Am I hearing that Heritage's base seller commission is 20%? If so, then I need to revise the figures on this page ( https://www.emovieposter.com/learnmore/?page=consign#intro) since it assumes that Heritage and other BP auctions charge 15%.
Please confirm. I want to present a 100%accurate picture to potential consignors. Thanks. <http://www.avg.com/email-signature?utm_medium=email&utm_source=link&utm_campaign=sig-email&utm_content=webmail> Virus-free.www.avg.com <http://www.avg.com/email-signature?utm_medium=email&utm_source=link&utm_campaign=sig-email&utm_content=webmail> <#DAB4FAD8-2DD7-40BB-A1B8-4E2AA1F9FDF2> On Thu, Jun 8, 2023 at 4:43 PM Zach Pogemiller <zachpogemil...@gmail.com> wrote: > Heritage sells over 40 categories of collectibles, each with a distinct > market. As such, there isn’t a universal commission rate across all > departments. In posters, the standard commission rate is 25% for items that > sell for >$1000, and 20% for items that sell for $1000 and up. > Additionally, most categories, including posters, have a general $5000 > minimum consignment value. That doesn’t mean that a consignment of (100) > $50 items would make sense or be accepted, or that a single $1500 poster > would be rejected. Because unsolicited consignments are not taken or > encouraged, the idea is to contact Heritage regarding items that you'd like > to consign. > > On Thu, Jun 8, 2023 at 4:29 PM Scott Burns <sbu...@columbus.rr.com> wrote: > >> Thanks for the explanation Zach. >> >> >> >> I was clear on the BP situation—that’s easy to understand. I was just >> curious how much I might have to pay to Heritage should I ever consign >> posters for auction. The commission rate varies? How is that determined? >> >> >> >> Basically, Heritage gets paid via the Buyer’s Premium AND a commission >> charged to the seller based on hammer price. Yikes! To be honest, that >> double whammy makes me hesitant to ever consider consigning, especially >> anything not likely to get a substantial price (which probably describes >> most of my collection.) I’ll leave the auctions to the high rollers. 😊 >> >> >> >> Scott >> >> >> >> *From:* MoPo List <mopo-l@LISTSERV.AMERICAN.EDU> *On Behalf Of *Zach >> Pogemiller >> *Sent:* Thursday, June 8, 2023 4:02 PM >> *To:* MoPo-L@LISTSERV.AMERICAN.EDU >> *Subject:* Re: [MOPO] Heritage fees >> >> >> >> The fee structure at Heritage works the same way as it does at Prop >> Store, Sotheby’s, Christie’s, or any other auction house that charges a >> buyer’s premium. >> >> >> >> For a seller: >> >> >> >> Commission is assessed on the hammer price (winning bid amount). >> >> >> >> The seller nets the hammer price less commission. The seller’s commission >> is typically a percentage of hammer for each lot sold. If you have a 20% >> commission rate, you will net $800 from a winning bid of $1000. >> >> >> >> For a buyer: >> >> >> >> The buyer pays the hammer price + buyer’s premium. The buyer’s premium is >> calculated based on the hammer price. >> >> >> >> In Movie Posters, the buyer’s premium is 20% or a minimum buyer’s premium >> of $29. Other categories have different Buyer’s Premiums. For instance, in >> a Hollywood memorabilia auction, the buyer’s premium is 25% or a minimum >> buyer’s premium of $49. As a buyer, the auction platform calculates and >> shows you your final price before you place a bid. There’s no mystery as to >> the fee. You literally have to agree to a bid twice for it to register. If >> you won a lot for a bid of $1000, the sale price would be $1200 (winning >> bid + buyer’s premium). >> >> >> >> On Thu, Jun 8, 2023 at 1:44 PM Scott Burns <sbu...@columbus.rr.com> >> wrote: >> >> I was curious about HA’s fees, too. As I was watching their TV >> memorabilia auction this past, weekend I looked all over their website but >> didn’t find a clear answer on fees, other than the 25% BP. >> >> >> >> Am I correct to assume HA keeps the Buyer’s Premium of 25%, PLUS a cut of >> whatever the final bid price is? If I consign a poster and it sells for >> $200, the buyer pays $250 with the BP, then tax and shipping charges. As >> the consigner, what do I actually have in my pocket after the sale? >> >> >> >> Scott >> >> MoPo List Owner >> >> >> >> *From:* MoPo List <mopo-l@LISTSERV.AMERICAN.EDU> *On Behalf Of *peter >> contarino >> *Sent:* Wednesday, June 7, 2023 11:32 AM >> *To:* MoPo-L@LISTSERV.AMERICAN.EDU >> *Subject:* [MOPO] Heritage fees >> >> >> >> Can anyone provide me with a link to HA auction fees please? I have been >> looking at their site for 10 minutes and can't find anything. Everything >> else under the sun is easily available. >> >> >> >> Thanks, >> >> >> >> Peter >> >> >> ------------------------------ >> >> To unsubscribe from the MoPo-L list, click the following link: >> https://listserv.american.edu/scripts/wa-american.exe?SUBED1=MoPo-L&A=1 >> >> >> ------------------------------ >> >> To unsubscribe from the MoPo-L list, click the following link: >> https://listserv.american.edu/scripts/wa-american.exe?SUBED1=MoPo-L&A=1 >> >> >> ------------------------------ >> >> To unsubscribe from the MoPo-L list, click the following link: >> https://listserv.american.edu/scripts/wa-american.exe?SUBED1=MoPo-L&A=1 >> > > ------------------------------ > > To unsubscribe from the MoPo-L list, click the following link: > https://listserv.american.edu/scripts/wa-american.exe?SUBED1=MoPo-L&A=1 > -- Bruce Hershenson and the other 22 members of the eMoviePoster.com team P.O. Box 874 West Plains, MO 65775 Phone: 417-256-9616 (hours: Mon-Fri 9 to 5 except from 12 to 1 when we take lunch) our site <http://www.emovieposter.com/> our auctions <http://www.emovieposter.com/agallery/all.html> * Complete Buyer Protection <http://www.emovieposter.com/unused/20120625ad_emovieposter_no_buyer_beware_buyer_warranty.jpg> - *No time limit on our guarantees & *NO* buyer beware * Hershenson Help Hotline <http://www.emovieposter.com/images/announcements/20120906_mcw_ad_hershenson_help_hotline_forsite.jpg> - *Direct line to Bruce (our owner!) for urgent problems Also, please read the following three pages of in-depth* Customer Reviews *of our company * - Page 1 <http://www.emovieposter.com/images/announcements/buyerreviews_page1.jpg>, Page 2 <http://www.emovieposter.com/images/announcements/buyerreviews_page2.jpg>, Page 3 <http://www.emovieposter.com/images/announcements/buyerreviews_page3.jpg>*, which shows you in our customers' own words exactly what makes our company and our auctions so very different from all others! 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