Auction House Sales - Beware!

Discuss vintage Kenner and Palitoy Star Wars toys from the 1977-1985 era.
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obiwannacollect
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Auction House Sales - Beware!

Post by obiwannacollect »

Hello all,

Probably been said a few times but as I'm sure there are always new members joining the forum a word of advice for everyone. Tread very carefully when buying something from the auction. Understandably there will always be fees, naturally its a business. Expect to pay the top end for postage and ALWAYS get a condition report. if you don't ask whether something is resealed or has dents etc they have NO duty of care to inform you in the first place. I have had a rather nasty experience but i got carried away and wanted to try something different. Crazy postage and they didn't even put the figures in a box :lol: Stick to places like this! I've learnt the hard way.

Francisco

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edd_jedi
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Re: Auction House Sales - Beware!

Post by edd_jedi »

Apart from Vectis which is a specialist and understands collecting, I would only ever buy from a 'normal' auction in person where I could inspect the item before bidding and take it home with me.

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Mr-shifter
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Re: Auction House Sales - Beware!

Post by Mr-shifter »

Sound advice. Many people don’t realise that the buyer has to pay a fee at auction. That’s right, stick 20% on top of the hammer price. Hurts doesn’t it. The final poke in the eye is the 20% is a service, and not counted as part of the sale, so add vat to it as well.

A lot of “cheap” vectis sales are not as cheap as you think when you slam the fees on top.

Think about this. An item gets sold for £100. The auction house charges the seller and buyer. The buyer pays £120, because of commission and the seller gets £80 because of the 20% sellers fee.

Every £100 of auction money nets the auction house £40. As bad as hmrc!!!
WANTED: The following speederbikes. I would like them boxed but open and complete. I need:

Pbp stickered bilogo
Danish stickered bilogo
Special offer uk bilogo
And any other funky stickers or speeder bike oddities.

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StarWarsFan
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Re: Auction House Sales - Beware!

Post by StarWarsFan »

Thanks for the tip
My feedback:
http://www.starwarsforum.co.uk/viewtopi ... 22&t=26702

My The Force Be With You

Lindo
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Re: Auction House Sales - Beware!

Post by Lindo »

Mr-shifter wrote:Sound advice. Many people don’t realise that the buyer has to pay a fee at auction. That’s right, stick 20% on top of the hammer price. Hurts doesn’t it. The final poke in the eye is the 20% is a service, and not counted as part of the sale, so add vat to it as well.

A lot of “cheap” vectis sales are not as cheap as you think when you slam the fees on top.

Think about this. An item gets sold for £100. The auction house charges the seller and buyer. The buyer pays £120, because of commission and the seller gets £80 because of the 20% sellers fee.

Every £100 of auction money nets the auction house £40. As bad as hmrc!!!
Bang on it is a bit of a rip off
Looking for POTF moc's pm me if you have any for sale

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jared007
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Re: Auction House Sales - Beware!

Post by jared007 »

Mr-shifter wrote:That’s right, stick 20% on top of the hammer price. Hurts doesn’t it. The final poke in the eye is the 20% is a service, and not counted as part of the sale, so add vat to it as well.
Yes, it's hard to get a "bargain" at vectis - you have to be very lucky. When I add Vectis sales to Star Wars Tracker, I record the final price as the hammer price + 24%. That way you can get a like-for-like comparison across markets. Vectis prices are rarely the cheap option. However, they are usually the only game in town that publicly auctions some of the higher end items that hardly ever hit eBay and other places.
Digital vintage price guide and portfolio system: https://www.starwarstracker.com

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