Stamps I Sold Through Kelleher In Large Lot End Up In Sandafayre Sale

It is possible. I do remember that the red boxes were broken up by groups based upon area and/or country and almost every lot, and there were dozens, went to the same paddle number with perhaps one or two exceptions. The more I look at Sandafayre's single lots the more I think that I can pick out better singles that I processed. I had always assumed that the material went to an ebay seller but now I think that I was wrong. I should have started a stamp store. It just seemed so overwhelming and time consuming. I do appreciate how much work goes into doing thousands of listings properly with the scans and good descriptions and pricing and shipping and so on. It is a lot of work. And of course you have to factor in the "problem" customers that are a gigantic time suck.

It will depend on energy levels, but I don't think I could have worked my way through my swaps of cigarette cards and stamps while I was working. In retirement, by contrast, I see it as a leisure activity that sits reasonably well with my hobbies. The scanning is tedious, the descriptions marginally less so, the problem customers very few and far between (although I don't have or sell expensive individual stamps, which have more scope to generate arguments) and non-delivery by the post office is probably less than one in a thousand..

….and if you cannot sell the stamps the way they are the first or second or third time make them into a "carton" lot....

Lot 7476:

https://stampauctionnetwork.com/ZG/zg5319112.cfm

What confused the heck out of me more than once was I lost a lot at a public auction only to have it offered to me a couple of weeks later by a mail order retail dealer for LESS than my losing high bid. One dealer did that three times and a couple of other once each. (The joys and curse of being a known specialist.) No, I never asked why as that would be like asking, "Are you sure you are charging me enough?"

As to auctions firms buying from auction firms, it is not uncommon. One firm handled a huge collection of specialty material but there was an overly huge remainder lot which for which I was out bid by Nutmeg which then sold the contents of lot over the period of a year or two. Much has to due with the cost involved for an auction firm to run an individual lot, firms that can invest the man hours can get better prices or more material.

PPG - I have had the same thing happen to me vis-à-vis being offered material I "lost" for less. Which leads me to believe that it was never really sold and walked out the door for a negotiated price after the auction.

Yes, auction firms do buy from auction firms. It was interesting for me to actually follow some of my own material at least in part. Kind of like seeing part of the sausage making!

They always say you should never ask what goes into a sausage ...

Discussion kind of reminds me of one or two stories told by Herman Herst in "Nassau Street." Satcheleers would sell a lot to a dealer, who sold it to another dealer, and then another, often without examination. Purchases were made based on trust between the various participants. I'm sure in part Herst fictionalized the stories as he was known to frequently do, but I have seen a couple of these transactions take place during my lifetime and they transpired much the way Herst described them.

Seems like something similar also happens with auction lots.

This reminds of a story I heard once.

Three stamp dealers were marooned on a deserted island with their stock. They all made a profit.

A lot of stamp dealers and small stamp auction firms run a continous debit balance with large auction firms .

I had this discussion with Gregg Manning in his office in New Jersey during one of his Collections auctions . The same discussion with David Kohls at Regency in St. Louis ,that is the many dealers who are in a rears with paying for lots from previous auctions but want to bid in the present auction .


The auction houses learn real quick who comes to a auction and can pay on the spot ,then they also have a list who gets credit and gets their lots shipped right away with no reason to ask for payment .Because they know the check will be there in a matter of days .