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Wespex Auction Is Online

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Posted 05/04/2022   10:41 pm  Show Profile Bookmark this reply Add rogdcam to your friends list  Get a Link to this Reply
PPG - Great insightful commentary.

You mentioned the topic of payments. That is a biggie. I made it through Regency Superior right when they went belly up but consigned in the stiffing consignor's period blissfully unaware of what was going on. My material ended up in Rasdale's hands which was a s**t show in itself. I have also consigned multiple times with a large East Coast firm which you mention in your post and getting paid was like pulling teeth because according to them they were not getting paid. A horrible experience. Harmer's and Siegel have been the best.

The other thing I have noted is that firms love to promote their sold rate which can lead to a false sense of security. Nobody wants to wait six months only to have half their lots be passed. The whole thing is actually quite complex. Weather, time of year, unforeseen circumstances, pandemics, the "right" bidder is unaware of the sale or particular lots, bad estimates etc.

The important point you made is to be proactive and involved and engage with a firm that is very open to that approach. There are not many. Many sales have many dozens if not a hundred or more consignors and they do not want to wrestle the octopus.

For me the entire process is unnecessarily stressful. And yet I am doing it again right now. Somebody slap me.
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Posted 05/05/2022   10:09 am  Show Profile Check eyeonwall's eBay Listings Bookmark this reply Add eyeonwall to your friends list  Get a Link to this Reply

Quote:
the person who best knows the material should be the seller. Yet many sellers do not make the effort (read spend the time) to pre-describe the material and certainly point out the sleepers many folks would normally overlook.


Anyone who does not follow this advice is a fool, especially if their material is something other than well presented frequently seen material.

Also everyone needs to understand the auction houses work for themselves, not for the consignors. Consignors want the max realization, Auction houses want the most profit and that is commission minus cost. To exaggerate, if they can make $1000 commish on 15 minutes of work, or get 10% more by spending a whole day, guess what they will choose.
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Posted 05/05/2022   12:51 pm  Show Profile Bookmark this reply Add floortrader to your friends list  Get a Link to this Reply
This whole discussion is missing a lot of basic information about stamp auction houses .

"the best person who best knows the material " is most likely not with us anymore they are six feet under .
"the best person who best knows the material " has already sold the material to the auction house or to the consignor .
A high percentage of material at any auction house is material that is own by the firm or is own by the owners of the auction house .


You have to understand the term ----"manufactered lots " These are lots that are put together prior to the auction ,they can be made up by the auction house or by a their group of professional consignors .

When you see valueable stamps up for auction but don't come with proper cert's ,you have to ask why ?

There is/was a auction house that mentioned the valuable stamp came with a cert. but the cert .was in a different language which was fine but if you read the cert. ,it say the stamp is defective which isn't mentioned in the English written in the catalog .

BELIEVE IT OR NOT -----The auction firms know which customers/bidders will fight for a lot and raise their bids and they know which customers are "one and done types " . They also know who is a opening bid only bidder and their bid card drops the second a second bidder enters a bid .


Believe it or not their is a whole group of active stamp dealers who can't pay their bills ,they just don't have the money . The auction houses have a hard time collecting money and stop them or restrict their bidding at the next auction . These guys even goes as far as asking for the lots so they can sell the stamps to pay for their purchases .

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Posted 05/05/2022   1:06 pm  Show Profile Check eyeonwall's eBay Listings Bookmark this reply Add eyeonwall to your friends list  Get a Link to this Reply
This whole discussion is about estimates and selling, the 2nd 2/3rds of what you wrote take it oof in another direction, even if I agree with all except "A high percentage of material at any auction house is material that is own by the firm or is own by the owners of the auction house ." as this is not true of all auction houses (depending on how you define "high percentage".
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Posted 05/05/2022   1:18 pm  Show Profile Bookmark this reply Add Parcelpostguy to your friends list  Get a Link to this Reply

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To exaggerate, if they can make $1000 commish on 15 minutes of work, or get 10% more by spending a whole day, guess what they will choose.


The Zeps, Inverts, essays, proofs and the like sell themselves with little need for added discription. The firm only need to publicize it has such material.

