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<p>[QUOTE="Stork, post: 2599668, member: 71642"]Are you saying Kunker wanted a 20% SELLERS fee in addition to the BUYERS fee, or was it 20% total between the two? If Kunker was asking their normal buyers fee AND a 20% sellers fee that would be odd or perhaps there was some miscommunication going on. </p><p><br /></p><p>Auction houses do have buyer's fees that are somewhat substantial, and if you are a small/unknown consigner there can also be seller's fees. Large customers can negotiate away a portion of these, but a new person with a limited consignment would not have the leverage. </p><p><br /></p><p>Example--Heritage has a roughly 17.5% buyer's premium AND a seller's fee. The seller's fee can be waived but might be 5% or so depending on what you can negotiate. Some large dealers might get '104% of the hammer' which translates to no sellers fee and a portion of the buyer's fee. That will not be offered to the 'small fry'. Note: Heritage is the only big house I've ever used to sell, so that is the example I can use.</p><p><br /></p><p>It sounds like WAG was not interested after you informed them how to run their business practice in your second email to them. Depending on the tone of the email you sent, someone may have lost their temper with you a wee bit and were more straightforward than they normally would have been. A lot of business relies on personal relationships and if you don't have one, then your comments sounded a bit presumptuous.</p><p><br /></p><p>All this relies on no language barriers or communication barriers. What may have been intended as a polite inquiry or response may not have been communicated well. The way I read your description of the second email you sent them does sound inflammatory. Again, you may not have written it that way or intended it that way, but that is how it sounds in this reading.</p><p><br /></p><p>If you are serious about selling your coin in an auction, look to another house...read their terms first so you understand. Contact them and if you have a truly remarkable coin they may be open to negotiation. Understand their terms so there are no surprises, and understand their timelines. Consignments to the larger houses do seem rather slow from mailing the coins to receiving a check. </p><p><br /></p><p>Being in a rush, being (even unintentionally) high handed, and not following THEIR standard procedures would, I imagine, be red flags to them. I'm sure they have all been victims of fraud and have their procedures in place to maintain their business integrity. Their business, their rules.</p><p><br /></p><p>I'm sure you did not intend to insult WAG, but it sounds like you did.[/QUOTE]</p><p><br /></p>
[QUOTE="Stork, post: 2599668, member: 71642"]Are you saying Kunker wanted a 20% SELLERS fee in addition to the BUYERS fee, or was it 20% total between the two? If Kunker was asking their normal buyers fee AND a 20% sellers fee that would be odd or perhaps there was some miscommunication going on. Auction houses do have buyer's fees that are somewhat substantial, and if you are a small/unknown consigner there can also be seller's fees. Large customers can negotiate away a portion of these, but a new person with a limited consignment would not have the leverage. Example--Heritage has a roughly 17.5% buyer's premium AND a seller's fee. The seller's fee can be waived but might be 5% or so depending on what you can negotiate. Some large dealers might get '104% of the hammer' which translates to no sellers fee and a portion of the buyer's fee. That will not be offered to the 'small fry'. Note: Heritage is the only big house I've ever used to sell, so that is the example I can use. It sounds like WAG was not interested after you informed them how to run their business practice in your second email to them. Depending on the tone of the email you sent, someone may have lost their temper with you a wee bit and were more straightforward than they normally would have been. A lot of business relies on personal relationships and if you don't have one, then your comments sounded a bit presumptuous. All this relies on no language barriers or communication barriers. What may have been intended as a polite inquiry or response may not have been communicated well. The way I read your description of the second email you sent them does sound inflammatory. Again, you may not have written it that way or intended it that way, but that is how it sounds in this reading. If you are serious about selling your coin in an auction, look to another house...read their terms first so you understand. Contact them and if you have a truly remarkable coin they may be open to negotiation. Understand their terms so there are no surprises, and understand their timelines. Consignments to the larger houses do seem rather slow from mailing the coins to receiving a check. Being in a rush, being (even unintentionally) high handed, and not following THEIR standard procedures would, I imagine, be red flags to them. I'm sure they have all been victims of fraud and have their procedures in place to maintain their business integrity. Their business, their rules. I'm sure you did not intend to insult WAG, but it sounds like you did.[/QUOTE]
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Having trouble with auction house WAG
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