what a break it is too.. Sotheby's and Christies
are both thieves in this area charging up to $300 or more for each photo
it's outrageous
Rich
Rich,
As you know, everything is negotiable when dealing with auction houses.
I've dealt with Christies and Sothebys many
times and even as recently as late last year
with Christies in New York and I've never paid any photography fees whatsoever.
Todd
----------
Date: Sat, 1 Aug 2009 15:48:17 -0700
From: [email protected]
Subject: Re: [MOPO] AN OPEN LETTER TO CONSIGNEES
To: [email protected]
what a break it is too.. Sotheby's and Christies
are both thieves in this area charging up to $300 or more for each photo
it's outrageous
Rich
At 03:34 PM 8/1/2009, Smith, Grey - 1367 wrote:
By the way, JR, just to clarify as I feel needs
to be done, contrary to popular belief and some
disinformation by others, in that we charge
fees for photography (of which all items in
Signature auctions are photographed and in the
catalog and online) and insurance, etc., is
false! This is completely wrong as we charge
nothing to the consignor in our Signature
auctions other than a flat 15% of the hammer price. There are NO other fees.
Thanks
From: MoPo List [
mailto:[email protected]] On Behalf Of James Richard
Sent: Saturday, August 01, 2009 4:45 PM
To: [email protected]
Subject: Re: [MOPO] AN OPEN LETTER TO CONSIGNEES
Michael,
Just for the heck of it, why not put some good
pictures of it up on a website, tell us what it
is and give a detailed condition description and
see if any MOPO members are interested in buying it? Costs you nothing.
There are precious little guarantees in life. If
you have 5 decent posters to sell, you should be
able to meet Heritage's $5,000 minimum -- which
is based on their *estimate* of what the posters
may bring. If the poster is truly is worth
$3,000 or more, then you should have no trouble.
You might find Heritage's estimate on that one
poster alone would get you close to $5,000. And
at least you'd know what their experts estimate its worth to be.
But I have a question: Does it cost a seller
anything to list with Heritage? In other words,
if the poster Heritage auctions for them doesn't
meet the reserve and does not sell, do they still owe Heritage some money?
Bruce's 99 cent auctions were a stroke of
marketing genius in the early Ebay days, but now
he's kind of boxed in by it. Since he is now
running his own auction site and no longer has
to pay insertion fees based on the minimum
asking price or final valuation fees, there is
no reason why he couldn't continue to run most
of his auctions as his signature 99-cent
starting bid events and then have one "Premium"
event every couple of months which would have,
if not higher minimum starting bids, at least
show displayed reserve prices which the poster
must meet in order to sell. This could benefit
Bruce's operations and sellers. Often it will
happen that a reserve item is bid up to within
90% of the reserve but doesn't quite make it.
When that happens it is not unusual for the
seller to decide "what the heck" and contact the
high bidder and sell it for that price.
I am sure that over the years there have been a
lot of people with very fine posters who wanted
to consign to Bruce, but are scared off by that
99-cent with no reserve policy (much as we bidders love it).
Bruce could ponder this on his vacation, since
he won't have anything else to do (heh...:)
-- JR
Michael B wrote:
for the record................i recognize that
Heritage's Signature auctions--especially the
live/audience--section--can only include
"better" pieces. i have said on MOPO that
should or when i ever sell my entire collection,
i want all my 1000+++ posters to go to
Heritage's Live Signature Auction. All
collectors would love their top pieces in a Live
Signature Auction: the net prices to the
consignors typically are the highest. heritage
has surpassed chrities and sotherbys.
heritage's $5000 minimum as a matter of policy is their decision.
BUT, BUT, BUT............my original posting
sought opinions on how to best market a sungle
poster valued at bwtween 1500 to 3000, and of
course, contributors add new angles to the discussions.
michael
-----Original Message-----
From: Smith, Grey - 1367 <mailto:[email protected]><[email protected]>
To: <mailto:[email protected]>[email protected]
Sent: Sat, Aug 1, 2009 12:19 pm
Subject: Re: [MOPO] AN OPEN LETTER TO CONSIGNEES
Hello Michael, Todd and Mopo
Yes, it is true we hope to have at least a $5000
minimum value consignment from
any one consignor. And since we feel there is
significant price information from
our site which can help us and the consignor in
that evaluation, we believe
it is more often than not
a fair accessment, though always willing to discuss.
