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#502746 - Sat Jan 04 2014 12:32 PM The Matthews / Morphy Auction Changes
Mike M. Offline
Veteran Member

Registered: Tue Jan 31 2012
Loc: Western, WI.
I have always enjoyed these auctions and great service but WOW!!

I guess we all knew the merger would bring changes.

Matthews auction Iowa gas 2013.... 15% buyers premium discounted to 10% for cash or Check.

Matthews/Morphy auction Peotone 2014.... 20% buyers premium with a 2% discount for cash or check.

8% increase for cash or check is going change my auction practices.

Well IMO it's going to cost us more to Enjoy the auctions, that's for sure.

I guess I always thought with petroleum collectables going for more and more, causing the buyers premium to be much higher $$$$$ plus add the sellers premium, you would think this would control overhead costs easily.

Again just my opinion but we already have been paying you more each years in buyers premiums as prices climb...
_________________________
Thanks
Mike

Always Looking for any Pure Oil and Sunoco Items.

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Please use For Sale forums to sell

Please - NO offers to Buy or Sell in this forum category

Statements such as, "I'm thinking about selling this." are considered an offer to sell.
#502748 - Sat Jan 04 2014 12:52 PM Re: The Matthews / Morphy Auction Changes [Re: Mike M.]
Chevrolet SS Offline
Veteran Member

Registered: Sun Apr 03 2011
Loc: DeKalb, IL
OUCH!

It will never happen, but the thought process for consignors now should be I might actually put more dollars in my pocket selling my collection privately. Taking into account you owned something for 10-20 years and the auction company profits more than you do when it's sold. Just my opinion.


Edited by Chevrolet SS (Sat Jan 04 2014 12:59 PM)
_________________________
Ron Gordon
Cell: 815.762.2616
Email: flash03@comcast.net

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#502750 - Sat Jan 04 2014 12:55 PM Re: The Matthews / Morphy Auction Changes [Re: Mike M.]
PlainBroke Offline
Petro Enthusiast

Registered: Wed Mar 20 2013
Loc: Just South of Nowhere in IL
Bought several fairly high dollar items at Dan's auctions over the past 3 years. 10% I lived with, 18% probably not. I'll save my cash for the shows.
_________________________
Steve

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#502751 - Sat Jan 04 2014 01:01 PM Re: The Matthews / Morphy Auction Changes [Re: Chevrolet SS]
hotcidr Offline
Veteran Member

Registered: Fri Jul 27 2001
Loc: Carpinteria, Ca. USA
Thanks Mike and you are totally correct. Dan has gone over to the Dark Side and is screwing us in the process. Shame on you Dan and Morphy. This really takes the fun out for the "normal guy" who already has to bid against the high rollers. We are already paying inflated prices at the Matthews Auctions but this puts a whole new kick in our *****. I hope we do see the auctions decrease in popularity and we might see some killer deals through other avenues.
Ray

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#502759 - Sat Jan 04 2014 01:22 PM Re: The Matthews / Morphy Auction Changes [Re: hotcidr]
advertologist Offline
Veteran Member

Registered: Fri Sep 07 2007
Loc: So. Ca.
there going to shoot there self in the foot.. cool
_________________________
RANDY

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#502762 - Sat Jan 04 2014 01:29 PM Re: The Matthews / Morphy Auction Changes [Re: Dave Richey]
Dave's Garage Offline
Veteran Member

Registered: Mon Dec 05 2011
Loc: Abbotsford, British Columbia, ...
As the buyer's we control the money...hurt the greedy in the pocket book and they will change their tone.
_________________________
Dave GILL,
Dave's Garage & Memorabilia, Inc.

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#502763 - Sat Jan 04 2014 01:39 PM Re: The Matthews / Morphy Auction Changes [Re: Dave's Garage]
JUNK KING Offline
Veteran Member

Registered: Thu Feb 14 2013
Loc: Oklahoma
I already didn't like the extra cost involved with auction's.
This just guarantees that I won't buy anything from them.
_________________________
Seeking Knowledge and a Good Deal.
Always looking for neon signs and skins , Flying A ,& Wayne 60s.

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#502764 - Sat Jan 04 2014 01:39 PM Re: The Matthews / Morphy Auction Changes [Re: Dave's Garage]
huskybob Offline
Veteran Member

Registered: Fri Nov 16 2001
Loc: Near Tracy Rock
Here's the previous mention of the merge on OG.

http://oldgas.com/forum/ubbthreads.php?u...true#Post491875

And a link to the article in Morpy's Auction.

http://www.morphyauctions.com/node/2230

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#502782 - Sat Jan 04 2014 03:22 PM Re: The Matthews / Morphy Auction Changes [Re: huskybob]
buzzy56 Offline
Petro Enthusiast

Registered: Sat Nov 24 2012
Loc: Michigan
I was not going to air this on this site.Due to lack of any additional communication I am going to air my grievance.Purchased this quaker state oil can at Matthews online auction just before xmas.Graded a #8 by them.
Pictures as received with no damage to the shipping bx.Contacted them several times email.Finally Matthew customer contact stated she talked to Matthew and showed him the pictures of the damage and he was going to issue me a check for $6.00 LOL !Sent another email and told them that I don't think that amount was adequate for the inconvience and auction cost and shipping cost. Would you be happy with this and the offered remedy.First time bidding with them and might be the last.


Attachments
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P1010018 (300x225).jpg

P1010019 (300x225).jpg

P1010025 (300x225).jpg




Edited by buzzy56 (Sat Jan 04 2014 03:24 PM)
_________________________
Wanted TEXACO related items & SUNOCO related items .Signs -Globes et'c. Oil Cans - Grease cans .

