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Auction Thoughts (share live today)
#667918 Mon Oct 03 2016 09:31 AM
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BryceG Offline OP
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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.


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Re: Auction Thoughts (share live today)
BryceG #667923 Mon Oct 03 2016 10:09 AM
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common globes also seem to be going for good deals


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Re: Auction Thoughts (share live today)
BryceG #667924 Mon Oct 03 2016 10:32 AM
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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.

Re: Auction Thoughts (share live today)
BryceG #667925 Mon Oct 03 2016 10:41 AM
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True. And shipping sometimes


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Re: Auction Thoughts (share live today)
BryceG #667940 Mon Oct 03 2016 01:09 PM
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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.

Re: Auction Thoughts (share live today)
BryceG #667946 Mon Oct 03 2016 01:41 PM
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people are certainly holding back... watching lots of globes, even uncommon ones, go for less than half of actual value


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Re: Auction Thoughts (share live today)
BryceG #667948 Mon Oct 03 2016 02:16 PM
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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.


Have gas all the time
Re: Auction Thoughts (share live today)
BryceG #667953 Mon Oct 03 2016 02:51 PM
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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.

Re: Auction Thoughts (share live today)
hemistudegasser #667961 Mon Oct 03 2016 04:18 PM
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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

Re: Auction Thoughts (share live today)
BryceG #667971 Mon Oct 03 2016 06:22 PM
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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.

Re: Auction Thoughts (share live today)
BryceG #667979 Mon Oct 03 2016 06:53 PM
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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.

Last edited by Craig Osbeck; Mon Oct 03 2016 06:53 PM.

Craig
Re: Auction Thoughts (share live today)
BryceG #667995 Tue Oct 04 2016 12:04 AM
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This one go by me, what auction are we talking about?

Jack Sim


Author, 1st & 2nd editions of Gas Pump ID book, 3rd edition is now available at www.gaspumpbible.com
Air Meter ID book also available
Re: Auction Thoughts (share live today)
BryceG #668011 Tue Oct 04 2016 05:54 AM
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Jack, Morphy's had a 2 day sale.


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Re: Auction Thoughts (share live today)
BryceG #668150 Wed Oct 05 2016 05:07 PM
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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?

Re: Auction Thoughts (share live today)
BryceG #668159 Wed Oct 05 2016 05:47 PM
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22% - yes - state tax.


Have gas all the time
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