"IF you have a 20% commission rate"? So, are you telling us that the commission rate IS 20% or are telling us that the commission rate varies by consigner? Or are you saying something else? I am pretty sure we all understand the concepts here. We were just looking for actual numbers. Seems like "If" your commission rate is 20%, then if the buyer pays $50 for the poster, you will get $16.80 (house takes 66%). And if the buyer pays $30, you will get $0.80 (house takes 98%). And since its difficult to mail items (even in bulk) for less that $1 per item, it means that you would save money by throwing low value posters away rather than mail them to an auction house! Evan
> On 06/08/2023 2:01 PM MDT Zach Pogemiller <zachpogemil...@gmail.com> wrote: > > > 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 > mailto: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 > > mailto:mopo-l@LISTSERV.AMERICAN.EDU> On Behalf Of peter contarino > > Sent: Wednesday, June 7, 2023 11:32 AM > > To: MoPo-L@LISTSERV.AMERICAN.EDU mailto: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 > 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.