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#502783 - Sat Jan 04 2014 03:23 PM Re: The Matthews / Morphy Auction Changes [Re: huskybob]
Steven C. Offline
Veteran Member

Registered: Fri Jun 01 2012
Loc: MICHIGAN
I'm not in the big time sign buying game like many here. But this strikes me as messed up. Did the cost of running an auction suddenly go up?? I seriously doubt it!!

And just a little thought, buyer premiums should be proportional to the selling price. Starting at 15% or so and going down as the price of the piece goes up. It doesn't cost any more to auction a 10K sign as it does a 1K sign. Yet the 10K buyer pays 10 times the price as the 1K buyer. Just doesn't make sense to me but I'm sure I'm just not as smart as some!
_________________________
Steve Coppens
Always interested in Sunoco items!
Really want a Sunoco National pump add glass!!

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#502788 - Sat Jan 04 2014 03:49 PM Re: The Matthews / Morphy Auction Changes [Re: Steven C.]
Jarvis Offline
Veteran Member

Registered: Wed Nov 01 2000
Loc: Evansville, In
We had this same discussion on this site many times. Last one was when it went from 10% to 15%. Here is my thought... Adjust your buying price for the increase in commission or don't bid on his auctions. No one likes increases plain and simple! You don't like it then don't buy or reduce your amount you were going to.

I don't understand why we even had stupid posts like this! Log off the site and walk away for a few days.

I don't understand why this site thinks it needs to bash Dan every chance it can. He is a very knowledgeable, well respected guy in this hobby. He has joined a very reputable auction company to draw a bigger crowd and try to grow this hobby.
_________________________
Looking for anything from Hoosier Pete, Platolene 500 and Red Bird.

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#502791 - Sat Jan 04 2014 04:10 PM Re: The Matthews / Morphy Auction Changes [Re: Jarvis]
dundign Offline
Veteran Member

Registered: Thu Nov 20 2008
Loc: El Cajon,Calif, USA
I think some of the people forget Dan Matthews is running a business… In business you are there to make a profit. !! Tom

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#502796 - Sat Jan 04 2014 04:16 PM Re: The Matthews / Morphy Auction Changes [Re: dundign]
s932 Offline
Company of the Month Host

Registered: Thu Jan 18 2007
Loc: cape girardeau. mo
I agree with Jarvis and dundign on this dan is a stand up guy and when I had a globe get broke in shipping he took care of it immediately. You also have to think dan is merging with another company and they may have already set the 20% commission on there auctions. Dan May have not had a say in it. In the end if you don't like it don't bid maybe I will get something cheaper.
_________________________
Originals only for me. Always looking for Simpson oil, Super A, and MFA oil cans and globes.
Shawn Morris

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#502798 - Sat Jan 04 2014 04:24 PM Re: The Matthews / Morphy Auction Changes [Re: Jarvis]
Mike M. Offline
Veteran Member

Registered: Tue Jan 31 2012
Loc: Western, WI.
Sorry Jarvis but if you don't like the thread, just ignore it!!

Maybe you have more disposable money than we do but 8% is a big increase for people who spend thousands at these Auctions and if we don't say anything, it will get worse.

Looking at what I spent at Iowa's auction last year, I would of come home with a few less signs and I don't have to Like that.

As for Dan, he's a great guy. I think they run a great auction and always provide great service but again as I explained above 8 % is a big hit when you spend good money at these auctions.

This was a thread about the increase in fees not to bash Dan
_________________________
Thanks
Mike

Always Looking for any Pure Oil and Sunoco Items.

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#502801 - Sat Jan 04 2014 04:29 PM Re: The Matthews / Morphy Auction Changes [Re: s932]
K W FRITH Offline
Veteran Member

Registered: Sun Oct 21 2007
Loc: Devils Lake, ND---USA
Originally Posted By: s932
In the end if you don't like it don't bid maybe I will get something cheaper.


I don't believe anyone has any issues with Dan or his abilities to conduct a great auction, but no one seems to be thinking about the consigner!
Higher buyers commission WILL result in personal adjustments on bid amounts and this translates directly into lower prices received by the consigner.
As an online buyer, when I buy at an auction with a buyers premium, I have a card made out that tells me just what my actual bid is. That way, I don't get caught in the moment and forget what I'm really paying! Higher buyers premium will be causing me to further adjust my bids to cover this additional cost and translate into less monies received by the consigner.
I don't know where all of this will take us, as a hobby, but I don't like it!
_________________________
Everything Cities Service
Specializing in old Gas Pumps
kwfrith@gondtc.com
Cell#-701-739-6133

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#502803 - Sat Jan 04 2014 04:37 PM Re: The Matthews / Morphy Auction Changes [Re: Mike M.]
Jarvis Offline
Veteran Member

Registered: Wed Nov 01 2000
Loc: Evansville, In
Mike, I don't post nothing like I used to and do pass any many posts but this post is nothing but a bunch of complaining that will get no where.
You don't like the increase call Dan himself! Call Dan morphy and complain. Nothing is going to happen complaining on this website!
_________________________
Looking for anything from Hoosier Pete, Platolene 500 and Red Bird.

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#502805 - Sat Jan 04 2014 04:40 PM Re: The Matthews / Morphy Auction Changes [Re: K W FRITH]
J.E.Radebaugh Offline
Petro Enthusiast

Registered: Fri Jan 04 2002
Loc: Gracey, Kentucky
Matthews Auction has made themselves into the premium auction house for gas and oil stuff. No one can argue that Matthews has auctioned some great stuff, and I don't mind having pay to play to add some great things to my collection (10% is fair).

It seems now because of their success the collector is the one who has to pay (and the collectors are the ones that have in part facilitated their success with consignments and purchases).

