| Author |
 Replies: 35 / Views: 5,034 |
Page 3 of 3
|
|
|
|
Moderator
 Canada
10463 Posts |
I was there for the Thursday night auction. I won my lots, with the most competition over the Nova Scotia Trade dollar lot. I won lot #664 quite cheaply, and I love it. http://www.icollector.com/Canada-Ep...ra_i20499199I had consigned a large amount of Trade dollars and exonumia to the auction, and was pleasantly surprised at the interest and bidding activity on those lots. "Discovery follows discovery, each both raising and answering questions, each ending a long search, and each providing the new instruments for a new search." -- J. Robert OppenheimerContent of this post is licensed under a Creative Commons Attribution-NonCommercial 3.0 Unported License. See: http://creativecommons.org/licenses...0/deed.en_USMy eBay store
|
|
Valued Member
Canada
190 Posts |
SPP.
How exactly does consigning something to one of these auctions work?
Who sets the prices?
What are the fees attached?
What if it doesn't sell?
Sorry for all the questions but would like to try it.
Thanks
|
|
Pillar of the Community
Canada
3049 Posts |
Maddog.. I can probably answer most of those questions..
You send in your items to the auctioneer... you on the submission form there is generally a place where you could put a minimum starting bid.... (sometimes you can set a reserve) ...
Fees associated usually can range from 10 - 25% of the hammer price.. upon completion of the auction they simply take the hammer price minus their cut and send you a cheque.
I've never had an item that didn't sell.. but I suppose if there wasn't anyone that even put in the minium bid.. the auctioneer would ship the items back to you...
|
|
Valued Member
Canada
190 Posts |
Thanks AG
I thought they only took the Buyers Premium as their fee.
Will have to do some more research before I try this avenue.
Much appreciated
|
|
Pillar of the Community
Canada
3049 Posts |
It all depends... The auctioneer will take their cut.. sometimes there's a "buyers premium" associated... so it's the hammer price and the buyer pays the premium... sometimes its a % of the hammer price... and sometimes it's a combination of the two.. Here at one local auction the buyers premium is 5% of the hammer price & the seller pays the auctioneer 15-20% of the hammer price...every auctioneer may do things just a bit differently... ebay for example charges a premium to the seller on the hammer price.. and the buyer just pays their final bid price... auctions on the icollector web site charge the buyer a premium on top of the hammer price. |
|
Valued Member
Canada
403 Posts |
Further to AG's point, I know auctioneers who charge in upwards of 30-35% consignment fee. I've also seen buyer's premiums range from 15-25%. Be sure to research carefully. Questions you may want to ask: how they advertise their auctions and make catalogues available, and get references of past auctions. The auction biz is highly competitive and there are many unethical auction operations out there.
|
|
Pillar of the Community
Canada
4227 Posts |
I had that artwork bookmarked, SPP, but I just have too much now. Beautiful piece.
|
|
Valued Member
Canada
190 Posts |
Thanks again AG
that really does clear things up.
i might just try it and see what happens, nothing really expensive, at least to start.
appreciate that.
|
|
Pillar of the Community
Canada
3049 Posts |
Hey guys... I have a question for you all regarding payment for this auction...
So this auctioneer accepts a very wide range of payment types... which I think is great...
But here's the deal...
If I arrange with the to send a cheque I have to wait for the cheque to clear then they will ship.. (okay no probs there)
I think I read they also accept EMT...
But C.C. or paypal is REALLY easy for me.. however when I went through the steps to pay via paypal.. it converted the amount I owed into U.S. funds.. therefore I was about to be stuck with the conversion rate as well..
Long winded question.. I'm sorry.. but if I pay through cheque or EMT does the payment also have to be in U.S. funds?
I was a bit put off that I would have to pay the conversion... as the auction itself was listed in CAD... the auction company is Canadian .. yet when I try to pay via pay pal it's converting my total price into USD then asking me to pay the conversion rate which is even more...
|
|
Valued Member
Canada
190 Posts |
That sounds really strange.
I do not recall seeing anything on the website regarding payment that said certain payments would be charged in US funds. I went down and paid cash and did notice a gentleman paying for his purchases with a cheque, which was from a Canadian institution.
I believ there was a phone number on the website, I would call them and ask them why this is happening, maybe they will be able to accomodate you another way.
Good luck
|
|
Valued Member
Canada
190 Posts |
Below is there phone number and a copy of the payment options, but I cannot see anywhere that it says payments will be in US funds.
Geoffrey Bell Auctions phone number 506-333-7778
Auction Payment Info
Accepted Payment Methods: VISA , Master Card , AMEX , Money Order/Bank Draft , Personal Cheque/Check , COD (cash on delivery) , PayPal , See Payment Details , Wire Transfer
Cheques must clear before shipping; money orders and certified cheques will be verified and shipped within 48 hours of receipt. Direct deposit into our TD Canada Trust account will result in immediate shipping [Canadian Dollar Account: 5240 5214697; USD Account 5240 7303279]. eTransfer is a non-premium payment method accepted. Credit Card payments and Paypal are accepted at a 4% premium to cover bank fees [Paypal Account is payments@gbellauctions.com]. A Purchaser's Commission of 15% for floor/mail/fax bidders and 20% for online bidders will be added to the Hammer Price. Appropriate GST or HST will be added for lots delivered in Canada. No taxes added if shipped out of country. US Funds accepted at 2% over the posted rate on xe.com on the day of the auction. Other foreign currencies will be converted at a 2% conversion fee on the day the invoice is paid. All accounts not paid within 30 days will result in an interest charge of 2% per month calculated from Nov 3rd, 2014.
|
|
Pillar of the Community
 Canada
9871 Posts |
AgCoinAu is your paypal account $US or $CAD ?
"Dipping" is not considered cleaning...
-from PCGS website
|
|
Pillar of the Community
Canada
3049 Posts |
DBM: That's my best guess.... I really only use pay pal for ebay and most items there sell in USD... so perhaps that's what's going on.. I may have to adjust my settings So I just checked... and CAD is my primary currency used for paypal... must be some sort of glitch on the end with paypal... meh... I'll contact them tomorrow and see which email they want an EMT from... Edited by AgCoinAu
10/06/2014 10:53 pm
|
|
Pillar of the Community
Canada
9871 Posts |
Yes that's odd. Paid for mine by paypal this morning, no problem, mulled it over and thought it worth 4% ($17) to have my items in hand sooner.
"Dipping" is not considered cleaning...
-from PCGS website
|
|
Pillar of the Community
Canada
617 Posts |
^
Exactly the same for me. Also, got to use some of my Paypal balance.
|
|
Page 3 of 3
|
Replies: 35 / Views: 5,034 |
Page 3 of 3
|
First Page
Previous Page
Posted 10/06/2014 11:04 am
