trixon telstar
Guru Tat
Posts:1517
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| 03 Sep 2019 06:43 PM |
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Come on Brian . Is this a serious enquiry? You've been around this game since dinosaurs ruled the Earth. There's nothing you don't know ! |
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factory boy
Tat Addict
Posts:552
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| 04 Sep 2019 07:45 AM |
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I am serious. I have not bought or sold any signs in auctions for at least 30 years so I have no clue as to what all the current charges run out at? Another big issue with auctions is condition regarding restoration. Is all restoration fully described and if so how do auctions grade the level of restoration? How good are they at detecting levels of restoration? There are so many signs being restored these days! Anyone considering selling signs at auction needs to know what percentage of the hammer price they will receive. If a sign sells for a few grand and 30% is deducted overall that's a lot of cash to lose. We all have to sell signs at some point so what's the best option???? |
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fred
Mad Keen Collector
Posts:441
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| 04 Sep 2019 09:04 AM |
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Auctioneers are (more or less) crooks in pin-stripe suits. The commission feees have increased because of Ebay and other factors.
I once had over 100 enamels, half have gone now (I'm 65) in addition to this I have cleared a lot of collectable cameras and other items all on Ebay. 10% fees |
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Lummox
The Tatfather
Posts:5223
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| 04 Sep 2019 09:55 AM |
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Wow FRED to what are you alluding to ? you might have to reply to TORA
Anyway Ebay fees if you include PAYPAL which 99 % of items are paid with works out at nearly exactly 15% not 10%
Brian MOST Auctions these days charge at least 20% both ends plus VAT on the hammer fees, Some like TOOVEYS for example charge a buyers premium that is almost 30% !! when all the fees are added in, PLUS the Sellers Fee of 15% Some + VAT + other " little " fees
OK Lets take an auction with a 25% Buyers Premium with 20% Sellers Commision
Roughly >>>>> ITEM sells for 300 Buyer premium is £75 + Vat ( £15) so Buyer has paid £390 ( more if on Saleroom. com etc )
Seller Receives £300 less 20% £60 Thats it ... ( NOT ) !! many auctions charge separate little..... Lotting fees, picture, fees, insurance etc BUT lets leave it at £60
So the true cost of the item ( what the buyer was willing to pay was £390 ........... yet the Seller receives £240 ) £150 has gone somewhere OUCH !!
Some charge more BP 24.5% ( 29.4 % ) including VAT 15% Buyers Premium ( maybe + VAT ), £8 Lotting Fee , + Modest Photographing fee
BRIAN.... Draw your own Conclusions |
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fleece77
Guru Tat
Posts:2120
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| 04 Sep 2019 01:39 PM |
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I agree with you FB, especially living on the other side of the pond. Desription of any restoration is so important when looking at photos, that we all know can hide a lot. That's why you won't get me bidding on any more signs from Chippenhams, I bought a Hudsons laundress fingerplate several years ago from one of their auctions. The desciption was " A couple of small areas of restoration ". It should have read " A couple of small areas of original sign ". Very disappointing, from an auction house who has so much experience in this field, or so I thought ?
Gordo |
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factory boy
Tat Addict
Posts:552
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| 05 Sep 2019 07:32 AM |
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Wow, thanks for all that info folks.
FB |
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banjo boy
The Tatfather
Posts:6121
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| 05 Sep 2019 04:02 PM |
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Very strong sentence you wrote there Fred.. |
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SteveTheTyke
Guru Tat
Posts:1522
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| 05 Sep 2019 07:40 PM |
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There was a Melox dog sign at Wombells Auctions in York on Saturday - some members on here may well have clocked it. No further description other than Melox dog foods enamel sign. Had large areas of very crude restoration which was very plain to see, but as the lot photo had been taken as it hung up on the wall in amongst all the furniture it was very dark and you could see no sign of any of this unless you took it off and held it against the saleroom lights. Went for £160 + 16.5% BP & comm, so maybe just over 60% of the value of a mint one, but anyone buying that without having it in their hands may well have been disappointed. |
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factory boy
Tat Addict
Posts:552
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| 06 Sep 2019 08:21 AM |
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The question is do auctioneers know that many signs ARE restored? Can they accurately detect restoration? Can buyer's get their money back if the item has not been accurately described? Do they point out restoration on other lots such as china and porcelain?
Let's face it if they operated a zero tolerance to restoration far fewer signs would be sold. If not perhaps some sort of general warning statement within the listing should be employed by auction houses selling enamel signs along the lines of: 'This sign has areas of restoration and should be carefully examined prior to purchase.'
FB |
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langcat
Tat Addict
Posts:676
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| 03 Oct 2019 06:46 AM |
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I still dont know who has got them now  |
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fleece77
Guru Tat
Posts:2120
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| 03 Oct 2019 10:11 PM |
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let it go Henk |
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Mick G
Guru Tat
Posts:3049
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| 04 Oct 2019 01:24 AM |
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Henk, What would you do if you found them, would you restore or leave them as found? |
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langcat
Tat Addict
Posts:676
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| 05 Oct 2019 11:40 AM |
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They will go up the doors of the toillets in a café |
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