Just my opinion.
_________________________
Jamie

Collecting Texaco and Havoline Signs, Cans, and Giveaways.
texacosigns@gmail.com

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#502806 - Sat Jan 04 2014 04:42 PM Re: The Matthews / Morphy Auction Changes [Re: Mike M.]
Dave Richey Offline
Veteran Member

Registered: Mon Nov 24 2008
Loc: Pearl Mississippi USA
Why do we need to "grow this hobby"? As every (yes, a generalization)sport, hobby, etc. has attracted more of the "outside world", its enjoyability factor has been diluted and the costs of participation have skyrocketed. We already see an influx of people in it solely for the money and look at the effect that is having even upon our relatively small corner of the world. Many people, myself included, would never have been able to build a collection of any size in a climate of today's constantly escalating prices and fees. Add quite expensive third party shipping to these costs and there you go again. How about local and state sales taxes??? Suddenly we are knocking on 40%. Not a stupid nor insignificant concern from my viewpoint.
_________________________
Collecting the Mississippi companies:
Billups, Southland, Rose Oil,Crystal Oil, Barq's

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#502814 - Sat Jan 04 2014 04:55 PM Re: The Matthews / Morphy Auction Changes [Re: Dave Richey]
KZ1000 Offline
Veteran Member

Registered: Sun Oct 21 2007
Loc: Mass
That is why eBay is still the #1 choice for selling . Ebay fees are still by far the most reasonable worldwide.
_________________________
"Remember, history that is forgotten is doomed to repeat itself!"

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#502817 - Sat Jan 04 2014 04:55 PM Re: The Matthews / Morphy Auction Changes [Re: K W FRITH]
carolinaskies Offline
Veteran Member

Registered: Tue Feb 08 2011
Loc: Upstate SC, USA
It's sad when an established auction changes in this manner. The excuse of course is the "value added" by the auction house advertising and handling of merchandise.

It will affect some bidding no doubt, but for those whose deep pockets are like running water they won't care. The higher value pieces will bring more money and the lower value pieces will result in the consignor potentially making less money as those who bid will stop sooner.

As a picker I don't attend many sign auctions because of buyers premiums, or when I do I simply bid taking that premium into consideration. More collectors will be doing the same at this auction house now.
_________________________
Checkout my items for sale on Pauls Picks on Facebook.

Collecting anything keeps you young at heart!

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#502825 - Sat Jan 04 2014 05:18 PM Re: The Matthews / Morphy Auction Changes [Re: carolinaskies]
BryceG Offline
Veteran Member

Registered: Mon Jan 28 2013
Loc: Peoria, IL
this is the first I have heard of the increase... and I'm not too happy to hear it either. I would challenge everyone to at least mention some of this dissatisfaction to Dan himself at Columbia. and I wouldn't mind hearing from Dan as well, sometimes an explanation will help ease the pain.

i always understood the buyers premium for online & absentee bids... if you cant be there, you should have to pay for the service of off-site bidding. But an 18% premium on cash purchases on-site? That is higher than most the other auction companies, including huge ones like RM, etc.
_________________________
Wanted: Sweney Oil items - Peoria, IL

See some of my collection & Items for sale...
www.OnceAlwaysPetro.com

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#502828 - Sat Jan 04 2014 05:27 PM Re: The Matthews / Morphy Auction Changes [Re: Jarvis]
blacktee Offline
Veteran Member

Registered: Mon Jan 17 2005
Loc: Saline, Mi USA
Originally Posted By: Jarvis
Mike, I don't post nothing like I used to and do pass any many posts but this post is nothing but a bunch of complaining that will get no where.
You don't like the increase call Dan himself! Call Dan morphy and complain. Nothing is going to happen complaining on this website!


I'm about as tired of hearing you don't post much anymore Jarvis, as you are thinking we're bashing Dan. You over blow things every time you post. No body her is bashing Dan M. There's nothing wrong with this thread, that's what oldgas is for. You don't like it, move on! Do you have stock with Dan ? This is just like the cable company. You don't see Social Security checks going up 8% a year.

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#502832 - Sat Jan 04 2014 05:33 PM Re: The Matthews / Morphy Auction Changes [Re: blacktee]
Wes Maxwell Offline
Veteran Member

Registered: Fri Oct 15 2004
Loc: Central Ohio
I would be surprised if Dan had a say in the 20% buyers premium. I may be wrong but the way I understand it, Dan is working for Morphys? I also thought the auction company is the one that set the percentages. I do not seeing Dan as doing the rate increase. He had a good set up going, I do not see why he would change it that much if he was in control of it. I myself try to figure what my top amount for an item is, figure the premiums and tax and whatever else and adjust my bid from there.
_________________________
US Air Force Retired, 1981-2007

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#502838 - Sat Jan 04 2014 05:43 PM Re: The Matthews / Morphy Auction Changes [Re: carolinaskies]
hotcidr Offline
Veteran Member

Registered: Fri Jul 27 2001
Loc: Carpinteria, Ca. USA
I don't really blame Dan himself but he has been our friend for some time now. He has collected 10% from consignor and 10% from buyer which translates to 20%...some pretty good money. Now I agree with Jarvis, Dan is probably caught in the middle and Morphy is the one making this change but it does trickle down to us who now have to pay 8% ADDITIONAL to buy a sign. I wish I could charge 20% commission on my insurance sales. I hope they take a re-look on this. I haven't seen what they are going to do to the poor phone or internet bidder however as one person put it that makes sense if you can't be there and it is an extra service
Ray

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#502846 - Sat Jan 04 2014 06:08 PM Re: The Matthews / Morphy Auction Changes [Re: Steven C.]
racecop Offline
Petro Enthusiast

Registered: Sun Mar 12 2006
Loc: The Hawkeye State, Iowa
I agree. I didn't buy a lot on the auctions before and when I did I have calculated my bids lower to cover the fees. These new fees are crazy.

