Fees, Fees, and More Fees. When Did Our Belongings No Longer Belong to Us?

There was a time when a person could take his belongings to an auction house and pay a 5% fee on the final sales price for the service. That left 95% for the seller. That’s pretty good, but let’s flash forward a few years.

Auction houses today increased the sellers fees, particularly for less expensive items. I’d say the average fee is about 25% with fees up to 50% for less expensive items. But still, this wasn't enough dough. So, the auction houses began to charge the buyers a fee to buy. These fees run 20-25%. Now they get paid on each side of the sale, so this caused buyers to reduce their bids. This reduced bid affected the sellers final price.

Wow! Sellers went from getting 95% of the sales price to under 50%. I may be an old fossil, but when did our belongings no longer belong to us? When did we gain an equal partner in our own belongings?

Next came the eBay stores, a place where the seller took their things to a public place who listed them for the seller on eBay. Their fees were up to 40% of the sales price. eBay got up to their 15% and Paypal got up to their 5%. I’d say that leaves the seller 40% of the sales price for their own stuff. That makes you an unequal partner in your own belongings. Fortunately most of these operations died a quick death, as they should have.

But, now there’s a new plan emerging. The seller finds a company to appraise their items, then that company consigns them to the auction they think fits them best. And yes, there is a fee for this. It can be 5% or more. (This might seem fair if the customer was able to obtain a discount from the auction house. Like 10% off their regular seller fees.) Let’s do some math. 5% for the company who consigns your own belongings to auction, 20-25% to the auction house when they sell your belongings, another 2-5% in fees for insurance and advertising for your belongings, and then whoever buys your stuff gets charged 20-25%. Please tell me where else someone gets charged to buy something – other than a government sales tax?

By the time you’re done with the transaction it comes to 46-60% in fees paid to a company to sell your own stuff. You, the seller, would end up with about 48%.at best. I wonder how long the public will put up with this. You just started out wanting to sell you own belongings for a fair fee, didn’t you? I’ll let you decide what is fair.

Taking on the big boys like this doesn't make me the most popular man in town. But, I”m not expecting to win any popularity contests. Just trying to protect you, the seller and the buyer and offer something better than what's out there.

That's why I ask you to take a look at the 31 Club Gallery & Marketplace when you want to sell your high quality items. We offer much lower fees than anywhere else you'll find. And buyers, there is never a fee to buy from us. Buyer and seller will benefit most by becoming a member of the 31 Club. Look here for fee details.

If anyone has comments and opinions on the auction house fee situation, please make a comment here. I think this is a very important subject.

Buyers -- buy high quality items for fair prices at 31 Gallery and Marketplace.

Sellers -- sell your high quality items for low fees at 31 Marketplace and Gallery.

Treasure Hunters -- partner up with 31 Club on high quality treasures you find. You find, we buy, we sell, you net 35%.

Our Members are Newbies to Seasoned Dealers, making more money than they thought possible. Join Daryle Lambert's 31 Club, today.

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Antique Business: Getting Leads for Antique Treasure

How many people have you told this week you’re in the Antique, Fine Art and Collectibles business? If that number isn't 25 or more, what are you waiting for? This is your future. Auctions and house sales are wonderful places to find treasure, but they don't compare with a lead from a personal contact.

I’ve had people call me five years after my first contact with them. Because I was still in business, they felt I could be trusted. There is no better feeling in the world when your phone rings and the person on the other end of the line says something like, ”Hello Daryle, I’m Jane. Anne said that I should call you, because I have some things to sell you might be interested in.” There’s a couple things going on in receiving this call. First you have a great friend in Anne. Second, Jane now trusts you because of Anne. This type of relationship will be where your true success will come from.

I just received a large box in the mail from a person I’ve done business with before, and you won't believe this. It was stuffed full with Indian artifacts. These included three Kachina's, two Apache arrows, six or eight pieces of bead work, two pieces of pottery (one a black on black pot), and some very nice coins including fifteen 1922 D pennies in near mint condition. So why did he send them to me? He trusted me. They were sent without discussing any price, knowing that I would be fair with him and know the value of these items. NO COMPETITION and NO TRAVEL TIME TO EVALUATE THE ITEMS. What could be better than this? So look for these in the future in our marketplace.

The best advertising you will ever have, is when you tell someone that you are in this business. And it’s free. You won't be getting that dreaded invoice in the mail. How many times have I had to pay a bill for advertising that was over $200 or and I didn't get a single response, let alone make enough money to pay for the ad. If you tell 1,000 people a year that you’re in the Antique and Fine Art business, it could easily be worth over $100,000 a year to you. Now that is something to think about.

