[meteorite-list] Auction Kings meteorite - $2000 Sikhote Alin

[Bob Falls]

Hi Adam,
I was watching this show the other night (different episode) and did catch them say at the
beginning that the auction house takes a 20% sellers premium.  I have never worked with an
auction house however this does not seem too bad based on the draw this auction seems to have.

Best Regards,
Bob Falls
Colorado Springs, CO


-----Original Message-----
From: meteorite-list-bounces at meteoritecentral.com
[mailto:meteorite-list-bounces at meteoritecentral.com] On Behalf Of Adam Hupe
Sent: Friday, March 23, 2012 9:31 AM
To: Adam
Subject: Re: [meteorite-list] Auction Kings meteorite - $2000 Sikhote Alin

A lot of buyers judge the price of collectable items from eBay.  EBay is 
not known for fetching top dollar, especially on collectables.  A solid 
auction house will almost always fetch more than what would be realized 
on eBay.  The problem with many auction houses is that their commissions are out of line, some
charging in excess of 40%! Then some fleece the 
buyers with expensive shipping and handling fees.

Don't get me wrong, there are a few great auction companies out there, I have used some of
them.  One problem I encountered is that if the item 
doesn't sell or the buyer can't pay for the item after bidding on it, 
then the seller can be out of some serious money including catalog and 
no-sell fees.  They need to do a better job of vetting their bidders!

A lot of dealers don't bother with middle men anymore since they can get 
wholesale prices right off of eBay.  Some specialty shops get most of 
there product from eBay, mark it up considerably and put it on their 
shelves. The problem is that a lot the collectable items offered on eBay have no expertise
behind them and are accidentally or purposely 
misrepresented.

There are reputable independent companies that can authenticate and paper 
items so COAs  are important to me.  I wouldn't purchase a valuable 
coin, baseball card or any other collectable without first seeing that 
it has been papered through an independent grading and certificate 
service.  A properly papered item will almost always bring in the big 
bucks in an auction house whereas it may not do so well on eBay where 
some dealers tend to print their own COAs and grade items themselves.

Kind Regards and Happy Collecting,

Adam
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