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#502847 - Sat Jan 04 2014 06:15 PM Re: The Matthews / Morphy Auction Changes [Re: racecop]
BryceG Offline
Veteran Member

Registered: Mon Jan 28 2013
Loc: Peoria, IL
Dan is a good person, but he has to take some ownership/blame for this as well. He entered an agreement with Morphy... and he is responsible for that agreement. I just really feel sorry for the cosigners... as they will be hit the hardest. I can change my bidding to adapt to the increase, but any way you look at it - it impacts the cosigners the most.

So I wonder what proxibid users premium will be... most likely 23-25%, ouch!
_________________________
Wanted: Sweney Oil items - Peoria, IL

See some of my collection & Items for sale...
www.OnceAlwaysPetro.com

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#502852 - Sat Jan 04 2014 06:38 PM Re: The Matthews / Morphy Auction Changes [Re: BryceG]
Man-Cave-Shoppe Dave Offline
Veteran Member

Registered: Thu Nov 01 2012
Loc: www.mancaveshoppe.com email:bi...
Some auctions charge 10% buyers fees and they charge 30%ish seller fees that equates to 40%ish.
I've seen that BJ auction does 20% buyer and a lesser 20% sellers fee.

Most of the time when the buyers fees are higher the sellers fees are lower and vise versa so that the auction house ends up with around 40% of the total sale.
The more "mom and pop" auction houses usually end up at 30%.
Eslay totals end up at around 30%, including payfiend fees, for the seller but none for the buyer.
It all just depends on what the auction houses' policies are and more of them are going for the bigger profit for them.
Eslay has introduced a new concept for auctions in that there are no fees for the buyer and all relies on the seller paying them, and many have gotten very comfortable with that system.
Which method is best for you, as a buyer, is up to you to do your due diligence and figure it out before bidding, unless you don't care and have a lot of disposable income.
_________________________
Dave(509)847-5893 LOOKING-4:WELDING SIGNS,Charter/Finance/PulOil/Trulite/TruTest-Oil,FREEDOM cans,True's gas CORALINE/RAINBOW,FLYING A,Wa/Or/Id Chief!

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#502853 - Sat Jan 04 2014 06:39 PM Re: The Matthews / Morphy Auction Changes [Re: hotcidr]
bppierce Offline
Petro Enthusiast

Registered: Sun Aug 19 2007
Loc: Round Rock, Texas
Well, I'm bummed out. I thought this was a good thread until I found out that we aren't supposed to post anything that doesn't give us a warm fuzzy feeling. This is informative as the subject affects everybody’s pocket book and may affect a beloved auction. It seems to me, if you don't like a particular subject/thread, don't join it.

As prices in the hobby go up, so does the take for the auction house even when the premiums remain the same. The only reason premiums should rise is if the auction house itself is offering more to its customers (buyers and sellers). It's going to be interesting to see if that materializes.

I'm with K W on this; the sellers (consigners) are going to have the biggest impact. The bidders have to make the choice of how high they want to bid taking into account the extra premium and will probably pay the same in the end (bid + premium), but the consigners are going to see 10% less on their sale. I didn't see on their site if the seller’s premium has gone up, but as it stands now, the auction house gets 30% of every item sold. Personal opinion is that’s kinda greedy, but we live in a capitalist society and they have that right and we have the option of participation.

I wouldn’t put my $5,000 sign in their auction now, I just lost $500 more dollars.


Edited by bppierce (Sat Jan 04 2014 06:47 PM)

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#502863 - Sat Jan 04 2014 07:12 PM Re: The Matthews / Morphy Auction Changes [Re: bppierce]
hancock-oil Offline
Petro Enthusiast

Registered: Thu Nov 27 2008
Loc: San Jose Ca us
Maybe another auction house might take petroliana away from them!
Aumann could make a come back????
_________________________
West Coast signs, globes and quarts

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#502865 - Sat Jan 04 2014 07:25 PM Re: The Matthews / Morphy Auction Changes [Re: hancock-oil]
PlainBroke Offline
Petro Enthusiast

Registered: Wed Mar 20 2013
Loc: Just South of Nowhere in IL
Competition is good for the pocketbook.
_________________________
Steve

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#502866 - Sat Jan 04 2014 07:25 PM Re: The Matthews / Morphy Auction Changes [Re: Jarvis]
Tbirdgas Offline
Veteran Member

Registered: Sun Aug 12 2012
Loc: Wa
Originally Posted By: Jarvis
Mike, I don't post nothing like I used to and do pass any many posts but this post is nothing but a bunch of complaining that will get no where.
You don't like the increase call Dan himself! Call Dan morphy and complain. Nothing is going to happen complaining on this website!


Kinda like the Same People Over and Over Again complaining about Repops and Not Going to Post Anymore

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#502879 - Sat Jan 04 2014 08:13 PM Re: The Matthews / Morphy Auction Changes [Re: Tbirdgas]
Shotzy13 Offline
Petro Enthusiast

Registered: Fri Aug 13 2010
Loc: North Carolina
I wonder if they are still going to post the disclosure to be able to see any maximum pre-bids left and/or also permit bids to be placed by the auctioneer, an employee of the auctioneer, or the seller or an agent on the seller's behalf. If so, then add that along with the 8% increase in buyers fee and you really are going to see a difference.

So when they sell a high end sign such as the Beacon Oil sign that went for I believe $50,000 and they are charging a 20% seller's fee and a 20% buyer's fee they would make $20,000? One one sign? Wow.


