there were a great many deals). This means that consignors are losing 40-60% of sales price on average. That's a pretty big chunk of money, especially as how you've bragged about all the eBay fees you are saving now, but you didn't lower your commission rates at all. The only other thing that comes to mind is that after seeing prices on a lot of dealers (stale) inventory at Cinevent, they are convinced that the prices you receive are much to low for them to consider selling something. They would rather not sell items at 2-3x your prices realized (even after having the items for years) then sell it and move some inventory. Maybe I was one of the few dealers who left that show happy, and if so I chalk it up to having a consistently fresh inventory with competitive prices so sales for me were quite brisk, and spending lots of money at the show to replenish inventory and have new things to offer clients. Sean ________________________________ From: MoPo List [mailto:[email protected]] On Behalf Of Bruce Hershenson Sent: Saturday, May 30, 2009 9:04 AM To: <mailto:[email protected]> [email protected]<mailto:[email protected]> Subject: [MOPO] Attention dealers with large inventories: Why don't YOU consign to eMoviePoster.com? Most of the dealers on MoPo consign to eMoviePoster.com already, and this is NOT addressed to those dealers. I am talking to those few of you who have large inventories and are watching eBay circle the drain, but you have not yet consigned to us, and I am wondering why that is. Is it because you think our commission rates are too high, our selling prices are too low, you can't handle the no reserves, it takes us too long to auction your items, you want to consign where your items will be over-graded and mysterious maxed bids will be placed, or what? I was talking to one leading dealer and he said "It is really just a matter of pride" and another said "I just lack the inertia to get that first package off to you". I can't tell you how many dealers have started off with a single package to us (with a mixture of good, bad, and in-between items) and now they send us lots and lots of items regularly, and in return get monthly checks from us in the thousands of dollars (there are also a few dealers who sent us one package of really undesirable difficult to sell junk, and they have never consigned again). I am NOT pleading for consignments! We auction 2,000 items a week, and we take in over 2,000 items per week in new consignments (which is why we will shortly be adding Sunday afternoon auctions), but I just thought hearing the reasons for why those few of you who don't consign have never done so might help me improve any shortcomings in my operation. You can post on MoPo or you can reply to me privately. Thanks for any input. Bruce Visit the MoPo Mailing List Web Site at <http://www.filmfan.com <http://www.filmfan.com/> > www.filmfan.com <http://www.filmfan.com/> <http://www.filmfan.com <http://www.filmfan.com/> > ___________________________________________________________________ How to UNSUBSCRIBE from the MoPo Mailing List Send a message addressed to: <mailto:[email protected]> [email protected]<mailto:[email protected]> In the BODY of your message type: SIGNOFF MOPO-L The author of this message is solely responsible for its content. Visit the MoPo Mailing List Web Site at <http://www.filmfan.com <http://www.filmfan.com/> > www.filmfan.com <http://www.filmfan.com/> <http://www.filmfan.com <http://www.filmfan.com/> > ___________________________________________________________________ How to UNSUBSCRIBE from the MoPo Mailing List Send a message addressed to: <mailto:[email protected]> [email protected]<mailto:[email protected]> In the BODY of your message type: SIGNOFF MOPO-L The author of this message is solely responsible for its content. Visit the MoPo Mailing List Web Site at www.filmfan.com <http://www.filmfan.com/> ___________________________________________________________________ How to UNSUBSCRIBE from the MoPo Mailing List Send a message addressed to: [email protected] In the BODY of your message type: SIGNOFF MOPO-L The author of this message is solely responsible for its content. Visit the MoPo Mailing List Web Site at www.filmfan.com ___________________________________________________________________ How to UNSUBSCRIBE from the MoPo Mailing List Send a message addressed to: [email protected] In the BODY of your message type: SIGNOFF MOPO-L The author of this message is solely responsible for its content. Visit the MoPo Mailing List Web Site at www.filmfan.com ___________________________________________________________________ How to UNSUBSCRIBE from the MoPo Mailing List Send a message addressed to: [email protected] In the BODY of your message type: SIGNOFF MOPO-L The author of this message is solely responsible for its content.