People today are very leery of Antique Dealers in general, so if you can build a reputation for being honest, and have others recommend you, this will sit you at the head of the class in this field. People are looking for trustworthy people in their time of need. They might be retiring, have an estate to settle, have children entering college, or simply want to reduce their debt. There are so many wolves in sheep’s clothing out there in the world today, and this is when you can be the trustworthy person that they're looking for. So don’t forget we operate by the Golden Rule: "Do unto others as you would have them do unto you.”

I hope a box full of treasures comes to you in the mail sometime soon, however it will only arrive if you tell others you are in the business. Make sure you go through all your boxes of business cards and have to order more. Set a daily goal for yourself. Will you tell 2 people, 10 people or 15 people a day. How many people do you want to have told by the end of the week? Does your mailman know you are in the business? Does your doctor? When your cable guy comes to make a repair, will he know what business you’re in? How about all the parents at your son’s baseball game? Do they know? Make certain each person you speak with gets your card. Do this consistently, and one day you just might get a box of treasure delivered to your own front door.

Join with like-minded 31 Club Members and put a turbo charge on your treasure hunting skills. Get FREE Mentoring. Learn Inside the Industry Secrets. Learn to make high profits and continue to grow your money buying and selling antiques, fine art, and collectibles. My 220 page book, 31 Steps to Your Millions in Antiques & Collectibles is FREE with your membership. The book is also available on Amazon.com. If you buy the book on Amazon, then the membership is FREE.

Daryle Lambert: Vintage Visalia Bridle Rosettes Proves a Winner to 31 Club Member

31 Club member made 23 times his money on these Collectible Visalia Bridle Rosettes.

New 31 Club members are having success buying and selling antiques & collectibles in their early steps. Often, this success comes to those who have had little experience in this area yet, they are willing to take action and learn by doing. And, by keeping in touch with me, they allow me to guide them through the steps to assure their success in making successful buys and sells, and then learning how to grow wealth from their profits. Here's a letter I received from a new Vancouver member who came across some Western Collectibles.

"Hi Daryle............I'm quite enjoying your daily blog and am reading your book for the 2nd time.

About 10 days ago I was making a housecall to see some "old stuff" that was being disposed of as part of a downsizing effort.

I had picked out some old postcards and other odds and ends, and was asked if I'd like to see some jewellery (Canadian spelling!). There were some OK items and some bits of no value, but there was one sandwich bag holding a number of pieces of silver attached to small chunks of leather. I was told these were from a bridle that had been used in the '40s. Knowing nothing about equestrian items, I said I could buy them for their silver value, and was told this was acceptable. I paid $30 for the bagful.

Most of the pieces had "Visalia Stock Saddle Co" stamped on them, along with the word "sterling". The bag held 2 large rosettes, 4 buckles, a pair of rein ends and 14 conchos. Thinking I should start "doubling my money" as you recommend, I listed 5 lots on eBay. Here's a little info on one of them: (Cost on this one piece was $8).

Item: Sterling silver bridle rosette - Visalia Stock Saddle Co. - 1940s
eBay number: 160201724669
Date sold: January 30, 2008
Page views: 108
Bids: 24
Final price: $183.50
Winner location: California

In total, the 5 lots brought $475....and I estimate that, at those prices, I have around another $300 worth still to list.

Being a "golden rule" sort of chap, I expect to send some more cash over to the lady from whom I bought them, as I certainly didn't expect quite such a windfall.

The challenge now is: What do I spend the anticipated total of $775 (less expenses) on, in order to reap $1,550 ?

Any advice much appreciated.....................

Regards from Vancouver Island.................... Michael R."

Mike, you ask a very important question and that was, now that I've made my first purchase and sale, so what now? Just do it all over again. This doesn't mean that you have to find one item to spend all your money on, but just that you spend it. It may take three or four items before all your money is spent, but that's okay. However, you must make your next purchases as carefully as you did the first purchase. And keep learning. I suspect the time you spent researching your buy provided you with a body of knowledge that will likely stay with you. How do you feel? You are on your way to our millions in antiques and collectibles? There is no looking back now. And keep in mind that certain items purchased might do well in different arenas, and this is something to carefully consider.


Discover how my book, "31 Steps to Your Millions in Antiques & Collectibles" can be the tool that helps you become financially free following the same simple financial principles that the wealthy follow -- all with antiques, fine art, and collectibles.

If you haven't yet had a chance to see what we've got listed in the 31 Gallery & Marketplace, click on over and take a look. You might even find a real bargain. We've got many high quality items priced reasonably. If you have a high quality piece you'd like us to find a buyer for, why not consign your item to us. Or, if you'd like to sell your item to us, contact us today.

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