Edited by Shotzy13 (Sat Jan 04 2014 10:38 PM)

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#502884 - Sat Jan 04 2014 08:20 PM Re: The Matthews / Morphy Auction Changes [Re: Shotzy13]
Chevrolet SS Offline
Veteran Member

Registered: Sun Apr 03 2011
Loc: DeKalb, IL
Originally Posted By: Shotzy13
So when they sell a high end sign such as the Beacon Oil sign that went for I believe $50,000 they would make $20,000? One one sign? Wow.


$5,000 less profit...feel better laugh
Sellers Premium @10% = $5,000
Buyers Premium @20% = $10,000


Edited by Chevrolet SS (Sat Jan 04 2014 08:25 PM)
_________________________
Ron Gordon
Cell: 815.762.2616
Email: flash03@comcast.net

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#502887 - Sat Jan 04 2014 08:32 PM Re: The Matthews / Morphy Auction Changes [Re: Chevrolet SS]
Shotzy13 Offline
Petro Enthusiast

Registered: Fri Aug 13 2010
Loc: North Carolina
Not really... frown
So they only charge a 10% seller's fee?


Edited by Shotzy13 (Sat Jan 04 2014 08:32 PM)

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#502893 - Sat Jan 04 2014 08:49 PM Re: The Matthews / Morphy Auction Changes [Re: Shotzy13]
K W FRITH Offline
Veteran Member

Registered: Sun Oct 21 2007
Loc: Devils Lake, ND---USA
Not really is right! You've also got the second place bidder that quit 10% early because of the additional funds he would have to spend!
_________________________
Everything Cities Service
Specializing in old Gas Pumps
kwfrith@gondtc.com
Cell#-701-739-6133

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#502896 - Sat Jan 04 2014 08:59 PM Re: The Matthews / Morphy Auction Changes [Re: K W FRITH]
hotcidr Offline
Veteran Member

Registered: Fri Jul 27 2001
Loc: Carpinteria, Ca. USA
I also see Aumann coming back and if they stick with the "normal" fees all the best to them.

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#502897 - Sat Jan 04 2014 09:03 PM Re: The Matthews / Morphy Auction Changes [Re: hotcidr]
Tbirdgas Offline
Veteran Member

Registered: Sun Aug 12 2012
Loc: Wa
Originally Posted By: hotcidr
I also see Aumann coming back and if they stick with the "normal" fees all the best to them.


Ditto that!!

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#502901 - Sat Jan 04 2014 09:15 PM Re: The Matthews / Morphy Auction Changes [Re: Tbirdgas]
Dick Bennett Offline
Veteran Member

Registered: Wed Oct 25 2000
Loc: Santa Paula, Calif
Just might have to sell on ebay & only accept Credit Cards, NO PayPal.
OR Sell on OG W/O the fees & ask 3X what anything is worth [to keep my customers HAPPY!].
_________________________
Reproduction/Fantasy Cans
http://i124.photobucket.com/albums/p2/oldegaspump/AllCansMASTERTHUMBNAIL_zps4bfdbbc7.jpg
Rnd Can Re-lids


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#502906 - Sat Jan 04 2014 09:29 PM Re: The Matthews / Morphy Auction Changes [Re: Dick Bennett]
Dave Richey Offline
Veteran Member

Registered: Mon Nov 24 2008
Loc: Pearl Mississippi USA
Gotta get a return on the buyout somehow.....
_________________________
Collecting the Mississippi companies:
Billups, Southland, Rose Oil,Crystal Oil, Barq's

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#502920 - Sat Jan 04 2014 10:19 PM Re: The Matthews / Morphy Auction Changes [Re: Dave Richey]
Craig Osbeck Offline
Veteran Member

Registered: Tue Jan 06 2009
Loc: Portland Oregon
I know Dan from purchasing and selling at HIS auctions, and there is no reason for any complaint from me. The high auction premiums have as I have said for years now slowed my purchase power down, but that is my decision. I have personally witness auctions with low premiums and no internet and they did very very well. As spoken here by many, either you re-adjust or just look to other venues.
But do not go after the guy who has treated us well for many years and happily picked up the phone to answer questions and offer help.
_________________________
Craig

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#502957 - Sun Jan 05 2014 05:41 AM Re: The Matthews / Morphy Auction Changes [Re: Craig Osbeck]
Maxgas Offline
Petro Enthusiast

Registered: Sun Sep 25 2011
Loc: Augusta, Maine, USA
My two cents...
Dan is Good!
Capitalism Good!
Any auction fee increases above current levels...BAD!
Complaining relevant to or hobby. excepted and a pertinent topic.
OG topic with more the 2 pages ...
Good for everyone here who loves the hobby. That's why we are all on here on a Saturday night and not doing other less healthy or productive things. Cheers and see you all out there. Get to an event and Bring cash. No shipping or extra fees!


Edited by Maxgas (Sun Jan 05 2014 05:50 AM)
Edit Reason: wording
_________________________
-MAXGAS-
Looking for Independent Gas & Oil, Oilzum,& Early FORD dealership items.

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#502973 - Sun Jan 05 2014 08:11 AM Re: The Matthews / Morphy Auction Changes [Re: Mike M.]
gmstuff Offline
Petro Enthusiast

Registered: Mon Jan 22 2007
Loc: Elkridge, MD, US
For those not willing to participate in the auctions, here's a list of plenty of ways to spend your cash, with out any other fees.... Get out and enjoy some shows, you might learn something...


