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Posted By: BryceG Auction Thoughts (share live today) - Mon Oct 03 2016 03:31 PM
just wanted to start a thread where we could talk about the auction, since I think there are plenty of people watching it from their PCs today.

prices seem low on several things to me. $1800 for a working porcelain Service arrow neon? seems cheap.
Posted By: BryceG Re: Auction Thoughts (share live today) - Mon Oct 03 2016 04:09 PM
common globes also seem to be going for good deals
Posted By: muntzman Re: Auction Thoughts (share live today) - Mon Oct 03 2016 04:32 PM
On the surface prices look to be down on some more common items but those good deals tend to disappear when you add the buyers premium and the state tax.
Posted By: BryceG Re: Auction Thoughts (share live today) - Mon Oct 03 2016 04:41 PM
True. And shipping sometimes
Posted By: Donald D. Brock Re: Auction Thoughts (share live today) - Mon Oct 03 2016 07:09 PM
Is there enough money to go around?

Besides the auction today, there is the Mecum sale later in the month. I have also received 2 catalogs, for two other sales conducted by Morphy, to be held this October.

Granted, not every auction is Gas/Oil/Automobilia but there many of us enjoy a variety of categories. I probably would not have held back as much this weekend if it were not for these other interests.
Posted By: BryceG Re: Auction Thoughts (share live today) - Mon Oct 03 2016 07:41 PM
people are certainly holding back... watching lots of globes, even uncommon ones, go for less than half of actual value
Posted By: Done4 Re: Auction Thoughts (share live today) - Mon Oct 03 2016 08:16 PM
I think they have flooded the market, too much too often. I watched some of it today and have to admit I thought there was some crazy good deals. The clock is ticking.
Posted By: hemistudegasser Re: Auction Thoughts (share live today) - Mon Oct 03 2016 08:51 PM
i picked up two globes for about 1/2 of what they sell for normally. i think the buyers premium is too high but i figure it into my bid. if i get it great if it goes crazy with the bp then no big deal.
Posted By: Nucky Re: Auction Thoughts (share live today) - Mon Oct 03 2016 10:18 PM
I never goes to an auction but it seems prices are changing a bit recently, is it the same in America than Europe ?

here for the moment I see prices going down via internet ( ebay, classified, auctions, ... ) and going up in swap meets, shows or specialised sales

a few years ago it was the opposite, it was cheaper to buy in flea market than on the internet
Posted By: Rjhart123 Re: Auction Thoughts (share live today) - Tue Oct 04 2016 12:22 AM
I think condition was off on several pieces in that auction plus I think Mecum sale coming up had a lot to do with some of the prices. Also just so happens the stuff I liked went high but oh well it was still fun to watch.
Posted By: Craig Osbeck Re: Auction Thoughts (share live today) - Tue Oct 04 2016 12:53 AM
I think that as people have stated here,
1) Tired of the increasing premiums.
2) Too much to auction in a short period of time.
3) Too much shipping cost.
4) Too high of prices with all the above.
5) Feel bad for the sellers also.

Just watch now and think of where else to sell or buy.
Posted By: Jack Sim Re: Auction Thoughts (share live today) - Tue Oct 04 2016 06:04 AM
This one go by me, what auction are we talking about?

Jack Sim
Posted By: Lastgas15 Re: Auction Thoughts (share live today) - Tue Oct 04 2016 11:54 AM
Jack, Morphy's had a 2 day sale.
Posted By: Donald D. Brock Re: Auction Thoughts (share live today) - Wed Oct 05 2016 11:07 PM
When selling your collection at Morphy, Mecum or BJ auction, does anyone know about what the percent commission is to the auctioneers?

Also, does the sale generate a 1099 requiring the seller to claim the proceeds as income?
Posted By: Done4 Re: Auction Thoughts (share live today) - Wed Oct 05 2016 11:47 PM
22% - yes - state tax.
Posted By: Donald D. Brock Re: Auction Thoughts (share live today) - Wed Oct 05 2016 11:54 PM
Originally Posted By Done4
22% - yes - state tax.

Dayum! That's a pretty big hit. I'd have to question if it was worth it or not. A little more time and trouble perhaps but personal promotion and private sales sounds like it could work out better each side of the transaction.
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