heritage auction | CBCS Comics

Quote:

Originally Posted by DLAComics
Which is exactly why i said it affects GPA.

I am pretty sure that Heritage's 19.5% Buyers' Premium is accounted for when the sale is recorded in GPA.

So if a slab closes with a high bid of $100, the sale is then recorded in GPA at a sold price of $120.

I can't say with certainty because I have never used Heritage to sell books and it has been over a year since I compared the pro's and con's between Heritage,CL and CC.

Here is my unsolicited comparison of the 3 comic auction consignment sites....

I like using Comic Link to sell, personally.

ComicLink fronts the grading fees when you sub raws to CBCS and CGC for grading.

This is a huge plus in my opinion, as this has allowed me to sub a lot of raws to CGC and CBCS, without having obscene amounts of money tied up in grading fees.

The grading fees are taken out of the sold price, when you are paid.You also get CL's dealer discount on CBCS & CGC grading fees.

Heritage's advantage is primarily in their name, that is really about it, IMO.

Comic Connect's advantage is that they use anti-sniping software, which IMO blows Heritage out of the water, all things considered.If a bid is placed in a ComicConnect auction within the last 3-5 minutes at the end of the auction, the time to bid is then extended by another 3-5 minutes....or thereabouts, I can't remember the exact time extension.

All 3 sites charge virtually the same commission to sellers, accounting for buyers' premiums, CC transaction fees.You just have to read between the lines to understand this.

It would be ideal if ComicLink would employ the same sort of anti-sniping software that ComicConnect uses.I also don't like that CL does not report sales to GPA.....but neither of those things keep me from sending them books.

I also don't think that "lesser visibility" is an issue with CL or CC.GA/SA collectors with deep pockets are more prone to buy from the "Big 3" auctioneer sites because they know won't have to take a chance with eBay sellers.

As long as you don't send copper/modern slabs out for auction to Heritage, CL or CC, you will realize directly comparable returns.

As much as one possibly can, considering that anything can happen with an auction.

When it comes to buying raws, I always get the best scores off eBay.I primarily buy raws from "non-comic sellers" off eBay, though.

Collector 3.72K	3.72K CopperAgeKids private msg quote post Address this user	plus 1 plus 1 plus 1 0
	Quote: Originally Posted by OrbitCityComics Quote: Originally Posted by CopperAgeKids Quote: Originally Posted by DLAComics Which is exactly why i said it affects GPA. I am pretty sure that Heritage's 19.5% Buyers' Premium is accounted for when the sale is recorded in GPA. So if a slab closes with a high bid of $100, the sale is then recorded in GPA at a sold price of $120. I can't say with certainty because I have never used Heritage to sell books and it has been over a year since I compared the pro's and con's between Heritage,CL and CC. Legally they can't claim the buyer's premium as part of the sale price. If a book is sold at a bid price of a $1000, then that is the final sale price they can report. Any other fees are just that; fees, and those can not be included as a sales price. This is why it deflates that actual value of the book. If I only have a $1000 to spend, including any extra fees, I am forced to bid below what I believe the book to be worth. If the money comes from the sellers end, then the auction house can report the full $1000. These auction houses prefer the buyer to pay due to the fact that they can advertise to sellers of high end items that they get to keep more of the final sale. I understand your contention and overall posotion but you are mistaken. When you place a bid in a Heritage auction, you will see a line where you typed your bid for $1000.00 You than clearly see an addition sign notating the 19.5% Buyers' Premium directly under that $1000.00. So, you type a bid of a $1000.00 on an HA slab. This is what you see before you hit "confirm bid". Your Bid $1000 ($1195 W/19.5% BP) + 19.5% Buyers Premium ( $195.00 ) $1000 ($1195 With 19.5% BP) So, the total including 19.5% BP, of the high bid, is clearly shown as the bid price on HA.com. No legality issue there. The 19.5% is part of the winning bidders' bid price and HA makes 100% sure bidders know this everytime they place a bid because the dollar figure including the 19.5% BP is put right in your face, in large text. The HA seller commission fees,CC transaction fees etc have nothing to do with the bid/sold price of the book, as far as GPA is concerned. I also remember having a conversation about wether or not HA's 19.5% BP was accounted for in GPA.It was about a specific book actually. An easy way to check this would be to log onto your HA account and pull up a search on sold slabs.Find a slab, look at the bid price given on the screen including the 19.5% BP.Then look at the price that isn't in parentheses. The winning bid on a slab would be shown as $1000 buuuut, there is the total of the $10000 bid + 19.5% BP shown in parentheses.You can't miss that. They report the total of the amount in parentheses to GPA, not the $1000 winning bid.
	8 years ago	Post 29 • IP flag post