Oldgas Events Page

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#502989 - Sun Jan 05 2014 09:11 AM Re: The Matthews / Morphy Auction Changes [Re: gmstuff]
tomzcollectiblez Offline
Veteran Member

Registered: Sun Feb 26 2006
Loc: La Porte, In
Ive personally known Dan Matthews for almost 15 years now.
I have watched several of you guys SLAM him every chance possible over the years and this is NO different!
The man took a job proposal or whatever to better HIS life!
If Morphy charges more then TAKE IT UP WITH HIM! I bet morphy would be glad to discuss this...He too is a great guy!
Ive been to auctions ALL OVER and seen premiums from 0-22% usually PLUS tax!
I SIMPLY adjust my bids accordingly! Just like ebay, I take the shipping charges into consideration when I bid!
Dan Matthews has bent over backwards for me on several occasions.
Sold items on short notice, held items until next show for FREE to avoid shipping fees,
let me pay the next day when I arrived at show, picked up items from other collectors to deliver to me, etc...etc...
Nobody likes change BUT IT MUST HAPPEN to progress in life smile
Funny how the same guys crying will be front and center at the auction kissing his butt or sitting home waiting for his call when their item sells....LOL
Here is dan morphy's auction info! If your truly sincere with voicing your concerns on his premiums, then take it up with him!
Morphy Auctions
2000 North Reading Road
Denver, PA 17517
Phone 717-335-3435
Fax 717-336-7115
Hours
Open 7 Days A Week
9AM - 4PM

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#502991 - Sun Jan 05 2014 09:25 AM Re: The Matthews / Morphy Auction Changes [Re: tomzcollectiblez]
blacktee Offline
Veteran Member

Registered: Mon Jan 17 2005
Loc: Saline, Mi USA

SOS


Edited by blacktee (Sun Jan 05 2014 09:34 AM)

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#502993 - Sun Jan 05 2014 09:36 AM Re: The Matthews / Morphy Auction Changes [Re: blacktee]
s932 Offline
Company of the Month Host

Registered: Thu Jan 18 2007
Loc: cape girardeau. mo
Well said Tom
_________________________
Originals only for me. Always looking for Simpson oil, Super A, and MFA oil cans and globes.
Shawn Morris

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#502997 - Sun Jan 05 2014 10:05 AM Re: The Matthews / Morphy Auction Changes [Re: s932]
PlainBroke Offline
Petro Enthusiast

Registered: Wed Mar 20 2013
Loc: Just South of Nowhere in IL
You know guys, looking through this thread I really don't see a whole lot of posts that are laying this on Dan. The main thrust of all this is that we as collectors and protectors of this hobby who are in it for the love of this stuff (most of us grew up living in it) find that our hobby is being hijacked by profiteers, scammers and others who have a negative impact by driving prices much higher than what would be considered "reasonable" among our community. The increase in auction house fees just adds more fuel to the frustration. Morphy has every right to maximize their business anyway they see fit but the reality of it is that they will lose many auction bidders that simply cannot and will not pay the additional fees. Whether the loss of those bidders will have any significant impact on their business or the consignees is yet to be determined. In the meantime we will all continue to pursue exciting finds and trades within our community and at various shows across the country. Will I say today that I will boycott Morphy's auctions - probably not. But my ability to play in that arena will certainly be scaled back significantly. This stuff is still our there and although getting a tad bit harder to come by we see stuff still surfacing everyday on this site, most of which is being bought at "reasonable" prices. So to sum it up, the majority of these posts are not trashing Dan, he has been and will continue to be a good friend to hundreds of us on this site despite what Morphy decides to do with their business. And who knows, maybe Dan will be the advocate for the hobby that we think he is and cause a change of heart among the decision makers at Morphy's and reverse this new policy. Hell, our beloved government does it all the time. BTW, can't anyone find me a damn Phillips double bubble clock?
_________________________
Steve

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#503002 - Sun Jan 05 2014 10:28 AM Re: The Matthews / Morphy Auction Changes [Re: PlainBroke]
scottpcm Offline
Petro Enthusiast

Registered: Sun Sep 30 2001
Loc: LaGrange, Ohio
Dan is a class act and saw an opportunity and took it we all can agree to that. Yes Morphy charges more at their auctions but who knows, maybe that will help curb prices a bit that I feel are getting way out of hand again. Anyway there are many venues to buy items out there and that makes the hunt fun! Scott B.

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#503006 - Sun Jan 05 2014 10:35 AM Re: The Matthews / Morphy Auction Changes [Re: scottpcm]
Oldgas Offline
Moderator

Registered: Tue Jul 25 2000
Loc: South of St. Louis, MO USA
I think we all trust Dan. He has done a great job all along building his specialty in the auction business.

I know that over the years my employer didn't always do things the way I would have liked, but it was his name over the front door. We did things his way. Dan is working for Morphy. They set the rates. If you don't like it, adjust your actions to fit within your comfort zone. When Dan comes up with his usual great items, we'll see who can hold back. Just sayin'.
_________________________
Jim "Oldgas" Potts
Your host and moderator

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#503007 - Sun Jan 05 2014 10:42 AM Re: The Matthews / Morphy Auction Changes [Re: Oldgas]
Ohio Oil Offline
Veteran Member

Registered: Fri May 23 2003
Loc: Northwest Ohio
It's all reletive. One of my best friends just lost his father and had to settle the estate. Two local aucion companies were contacted to explore various options.

Both auction companies price structure was 33% of final value. My guess is that's pretty typical.

The day has long passed that you are going to get a smokin hot deal at a well advertised auction. Plan to grow your collection accordingly.