Yet, when it comes to the all day effort, it does not mean such work will bear fruit and in fact often is only a waste of time. Example, a mailing tag with some interesting stamps, including marginal plate number selvage looks like most any other tag with the stamps of a two plus decade run. Lets say such examples run a solid $50 when ever sold. That item will go into the remainder or batch lottings. No large auction house can justify spending time on the item. However, what makes this item particularly special (read more desirable and expensive) is that the one plate number was from the very last plate which went to press, not only for the denomination but for the entire series. Thus the owner would benefit telling the firm this is the needle in a haystack, the diamond in the coal dust, a standalone lot in its own right and something which would bring a higher price and profit to both seller and firm; if the seller just spoke up.
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Posted 05/06/2022   3:57 pm  Show Profile Bookmark this reply Add floortrader to your friends list  Get a Link to this Reply
"The discussion is about estimate and selling " fair enough ,let's go there.

The whole area of estimating has changed greatly in the past 20 years. Many years ago it was about articles in Linn's,Stamps and Western Collector and getting all those important prices realized from major auction houses .....but today it now much easier and anyone can have that information at their figure tips just by going on SAN's website .....can you tell what do the experts use now other than SAN's


Same with selling , go on eBay and again go on SAN's ,who else but these two can tell you what is going on .
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Posted 05/06/2022   4:10 pm  Show Profile Bookmark this reply Add rogdcam to your friends list  Get a Link to this Reply

Quote:
"The discussion is about estimate and selling " fair enough ,let's go there.

The whole area of estimating has changed greatly in the past 20 years. Many years ago it was about articles in Linn's,Stamps and Western Collector and getting all those important prices realized from major auction houses .....but today it now much easier and anyone can have that information at their figure tips just by going on SAN's website .....can you tell what do the experts use now other than SAN's


Same with selling , go on eBay and again go on SAN's ,who else but these two can tell you what is going on .


That may hold some water for single items. Large lots throw that out the window. They introduce so many variables unless you are talking school kid collections or kiloware but then those would not be standalone lots in the first place.
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Posted 05/28/2022   1:31 pm  Show Profile Bookmark this reply Add floortrader to your friends list  Get a Link to this Reply
Large lots have become a much more important part of the Stamp Auction business than it was in the 1970's thru 2001 . It became more important as eBay sellers found it to be a good source of sales .

There are a lot of lessons to be learned and understanding that is necessary to be a successful buyer of them .The most important part is the need to view the lots first before bidding .
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Posted 05/28/2022   5:18 pm  Show Profile Bookmark this reply Add Parcelpostguy to your friends list  Get a Link to this Reply

Quote:
Large lots have become a much more important part of the Stamp Auction business than it was in the 1970's thru 2001 . It became more important as eBay sellers found it to be a good source of sales stock .


I corrected what you meant. That said, I know of one very long time quite successful cover dealer who greatly scaled back covers and return to primarily dealing in stamps with the transition occurring over the last 18 months. He stated he could not longer run his retail business model due to the rising prices being cause by large cover operations buying the large stocks to run as individual lots on eBay. Not only do they buy the large auction lots they burn through the material like a western states wildfire. Needing a new batch of big lots regularly.
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Posted 05/28/2022   7:13 pm  Show Profile Check eyeonwall's eBay Listings Bookmark this reply Add eyeonwall to your friends list  Get a Link to this Reply
"I know of one very long time quite successful cover dealer who greatly scaled back covers and return to primarily dealing in stamps with the transition occurring over the last 18 months."
Forte
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Posted 05/28/2022   9:02 pm  Show Profile Bookmark this reply Add rogdcam to your friends list  Get a Link to this Reply
Made me think of the last Rasdale auction. The cover lots went cheap, very cheap. One lot of US/WW covers in 13 large cartons went for $150. Of course shipping was probably $500 or more. Gives me a migraine thinking of trying to describe each one. But if you started every single one at 99 cents on the Bay I would think that you could make money if your labor was free.
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Posted 05/28/2022   11:17 pm  Show Profile Bookmark this reply Add revcollector to your friends list  Get a Link to this Reply
Depends on what the covers were, and who bought them. If they were bought by a show dealer with dollar boxes, those covers could make someone a lot of money over time.
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Posted 05/30/2022   6:34 pm  Show Profile Check KRelyea's eBay Listings Bookmark this reply Add KRelyea to your friends list  Get a Link to this Reply
Did anyone notice Lot 636 from Kelleher December 2021 Collection auction was offered again by Rumsey as Lot 2877?