COLLECTOR 13.26K	13.26K shrewbeer private msg quote post Address this user	plus 1 plus 1 plus 1 0
	@OrbitCityComics what do you mean by "Report"? The data mining site I know of captures both sale and premium for just a grand total sale. If you look up a book on HA past sales, it lists only the total as well (not the bid price).
	8 years ago	Post 28 • IP flag post

Collector 1.48K	1.48K OrbitCityComics private msg quote post Address this user	plus 1 plus 1 plus 1 0
	Quote: Originally Posted by shrewbeer @OrbitCityComics what do you mean by "Report"? The data mining site I know of captures both sale and premium for just a grand total sale. If you look up a book on HA past sales, it lists only the total as well (not the bid price). It doesn't matter what data mining captures. The actual sale price is the actual bid price. If they advertise, report earnings to the IRS, or make public claims, they can only claim bid amounts. Any other monies can only be claimed as fees. They like these fees because they are tax free. That fee pays their overhead cost. Basically, their devaluizing books and making money at it.
	8 years ago	Post 30 • IP flag post

COLLECTOR 13.26K	13.26K shrewbeer private msg quote post Address this user	plus 1 plus 1 plus 1 1
	Fees are not tax free. They are overhead and profit. If you are saying they are devaluing books, it DOES matter what the data mining captures, as thats how price guides are set. Heritage sells for more, thus increasing value not decreasing. As for advertising and public claims: Heritage press release says it Sold an Action for 956k. https://comics.ha.com/heritage-auctions-press-releases-and-news/heritage-auctions-comics-category-crushes-single-year-record-with-sales-of-nearly-43-million.s?releaseId=3094 Heritage sale with buyers premium. Same price as advertised.
	8 years ago	Post 31 • IP flag post

Collector 1	1 Spurt_Hammond private msg quote post Address this user	plus 1 plus 1 plus 1 0
	Quote: Originally Posted by OrbitCityComics Quote: Originally Posted by CopperAgeKids Quote: Originally Posted by DLAComics Which is exactly why i said it affects GPA. I am pretty sure that Heritage's 19.5% Buyers' Premium is accounted for when the sale is recorded in GPA. So if a slab closes with a high bid of $100, the sale is then recorded in GPA at a sold price of $120. I can't say with certainty because I have never used Heritage to sell books and it has been over a year since I compared the pro's and con's between Heritage,CL and CC. Legally they can't claim the buyer's premium as part of the sale price. If a book is sold at a bid price of a $1000, then that is the final sale price they can report. Any other fees are just that; fees, and those can not be included as a sales price. This is why it deflates that actual value of the book. If I only have a $1000 to spend, including any extra fees, I am forced to bid below what I believe the book to be worth. If the money comes from the sellers end, then the auction house can report the full $1000. These auction houses prefer the buyer to pay due to the fact that they can advertise to sellers of high end items that they get to keep more of the final sale. Um, no.
	8 years ago	Post 32 • IP flag post

Collector 16.89K	16.89K DocBrown private msg quote post Address this user	plus 1 plus 1 plus 1 0
	:popcorn:
	8 years ago	Post 33 • IP flag post

Collector 1.34K	1.34K VillageIdiot private msg quote post Address this user	plus 1 plus 1 plus 1 0
	Never purchased a single book from a Heritage auction, and never will!
	8 years ago	Post 34 • IP flag post

COLLECTOR 3.3K	3.3K JWKyle private msg quote post Address this user	plus 1 plus 1 plus 1 0
	I use to buy stuff from heritage some years ago but the buyers premium went from I think it was 14.5 to 19.5 and also I'm a California resident so I also have to factor in sales tax . I will still watch some of their Sunday auctions and they still seem to realize some pretty solid prices.
	8 years ago	Post 36 • IP flag post

heritage auction2053