Hi Folks!
Last chance! I have only twelve (12) slots remaining for consignments for the Second
Annual Meteorite Auction at the InnSuites in Tucson on Sunday, February 10th.
If you wish to make a consignment, please get in touch QUICKLY!
Further exciting news:
--We have snagged auctioneer Claudia Florian--a former auctioneer for Phillips &
Sothebys--to run this sale;
--The advertisement in the current issue of Smithsonian has already resulted in dozens
of catalog requests!
--Meteorites confirmed to be offered include, L'Aigle, NWA482, Camel Donga, Manych,
GV, Steinbach, Chassigny, Barbotan, Mauerkirchen, Ensisheim, Shalka, Felix, etc.
--Once again, if you are an exhibitor at the "Arizona Mineral & Fossil Show," you are
entitled to consign one lot without having to pay a consignor's fee (courtesy of the
Macovich Collection and the Great Zinn).
The Event: The InnSuites Meteorite Auction
Date: Sunday, February 10th 10.30 AM
Location: InnSuites, Tucson / Poolside
Early Registration/Preview: February 1-9 - 10.00AM - 6.00PM
Day-of Registration/Preview: February 10 - 9.30-10.30AM
Number of lots: 100
Targeted price point: $200 to $25,000
Lots with no reserve: ~40%
Consignor's fee: 10.0%
Buyer's fee: 12.5%
Limit per consignor: 4 lots
Sell-through fee: 3%
Insurance (if desired): 1%
QUESTIONS:
Why should I consider consigning a meteorite to this sale?
1. Guaranteed Interest. This offering will be heavily promoted. We are also building
on an outstanding buzz from last year's sale. Further, a number of outstanding
meteorites will be offered with NO RESERVES;
2. Marketing commitment. $4000 in dedicated advertising will be spent publicizing this
event;
3. Location. Host to one of Tucson’s preeminent shows, the InnSuites is centrally
located and is indisputably Meteorite Central in Tucson;
Where do I sign up?
Right here. Please fill-in the following info. A formal consignment form will be sent
to you provided that your property is accepted for this auction. [My interest is only
in creating a marketplace for fine meteorites that are priced to sell, and to present
this property to a crowd that is eager to participate in an auction filled with such
opportunities.]
Name
Street Address
Apartment or Suite
City
State
Zip
Daytime phone
Evening phone
Email
Description of each proposed consignment:
--Slice or End or Complete or Fragment
--No crust or ~25%, ~50%, ~75% or 95+% crust
--Condition and extent of weathering
Measurement (H x W x D):
Weight:
Provenance:
Reserve:
Will you be present at the auction?
Can you explain what a “reserve” is? A “reserve” is the absolute lowest fee that
consignors accept PRIOR to the deduction of the 10% consignor's fee. The reserve is
not published in the catalog. However, consignments with reserves will be indicated in
the catalog with a bullet (*).
Why would I want a reserve?
Reserves are used as a mechanism to protect the consignor so that an item will not
sell for too low a price. However, should a consignment’s estimated value be less than
$300, no reserve will be allowed.
What are “estimated values”?
A guideline of what it is believed the consignment should bring at auction.
Do you prefer consignments with either no reserve…or low reserves?
Yes. Consignments with no reserves or modest reserves are far more likely to result in
a successful sale.
Can I insist on a high reserve?
No. If the reserve you wish to set is, in my estimation, too high, I will refuse the
consignment. The philosophy of this sale is to offer choice merchandise that is
attractively priced, which will result in a spirited marketplace.
Are high reserves the only consideration in rejecting a consignment?
No. If I believe the consignment competes with too many other similar consignments, it
will be rejected. Consignments will be accepted on a first-come, first-served basis.
As a consignor to the InnSuites auction, how much will this cost me?
If your consignment sells, your cost will be 10% of the hammer price (the highest
bid). If your lot fails to sell, the sell-through fee (and insurance, if so desired)
will result in a cost of either 3% or 4% (w/insurance) of the reserve price of the
consignment.
Are there deadlines to be a consignor?
Yes. As a result of catalog deadlines (paper and cyber) the deadline will be whenever
the twelve slots are filled...my guess is by Tuesday, January 8th.
There will be a catalog?
There will be printed listing available at the InnSuites room 404, as well as a page
at Macovich.com.
Is there a deadline for physically accepting consignments?
Consignments will be physically accepted at the InnSuites room 404 commencing on
February 1st for Early Preview. The latest a consignment will be physically accepted
12:00 Noon on February 5th. If your consignment does not arrive by this time, it will
not be included in the auction. If you are a registered consignor and fail to deliver
your consignment, you will still be assessed a 3% sell-through fee.
If my consignment doesn’t sell, how quickly can it be returned?
Immediately following the sale.
How quickly will I be paid after my consignment sells?
In most cases, you will be paid within 24 hours. If your consignment sells for more
than $5000, five business days may be necessary. This will depend entirely on the
method of payment on the part of the buyer.
That's it. Any questions, don't hesitate to get in touch.
Darryl
Show your support at the Red Cross Disaster Relief Fund -
http://s1.amazon.com/exec/varzea/ts/my-pay-page/PKAXFNQH7EKCX/058-5084202-7156648
_______________________________________________
Meteorite-list mailing list
[EMAIL PROTECTED]
http://www.pairlist.net/mailman/listinfo/meteorite-list
