Oldgas.com Home  

Click here for Petro Porcelain Sign auction listings


Home | Help | Events | Auctions | Parts | Pictures | Links | Contact
Previous Thread
Next Thread
Print Thread
Page 3 of 3 1 2 3
Re: Selling off a collection.
#22007 Wed Apr 30 2008 11:35 AM
Joined: Nov 2007
Posts: 56
R
Active Member
Offline
Active Member
R
Joined: Nov 2007
Posts: 56
I recall reading not to long ago in Antique Week that legally a buyer premium belongs to the seller, and that most auction houses are in error when they collect and keep a buyer premium.

Please use For Sale forums to sell

Please - NO offers to Buy or Sell in this forum category

Statements such as, "I'm thinking about selling this." are considered an offer to sell.
Re: Selling off a collection.
#22008 Wed Apr 30 2008 12:09 PM
Joined: Oct 2006
Posts: 65
C
Active Member
Offline
Active Member
C
Joined: Oct 2006
Posts: 65
rick it would be better if it worked that way.

the only sense to a buyers premium is... sometimes but hardly ever does it ever lower the sellers cost but rather as our experience notes, in most cases it just simply ups the auction houses overall profits.

seth, the auction outfits that have added said buyers premium around here... have not and we stress, have not lowered their 20-30% seller rates one little bit to anyone! plus go figure... all auctions attended with same, get that much or more of a lesser bid from us because of this whatever given buyer premium increase on top of our bid. not to overlook... many auctions are passed by because of this action!

in addition when all is figured in, said and done... one cannot sell large amounts for less than 20%, so cant understand their apprension and or fear!

[This message has been edited by cdncon (edited 04-30-2008).]

Re: Selling off a collection.
#22009 Wed Apr 30 2008 03:06 PM
Joined: Dec 2000
Posts: 1,918
S
Veteran Member
Offline
Veteran Member
S
Joined: Dec 2000
Posts: 1,918
Maybe I don't understand the last post, but no matter what the expenses are, I only charge the sellers 10%, no more, no less. If I didn't charge a buyer's premium, they'd have to pay 20%, so whoever it "belongs" to, it still goes to pay the bills of the auction. My point, which is really just a personal theory I guess, is that the less the sellers have to cough up in commission, the more likely they are to allow the merchandise to be sold at a public auction where everyone has a chance to buy. About 7 years ago, when I instituted a BP and dropped the seller's commission, my auctions went from an average of $200K to an average of $400K. In other words, better stuff=better money. The bigger auctions, RM/Barrett/Kruse/Leake generally have a bigger BP and generally get more money than anybody else, go figure?

Seriously.....if you've got merchandise that you want to have auctioned, send it to me, if it brings a $1000, you're gonna get $900. No tricks or gimmicks.

[This message has been edited by Seth Robbins (edited 04-30-2008).]

Re: Selling off a collection.
#22010 Wed Apr 30 2008 03:53 PM
Joined: Feb 2006
Posts: 655
S
Petro Enthusiast
Offline
Petro Enthusiast
S
Joined: Feb 2006
Posts: 655
Seth,
I have paid $200-$300 at Russo Steele and Barrett Jackson just for the right to bid.And at 10% on each side from seller and buyer I do not know if you even come out on top after all the work and flyers guys like you and Dan do to get ready for a auction. Much less the cost of the building, the credit card cost, and pay your help.
Heck, on line I bid knowing I will pay 15% but with $4.00 gas upon us I sure can not drive there for the extra.
If you break it down to hourly wage you would qualify for assistance in many States.
I will be at yor and Dan's auction's or online while I am alive.
Just my 2 cents.

[This message has been edited by souperhigh (edited 04-30-2008).]

Re: Selling off a collection.
#22011 Wed Apr 30 2008 07:38 PM
Joined: Jun 2004
Posts: 1,932
Veteran Member
Offline
Veteran Member
Joined: Jun 2004
Posts: 1,932
George, thanks for posting the information about your collection. I see its gotten off topic, lets get back to the sale of George's collection, and move the debate to a topic related thread........


Visit our Website or FaceBook Page

Lance @ Pogos Garage

Re: Selling off a collection.
#22012 Wed Apr 30 2008 08:19 PM
Joined: Nov 2000
Posts: 5,063
Veteran Member
Offline
Veteran Member
Joined: Nov 2000
Posts: 5,063
Lance,
It has gotten of track but if i was "selling of my collection" these are some things i would want to know.

Very interesting.

My question is for Rex... i know he doesn't post anymore but did Rex pay for all the advertising, place to hold the auction, flyers and etc. and if so why?


Looking for anything from Hoosier Pete, Platolene 500 and Red Bird.
Re: Selling off a collection.
#22013 Wed Apr 30 2008 09:12 PM
Joined: Mar 2003
Posts: 842
P
Moderator
Offline
Moderator
P
Joined: Mar 2003
Posts: 842
Trust me........EVERYTHING IS NEGOTIABLE. The auctioneer's % fee for selling a $100,000 collection is likely to be quite different than on a $2,000,000 collection. And who covers the various auction expenses is also negotiable. I'm guessing that Dan or Seth or Aumann would be more than happy to cover all the expenses if they could get a contract on the $2,000,000 collection!!!

Richard


Richard Weir
Corinth, Texas
Re: Selling off a collection.
#22014 Thu May 01 2008 04:14 AM
Joined: Aug 2007
Posts: 2,089
W
Veteran Member
Offline
Veteran Member
W
Joined: Aug 2007
Posts: 2,089
Well Seth, it's been about the last 7 years that gasoline collectibles have been really hot selling everywhere ( USA & Canada) I'm not sure the real reason why, maybe it's the age group( baby boomers)with more disposable income. Souperhigh, don't feel too sorry for poor ole Seth, I'm sure he has his business profits figured out just fine for him..he needs 20% for his sales that he does and it works for him.. ( no tears here ),,,just a little humour guys..


Wes.......
Re: Selling off a collection.
#22015 Thu May 01 2008 03:26 PM
Joined: Feb 2006
Posts: 655
S
Petro Enthusiast
Offline
Petro Enthusiast
S
Joined: Feb 2006
Posts: 655
George, Nice talking with you today. Very nice collection.
Maurice

Page 3 of 3 1 2 3

Moderated by  Oldgas, Ryan Underthun, Watchdog9 

Link Copied to Clipboard

Click here for Gas Pump auction listings

Copyright © 2021 Primarily Petroliana Interactive, All Rights Reserved

Powered by UBB.threads™ PHP Forum Software 7.7.4