Tom, you understand pretty well, it seems. As to Evan’s points, I stand by vitriolic. Evan, my point of not hidden meaning BP. The sellers fees have been effect with Heritage for over ten years as such. 20/25%. If an item hammers for more than $1000, 20% sellers fee. If an item hammers for $999 or less, the rate is 25%. Now, I know the reason I was reticent to publish those rates is, often they can be negotiable, depending on the value the consignor offers. I personally, rarely wavered on those rates.
On Sun, Jun 11, 2023 at 2:49 PM Thomas Rogers < 000001b7f7d95f59-dmarc-requ...@listserv.american.edu> wrote: > My two cents. I am not a dealer, merely a buyer, so ignore this if I am > way off base about anything. > > As a buyer, the fees do not bother me. The arithmetic is still the same. > If I want to bid on a $1000 item and there are no extra fees, then I enter > a bid of $1000. If there are BP and/or auction house fees (i.e 25%, or > 45%), then I adjust my bid accordingly and bid $750 or whatever. Shipping > is merely the cost I pay for buying remotely. The item cost to me is > unchanged and my bidding budget is unaffected. If someone wants it more, > they will outbid me regardless of any fees involved. > > As a seller, the math becomes more difficult. Bruce’s chart certainly > shows one way it can go but , as Todd pointed out, auction house fees are > often negotiable (although I suspect dealers like Todd would get > preferential treatment, and rightfully so IMHO given the sheer quality of > his pieces as they will attract more eyeballs to the auction as a whole). > All else being equal, the final money-in-your-pocket results will differ > between auction houses to be sure, based upon the fees charged and the > number of serious bidders attracted to the auction, but the differences can > be analyzed and quantified and don’t seem to be that large. Rich’s overall > point that certain houses consistently achieve higher overall prices also > mitigates the effects of these fee differences. > > Bottom line for sellers is that you are paying for all the promotion costs > and for all those eyeballs. They seem to go hand in hand with higher sales > results. > > Tom the admittedly Ill-informed > > > On Jun 11, 2023, at 7:52 AM, Alan Heimann <alanheim...@gmail.com> wrote: > > > > Think Grey’s comment is spot on…and if yr a veteran seller and Rich would > be a good example , who prob has (as the examples he cited )constantly > sought after titles..Star Wars ,Casablanca etc > in his inventory which I would assume he obtained years ago or at a low > price , one can safely assume if you consign those to heritage or Bruce ( > not much experience with propstore)yr going to make out well and very well > if the poster gets into a bidding war scenario … the sellers fees, though > obviously not small potatoes, are acceptable.. > On Sat, Jun 10, 2023 at 11:51 PM sales comic-art.com <sa...@comic-art.com> > wrote: > >> BOOM! >> >> Grey, I'm not surprised at the vitriol from some, as they have been >> trained for vitriol in this business for 2 decades with the sellers who >> comment or insinuate that all dealers other them themself are crooks, or >> that their fees are too high, or that no one packages well, or no one >> describes well, or no one grades well etc. >> >> this gets topped off with "60% of everything we sell goes for less than >> that other company's BP". >> >> no dealer should be pissing on other dealers to try to gain a competitive >> advantage and in any corporate arena they would be crushed with lawsuits >> and settlements >> >> at the same time, "60% of everything we sell goes for less than $29" (up >> from $15, and then $20) only cheapens the hobby in general, and it makes >> even cheaper buyers. >> >> Here's what I say about Heritage: >> >> when I can get the prices they get, which are in general - better than >> what can be achieved by myself, or in ANY other auction house in the USA - >> then I will stop sending them posters to sell for me. >> >> There's no chance that another US auction would have gotten $12,000.00 >> for a 1949 international style Casablanca one sheet, and the proof is the >> $106 that one auctioneer got for the same poster 3 weeks later. Considering >> I had it for sale for $2000, I don't care if HA took 1/3 of the result. >> >> HA under Grey's tenure also got me $1680 for a Pulp Fiction regular style >> one sheet, $600 for a 1989 Batman one sheet or a variety of other >> incredible results since I started consigning material to them. >> Recently they even got $10,000 for a Star Wars one sheet I sent in. >> >> When other sellers can match these results, I think they have a box to >> stand on and chirp. Until then, they're blowing farts in the wind >> >> Rich >> >> ------------------------------ >> *From:* MoPo List <mopo-l@LISTSERV.AMERICAN.EDU> on behalf of Grey Smith >> <greysm6...@gmail.com> >> *Sent:* Saturday, June 10, 2023 6:10 PM >> *To:* MoPo-L@LISTSERV.AMERICAN.EDU <MoPo-L@LISTSERV.AMERICAN.EDU> >> >> *Subject:* Re: [MOPO] Heritage fees >> >> 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 < >> brucehershen...@gmail.com> 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 <ddilts...@mchsi.com> 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" <mpexchangeu...@gmail.com> >> To: "MoPo-L" <MoPo-L@LISTSERV.AMERICAN.EDU> >> 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 <texasmu...@web.de> 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" <mpexchangeu...@gmail.com> >> > > An: MoPo-L@LISTSERV.AMERICAN.EDU >> > > 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_-7507359465421149929_m_1538554781969466763_x_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 >> >> >> ------------------------------ >> >> 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 > Visit the MoPo Mailing List Web Site at www.filmfan.com ___________________________________________________________________ How to UNSUBSCRIBE from the MoPo Mailing List Send a message addressed to: lists...@listserv.american.edu In the BODY of your message type: SIGNOFF MOPO-L The author of this message is solely responsible for its content.