We offer two very successful venues in which to sell material and do getter
better prices on much of the material we sell.
So if a consignor has three $500
items and thirty $30-50 items we will do
business and will seldom turn away an
opportunity to sell quality items.
We are always open to good consignments and try to be very fair in our
accessments.
Michael did have some nice items and a few that would normally be run in our
weekly venue. From my understanding, he wanted
all in a catalog auction and thus
we were unable to work with him in this
instance. I feel sure we should be able
to do business in the future.
I will often take a chance on rare items in the
hopes they will exceed the $5000
mark with no priors to compare. Sometimes they
work out very well. Sometimes not
as well as hoped, but we will always welcome inquiries as how we can help a
potential consignor and if value warrented will travel to you to discuss!
I
On Aug 12009, at 4:14 AM, "Todd Feiertag"
<<mailto:[email protected]>[email protected]
< mailto:[email protected]>>
wrote
I don't know if that applies to just their sports department, but it doesn't
make sense.
For instance, if someone has 5 real nice $500.
items, they would turn it down??
Todd
________________________________
Date: Sat, 1 Aug 2009 08:51:49 +0000
Fro
m: < mailto:[email protected]>
<mailto:[email protected]>[email protected]
< mailto:[email protected]>
Subject: Re: [MOPO] AN OPEN LETTER TO CONSIGNEES
To: < mailto:[email protected]>
<mailto:[email protected]>[email protected]
< mailto:[email protected]>
I was talking to heritage about auctioning some
sports items about a month ago.
That department said thier new requirments are a minimum of $5000 total and a
minimum of $500 min per lot est. value.
I think that is going to slow the flow if that new policy applies to movie
posters as well. That would have to help
emovieposter.com< http://emovieposter.com>
and MPB
Brek
----- Original Message -----
From: "Todd Feiertag"
<<mailto:[email protected]>[email protected]
< mailto:[email protected]>>
To: < mailto:[email protected]>
<mailto:[email protected]>[email protected]
< mailto:[email protected]>
Sent: Saturday, August 1, 2009 2:11:14 AM GMT -07:00 US/Canada Mountain
Subject: Re: [MOPO] AN OPEN LETTER TO CONSIGNEES
2. heritage, although they do allow consignors to set reserves with20their
approval, only accepts consignments of posters totalling about 5,000.
Michael,
I think you have an extra zero on your figure.
Todd
________________________________
Date: Fri, 31 Jul 2009 19:10:34 -0400
From:
<<mailto:[email protected]?>mailto:[email protected]
> <mailto:[email protected]>[email protected]
<<mailto:[email protected]?>mailto:[email protected] >
Subject: [MOPO] AN OPEN LETTER TO CONSIGNEES
To: < mailto:[email protected]>
<mailto:[email protected]>[email protected]
< mailto:[email protected]>
yesterday, someone asked about the value of his 1931 one-sheet poster that he
might consider selling. it was a rare poster, and the only known sale was by
emovieposter (bruce) over 15 years ago for about 600.
this seller wants to sell it and get 3,000 net.
1. ebay is totally wrong for such a quality piece.
2. heritage, although they do allow consignors to set reserves with their
approval, only accepts consignments of posters totalling about 5,000.
3. bruce would clearly sell it, but he starts
his auctions at a dollar. this
is risky for the seller. Surely, if the value
of the poster is just a couple of
hundred, so be it!!!! bruce did his job in
getting the fair value. But, that
wouldn't please the consignor.
i h
ave about 6 top posters that i want to sell. one, for example, is ALL ABOUT
EVE insert. bruce sales of it are as
follows: $1,650 in 2008, $733 in 2005 and
$1,976 in 2002.
Is there a way for me to guarantee $1, 400 in my
pocket or have it returned to
me? is there a way for that 1931 poster to
achieve 3,000 net for that owner or
get it returned to him?
thoughts?
michael
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