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#503021 - Sun Jan 05 2014 11:37 AM Re: The Matthews / Morphy Auction Changes [Re: Ohio Oil]
hotcidr Offline
Veteran Member

Registered: Fri Jul 27 2001
Loc: Carpinteria, Ca. USA
Why hasn't Dan or Morphy posted some statement here? Yes, we are all friends of Dan's however he had to know, going into this deal, that WE were going to get screwed in the end. Our signs have grown in value just like cars at auction. All of the car auctions still charge 10% including BJ

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#503029 - Sun Jan 05 2014 12:09 PM Re: The Matthews / Morphy Auction Changes [Re: hotcidr]
Oldgas Offline
Moderator

Registered: Tue Jul 25 2000
Loc: South of St. Louis, MO USA
If you would like to hear Dan's point of view, contact him directly. Not always wise to jump into a dramatic forum topic like this.
_________________________
Jim "Oldgas" Potts
Your host and moderator

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#503197 - Sun Jan 05 2014 08:36 PM Re: The Matthews / Morphy Auction Changes [Re: hotcidr]
Mattgas Offline
Petro Enthusiast

Registered: Sat May 05 2007
Loc: Nokomis, Il. USA
I don't type letters, I speak words, if you want a response from me call.

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#503201 - Sun Jan 05 2014 08:43 PM Re: The Matthews / Morphy Auction Changes [Re: Mattgas]
Mattgas Offline
Petro Enthusiast

Registered: Sat May 05 2007
Loc: Nokomis, Il. USA
Also if you want to talk to Dan Morphy Tommy gave you his number, call it.

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#503211 - Sun Jan 05 2014 09:24 PM Re: The Matthews / Morphy Auction Changes [Re: Mattgas]
Craig Osbeck Offline
Veteran Member

Registered: Tue Jan 06 2009
Loc: Portland Oregon
exactly.
_________________________
Craig

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#503234 - Sun Jan 05 2014 11:01 PM Re: The Matthews / Morphy Auction Changes [Re: Craig Osbeck]
Pegasus Offline
Moderator

Registered: Sat Mar 22 2003
Loc: DFW metro area
Guess I was smarter than you all thought......selling my collection at auction last year at Columbus and Des Moines. You remember those auctions......way back in the days when buyers premiums were only 10%. The low fees probably explain why the buyers in total paid at least 45% more for the items than I paid for them. I'm sure we'll all look back on those days with fond memories......I sure will!!

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#503266 - Mon Jan 06 2014 06:52 AM Re: The Matthews / Morphy Auction Changes [Re: Pegasus]
olddutchgas Offline
Veteran Member

Registered: Mon Mar 10 2003
Loc: Holland, MI
Great topic!! I enjoy reading the different perspectives about the buyers premium. It is very obvious that many of those who posted are also knowledgable about the expense side of running an auction firm.

With all the knowledge and wisdom displayed in this post I would be surprised if we don't see 2 or 3 of our Oldgas members start up their own auction firms in the coming year. Of course none of them will charge a buyers premium and we as members will all flock to their auctions and support them and they will be very sucessful.

That will teach those big auction firms a lesson!

I also like to wish everyone a Happy and Prosperous New Year!

Lonnie Hop
_________________________
Wanted: Ripple Body Globes, picture globe, any Dixie Distributors keyhole gas pump globe and ANYTHING from Old Dutch Refining, Muskegon, MI Musgo sign

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#503277 - Mon Jan 06 2014 09:11 AM Re: The Matthews / Morphy Auction Changes [Re: olddutchgas]
TC Offline
Petro Enthusiast

Registered: Fri Jan 11 2008
Loc: Brantford,Ontario, Canada
In my opinion the auction companies are making enough if they deal with a percentage of sales. With no buyers premium the prices would be higher and so would their cut. Nothing worse than checking out and being nailed with the premium and taxes to boot. Why are some companies like Millers offering great items with NO BUYERS PREMIUM? We the buyers are already paying a buyers premium by bidding on the item in auction. The idea of auction is to sell to highest bidder not to be nailed with fees. Somewhere in this post its states about 30% commission plus 20% buyers premium. Not bashing anyone but its getting ridiculous. Barrett Jackson doesn't charge that much selling and buying, in the 15% total charge. But I stand to be corrected. Enough said,Ted

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#503287 - Mon Jan 06 2014 10:03 AM Re: The Matthews / Morphy Auction Changes [Re: TC]
Jarvis Offline
Veteran Member

Registered: Wed Nov 01 2000
Loc: Evansville, In
Something everyone keeps forgetting is there are consignee fees and buyers fees.
Barett Jackson has a consignee fee and a buyers fee. There fee depends on day of auction and where it's at.

I am sure millers has both fees also... unless you work there or know there fees maybe the consignee is paying a 20%-30% fee and buyer is paying 0%?

The auctioneers are going to get paid somewhere. Someone like Morphy and Matthews are well known auction companies with Dan being a specialist in gas and oil. Does him being a specialist and knowing the hobby make him worth more? That is up to everyone personally. Would you rather buy a sign, can or globe from him or some auctioneer that doesn't have a clue what he has?
I seen Aumann Auctions mentioned... Does Aumann's have anyone that knows gas and oil since Dan left? Dan is what put Aumann's on the map for selling gas and oil!

I know from personal experience that talking to a auctioneer that doesn't have a clue what they have is very scary. Ever buy something from them and wonder how they are going to ship it?

I know local auction companies do a great job auctioneering and have low fees. Do they advertise where they need to? Do they have a following of buyers for gas and oil? Will there signs bring what Dans does?

No one likes a hike in fees... trust me i don't like higher fees! I will still buy from people i trust in this hobby if you can't buy it in person. I will just need to decide if i want to pay $1000 for a item that my bid needs to be $850 to pay $1000 for it.
_________________________
Looking for anything from Hoosier Pete, Platolene 500 and Red Bird.

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#503299 - Mon Jan 06 2014 11:06 AM Re: The Matthews / Morphy Auction Changes [Re: Jarvis]
Dave's Garage Offline
Veteran Member

Registered: Mon Dec 05 2011
Loc: Abbotsford, British Columbia, ...
I owned a local auction house. We were doing $100,000-$150,000 dollar auctions once a month.

