Auction Houses during Recession

If we have a prolonged recession which it looks like we have.
With more and more people less likely to offer up their cards for sale in this Environment
What measures will auction houses take to try an secure Inventory for their auctions.
Most are already offering a 0% Commision rate for consigners.
Will they Lower Buyer Premiums (Not Likely)
Will they raise Buyer Premiums and offer Consigners a portion of BP's
Will they Keep BP's the same and offer Consigners a portion of BP's.
Or, None of the Above

Your thoughts

None of the above....i think most sellers are seeing that Ebay is not the way to go. Auction houses are still getting great stuff to sell and they are noticing better prices than Ebay. The only problem is, i think there are too many auctions by Goodwin, Mastro and a few others....seems to be one every few months. Should 4 each year, and 2 by REA.


I will be giving a few cards to auction houses myself next year.


Mark

With Mastro offering 0% Commision rate on any card worth 1K or better and Goodwin I know for sure doesn't charge Consignment Commision, it seems the times are a changing.

I don't think I would consign a high 4 figure card or better without trying to get a piece of the BP.

I got a 5% rate on a consignment to Mastro. Way better than I had expected and a ton better than I'd have gotten after eBay/Paypal took their huge cut.

did you factor in the 20% they're taking from buyers?

cccc wrote:did you factor in the 20% they're taking from buyers?

no he did not.

What did you guys think of the mastro results? It seemed like there were some bargains this time around.

mixed results, bargains yes (e103 Matty for example). Strong prices though too (e107 Waddell is through the roof!)

Bicem wrote:mixed results, bargains yes (e103 Matty for example). Strong prices though too (e107 Waddell is through the roof!)

True enough. 85k for the AUT T210 Jackson (before juice) is jaw dropping too. Some very strong prices mixed in with some bargains.

Here is the card I'm kicking myself for not pursuing. Love the detail on that D381 Evers portrait shot, and the price was right.

These prices seem pretty strong:


$102,000 for the PSA Authentic T210 Joe Jackson

$28,800 for the SGC 4 N175 King Kelly

$10,200 for the SGC 1.5 E107 Rube Waddell

$6,000 for the SGC 3 J=K Napolean Lajoie

didn't u acquire a e107 waddell recently wes? if so big congrats!

Yes, but I traded with Jeff Prizner, so you know I paid full value.

psacollector wrote:Yes, but I traded with Jeff Prizner, so you know I paid full value.

based on what the other Rube just closed at, I think you owe me some more money!

Note to self: Don't trade with Wes, he's too sharp.