Frankly, I’m surprised at the vitriolic discussion here. I believe Heritage has carried on very well for all the years I was there and continues with no question about their practices. Yes, there is a seller's fee and a buyer's premium. These aren’t hidden, nor is the buyer in any way surprised, as that is spelled out. What’s more, you will pay for shipping. As for the consignor, one may ask why they would do that, as the fees add up so as to seem unreasonable. In an auction, one in which there are a number of bidders and many cross-over bidders from other venues, you can get outstanding results that are far and away better than one can sell privately for. It is absolutely the best way to sell collectibles!
I suggest a personal email to Zach, and he can answer any questions. If not, I suggest I am very conversant with their rates and could help as well. Thanks Grey On Sat, Jun 10, 2023 at 6:02 PM Bruce Hershenson <[email protected]> wrote: > Dale > > (With apologies to Alfred Hitchcock's The 39 Steps) don't you mean like > *THIS*? > > *eMoviePoster.com Commission Rates* > > We have carefully figured out how much time and effort goes into selling > an item online, from start to finish. It takes the exact same amount of > work to sell a $10 one-sheet as a $1000 one-sheet. The cost to us of the > labor and overhead required to sell each item is an absolute minimum of > $12.50 each. The vast majority of buyers pay with credit cards or PayPal, > which costs us roughly three percent of the total. Taking everything into > consideration, we have arrived at the below commission rates. > > If an item sells for: We receive this amount: > $20,000+ 10% of the selling price > $15,000 to $19,999 12% of the selling price > $10,000 to 14,999 14% of the selling price > $7,500 to $9,999 16% of the selling price > $5,000 to $7,499 18% of the selling price > $1,200 to $4,999 20% of the selling price > $600 to $1,199 22% of the selling price > $400 to $599 24% of the selling price > $250 to $399 26% of the selling price > $100 to $249 28% of the selling price > $70 to $99 30% of the selling price > $50 to $69 35% of the selling price > $35 to $49 40% of the selling price > $25 to $34 50% of the selling price > $13 to $24 66% of the selling price > $1 to $12 75% of the selling price > *The rates are for what is sold in each individual auction, not for your > consignment as a whole. And note that we don't want ANY sub-$30 > consignments, which is why we have set those rates so high, but they are > still quite a bit lower than auctions with "$29 minimum buyers premiums". > > *IMPORTANT NOTE ABOUT OUR RATES:* *If you compare the above rates to > those of other major auction companies, it may appear that we charge MORE > than they do. BUT ACTUALLY, WE CHARGE LESS THAN THEY DO AT EVERY SINGLE > PRICE LEVEL* (see the link below for a chart that proves this beyond a > shadow of a doubt)! How is this true? Because they charge "buyers premiums" > to every buyer (usually 20% or so), which means that a buyer of a "$1,000" > poster pays $200 more, or $1,200 in all. The seller (you) then receives > $1,000 less their commission (usually 15% to 25%), which means that you > receive between $750 and $850 on that poster that the buyer paid $1,200 > for. > *But IN OUR AUCTIONS, when your poster auctions for $1,200, there is no > buyers premium, and you receive $1,200 less 20%, which is $960, > substantially more than the $750 to $850 you receive from any other major > auction!* > *https://www.emovieposter.com/learnmore/?page=consign#intro > <https://www.emovieposter.com/learnmore/?page=consign#intro>* > > Bruce > > On Sat, Jun 10, 2023 at 5:17 PM Dale Dilts <[email protected]> wrote: > >> This is ridiculous, is it really that hard to layout out a net return >> chart for potential customers. >> >> Your items sells for 750 - 999.000 with buyers premium, you the buyer get >> .75 - .99 for that consigned item. >> >> >> ----- Original Message ----- >> From: "peter contarino" <[email protected]> >> To: "MoPo-L" <[email protected]> >> Sent: Saturday, June 10, 2023 3:34:52 PM >> Subject: Re: [MOPO] Heritage fees >> >> Hi Helmut, >> >> Well I did get a perfunctory email, albeit no mention of how the BP >> affects >> the final seller's net: >> . >> >> Hi Peter, >> >> >> >> I believe your question was already answered. >> >> >> >> Consignment rates vary depending on category and auction format. Heritage >> sells over 40 categories of collectibles, all with very different markets. >> >> >> >> As with every other auction venue, the seller’s fee (expressed as a >> percentage of hammer) is deducted from the hammer price (winning bid >> amount) realized by a lot. The seller’s fee is agreed to and memorialized >> in a consignment contract. >> >> >> >> If the seller’s fee was 25% of hammer for a lot that sells for $1000 or >> less, the seller would net $37.50. >> >> >> >> I’ve shown you where to locate buyer’s premium information for each >> auction. Any bid you place on the website will tell you what the resultant >> purchase price would be if you were to win the auction at that bid amount. >> >> >> >> >> >> Zach Pogemiller >> >> On Sat, Jun 10, 2023 at 11:49 AM <[email protected]> wrote: >> >> > Peter, >> > >> > I hope you did not expect Heritage to answer your question? Since Grey >> has >> > gone, Heritage is exclusively abusing MoPo for their auction spamming. >> > >> > Generally speaking, all auction houses charge from both ends: If a lot >> > sells for $200, they add a buyer‘s premium of 20-35% and they charge a >> > commission to seller as well, which is usually another 20-25%. If you >> are >> > lucky, that leaves $150 to $160 in your pocket. But that‘s before the >> > Paypal fees of course, or the (usually pretty brutal) wire transfer >> fee. In >> > the pre-digital days Christies and Sothebys would also charge a hefty >> extra >> > fee for showing an image of your lot in their catalog. >> > >> > Helmut >> > >> > >> > > Gesendet: Mittwoch, den 07.06.2023 um 17:31 Uhr >> > > Von: "peter contarino" <[email protected]> >> > > An: [email protected] >> > > Betreff: [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 >> > > >> > -- > > > > <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> > <#m_9142992564881074805_DAB4FAD8-2DD7-40BB-A1B8-4E2AA1F9FDF2> > > ------------------------------ > > To unsubscribe from the MoPo-L list, click the following link: > https://listserv.american.edu/scripts/wa-american.exe?SUBED1=MoPo-L&A=1 > 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.