Done properly it is a pretty good business model with very good profits. I had 20% sellers premium and 10% buyers premium.

-That's a 30% profit margin.
-With "0" money tied up in inventory. Any other business moving $150,000.00 worth of merchandise would be carrying $500,000.00 to a million dollars of inventory to realize that kind of sales.
-"0" receivables everyone pays at the time of the sale.
-Very little staff requirements. 95% of you staff is part-time only the day of the sale and the following day they are required.
-Customers pay all shipping costs to and from the auction.
-Your customers assume all the risk. i.e. poor or soft sale, theft or damage to items.

As you can see it's a pretty good gig with minimal risk and maximum profit margins. Not a struggling industry. In my opinion, this is more about profits then necessity. Like anything else, everyone wants to make the most money while the going is good.....
_________________________
Dave GILL,
Dave's Garage & Memorabilia, Inc.

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#503351 - Mon Jan 06 2014 02:10 PM Re: The Matthews / Morphy Auction Changes [Re: Dave's Garage]
Mike M. Offline
Veteran Member

Registered: Tue Jan 31 2012
Loc: Western, WI.
Again I didn't start this thread to bash Dan or Matthews auctions. I wanted to know if they had told anyone why the increase??
I will call and talk to Dan but as a business owner myself, If I raised prices 8% without a statement as to why, my customers probably wouldn't call me. They would be ***** and move onto another shop for their work.
I read the statement released by Matthew / Morphy auctions about the merger when it came out and felt, Good for Dan!! I would have understood this (and still might not of liked it) if in that statement they had explained that there would be an increase in the future. Finding it out when I read the ad in this months PCM was a surprise that made me feel Morphy was trying to slip one by us.
This is a hobby we all enjoy and hope that it keeps going to the next generation and any increases in costs always make me wonder will it keep going.
Again I know costs are going up but I don't have to like it, but I do like when someone takes time to explain why!!!

As for Millers Auctions, (No buyers premium in House) they are very good to deal with and I look forward to spending money there in February.

http://www.millersauctionco.com/

http://www.auctionzip.com/cgi-bin/photopanel.cgi?listingid=1691371&category=0&zip=&kwd=
_________________________
Thanks
Mike

Always Looking for any Pure Oil and Sunoco Items.

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#503638 - Tue Jan 07 2014 06:51 PM Re: The Matthews / Morphy Auction Changes [Re: Mike M.]
hotcidr Offline
Veteran Member

Registered: Fri Jul 27 2001
Loc: Carpinteria, Ca. USA
My last word on this. I've sold cars at Barrett Jackson, 10% consignor fee and 10% buyer fee. Dan charged these same percentages for a total of 20%, not bad. Once again, with the prices going through the roof this 20%, pretty much total profit, was not bad. This additional 8% is only hurting us, the buying public. A small increase of, say, 2% or 3% would not have caused this uproar and I for one would have excepted it and gone on but count me out on bidding unless someone else jumps into the auction business
Ray

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#503645 - Tue Jan 07 2014 07:46 PM Re: The Matthews / Morphy Auction Changes [Re: hotcidr]
s932 Offline
Company of the Month Host

Registered: Thu Jan 18 2007
Loc: cape girardeau. mo
Ray I just looked at Barrett Jackson's buyers premium and for automobila it's 15% and I would have to pay $500 just to have the right to bid. So if you look at it like that I would rather pay the 20% after I buy than pay $500 up front for a chance to buy.
_________________________
Originals only for me. Always looking for Simpson oil, Super A, and MFA oil cans and globes.
Shawn Morris

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#503698 - Tue Jan 07 2014 10:01 PM Re: The Matthews / Morphy Auction Changes [Re: s932]
Tankar Offline
Veteran Member

Registered: Thu Oct 30 2008
Loc: MN United States
One thing to remember, At Barrett there are probably more billionaires there then anything so 500 is chump change to them. The time I was there some guy bought a Sinclair pump plate for 350 plus premium. I knew I was screwed for buying anything.

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#503736 - Wed Jan 08 2014 07:09 AM Re: The Matthews / Morphy Auction Changes [Re: Tankar]
mdmike Offline
Active Member

Registered: Fri Jun 01 2007
Loc: Maryland, USA
After reading all of the comments made about Dan Matthews & Morphy's Auctions, I called and spoke to Dan Matthew yesterday. I told him that he was being strung up by the Old Gas lynch mob and that Morphy's was also being treated the same way. Dan indicated that very few people have called him and no one has called Morphy to discuss their concerns. Maybe it's me, but comparing the fees charged by Morphy's to Barrett Jackson's is like comparing apples to oranges. Most of the crowd who buy at the BJ auction are the lucky ones who don't have to worry about fees or what they spend. The BJ auction is an unrealistic event that most of the collectors may never be able to participate in.

No one auction company, swap meet or internet site forces a person to collect/sell, it's your choice as to where one participates. If you don't like the fees, call the auction company. When at a swap meet the same applies to an item for sale. If you can't come to an agreed price then just move on. No one is holding a gun to your head to make any purchase. Voice your concerns to Morphy's and we will see how it plays out.

Attending swap meets is a great way to buy/sell your items. Meeting other people in the hobby is good for information and making strong friendships.

Dan Matthew has been a great friend to me since his days at Aumann Auctions and I for one completely understand why he has merged with Morphy's, but bashing him for not making comments on this site is a no-win situation. No matter what he says will satisfy all who are questioning the fees being charged by the company he now works for. With Dan's knowledge, integrity and his contacts made over the last 17+ years, I feel that he will continue to bring items to auction that many have never seen or had the opportunity to purchase.

Keep in mind that YOU are the ONE who decides where & how much you will spend your collecting dollars.

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