Quote:
636 Worldwide, Old School Exceptional Collection, 1840-1957. Collection of 18 well filled Scott Specialty and Schaubek albums
for European countries from start to around 1955. lncludes 10,000s of mint and used stamps from East and West Europe and
British areas, with colonies, except no British or French colonies. No great rarities but many countries go into variety, paper, and
color depth on home made pages. A plethora of individual stamps and sets from $25 into the $100s each. Strength is in 4 Schaubek
albums for the German areas, an album for Germany proper (East and West), an album of German states (which have to be examined), another with strong offices and colonies (50+ large yachts), plebiscites, and occupied territories, and an album with home
made pages with over 300 zummanadrucke. ltaly is exceptionally strong starting with ltalian States which also have to be examined
but include an unused Two Sicilies #18 ($975) with toned gum, regular issues appear complete mint or used except for about a
dozen stamps for the1930 to 1945 period mostly mint as well as the airmails with same used duplicates. Postage dues are complete
mint or used, and numerous Franchise stamps. This album also houses better than average colonies and territories. Portugal similarly has good earlies with additional pages for paper and perf varieties for the 1870-94 issues. All colonies are well represented from
Angola to Zambia which include Macao with #162-3 ($1000+). The rest of Europe continues in like fashion with many countries
supplemented with pages for early varieties to include Austria, Belgium, all Scandinavian countries, Switzerland among others.
Yes there is an album for Russa and areas and don't overlook the 4 margin Great Britain #1 and the 150 plated #33s or the album
with over 1500 Belgium city precancels. On a lot this large some mixed condition to include no gum should be expected especially
on the earlier issues., Fine to Very Fine. Shipping charges apply - weight 176 lbs. (photo on web site) . Estimate $15,000 - 20,000



Kelleher Prices realized show $37,500

Rumsey's listing;


Quote:
2877 /o Worldwide, Old-time Estate Collection, 1840-1957. An important intact estate comprised of more than 80 countries all neatly housed in 14 Scott Specialty albums and 4 Schaubek albums, includes many thousands of singles, sets and souvenir sheets in very well filled albums, often with parallel mint and used pages, Germany exceptional and features a comprehensive showing beginning with a Schaubek album of German States with many stamps into the 100's each, followed by Germany proper starting with the 1872 issue plus a showing of the scarce inflation issues used and much more, another Schaubek contains strong offices and colonies with dozens of the yachts, plebiscites and occupies territories, a final German album is an exceptional collection of zusammendrucke issues, collection was clearly a life's work as the collector also went beyond the printed album pages and created many hundreds of specialty pages to mount shades, perf varieties, imperforates, papers and more for many of his favorite countries, Italy well represented beginning with Italian States, a plethora of better issues from the first issue of 1862 up through the airmails and back of the book is noteworthy, also included in this Scott Specialty album is a decent showing of colonies and territories, Portugal has better early and later issues with extra pages for paper and perf varieties of the 1870-1894 issues, plus the colonies are represented from Angola to Zambia and we note Macao includes #162-163 ($1000+), additional countries include Great Britain (huge Scott value), Belgium (another favorite with many extras), Belgium, Congo, Austria, Albania, Andorra, Bulgaria, Cyprus, Crete, Croatia, Czechoslovakia, Denmark, Estonia, Gibraltar, Finland, DWI, Cuba, France, Turkey, Cilicia, Malta, Monaco, Montenegro, Netherlands, plus Antilles, Curacao, Surinam, Norway, Yugoslavia, Karelia, Latvia, Liechtenstein, Lithuania, Luxembourg, Sweden, Switzerland, Danzig, San Marino, Serbia, Poland, Spain and Colonies, Hungary, Iceland, Ireland, Greece, wonderful Russia, Azerbaijan, Far Eastern Republic, Tannu Tuva, Ukraine, Fiume, Bosnia and Herzegovina and Vatican; very few collections of this size and quality are available intact, an ideal lot for online sale by country or to breakdown into singles and sets, some mixed condition and no gum mainly on the early issues.
Estimate; $40,000 - 60,000.


Shown as unsold.
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Posted 05/30/2022   6:38 pm  Show Profile Check revenuecollector's eBay Listings Bookmark this reply Add revenuecollector to your friends list  Get a Link to this Reply
Same lot, double the estimate. How much you want to bet it was cherrypicked and flipped, hence it not selling at the elevated estimate.
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Posted 05/30/2022   7:52 pm  Show Profile Bookmark this reply Add rogdcam to your friends list  Get a Link to this Reply

Quote:
How much you want to bet it was cherrypicked and flipped


The first, second, third, fourth time or all of them?
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