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The Collectors Newsletter #843 -- January 2011

The Collectors Newsletter #843 -- January 2011

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1. Work from home selling antiques & collectibles
2. This Week's Survey
3. Stories From our readers
4. This Week's Antique News
5. Your Classifieds
6. Newly listed items
7. Funny Old Stuff
8. Wanted ads. Can you help?
9. A Vintage Recipe
10. A Vintage Recipe Request from a Reader
11. New On line Merchants
12. Helpful Resources For Collectors

1. Work from home selling antiques & collectibles.
In your spare time you can sell antiques and collectibles from home.
Since 1995 TIAS.com has been helping dealers and collectors just like you to sell their antiques and collectibles online. It costs you nothing to kick the tires and see if an online store is right for you. Give TIAS a try today at: http://www.MakeAShop.com

2. This Week's Survey
Ever week we post a new survey question and the results from the previous week's survey. Survey questions are about anything related to antiques & collectibles. If you have a suggestion for a survey question, email it to me at phil@tias.com and we might use it in the next newsletter.
Come and visit us on Facebook where you can post comments and photos - see us at http://bit.ly/cguVAo
Last weeks Survey question was..
"Do auction houses that charge both a buyers and sellers premium bother you?"
Here are some written replies that were included with the results from the last survey
a) My local charges a "sliding fee" of 35% for items under 30.00 then boxes stuff with junk so each lot sells for under 30.00. Another auction house charges 40%-so its still to your advantage to sell from your home to a dealer with a good reputation than taking a chance with an auction house. Do your homework and sell to someone in your local antique dealers association.

b) A sellers commission I can understand depending on what percentage of course; a buyer also paying it is a bit greedy, and of course lessens the ability to sell many items I would guess. Auction houses will come up with an plausible argument for both sets of commission I'm sure. I would think in the forth coming economic climate the first national/international Auction House to refrain from having a buyers premium will see a huge increase in business....as long as they don't increase the sellers premium as well.

c) It just doesn't seem right that the auction houses make money on both ends of the sale. Some are charging around a 20% buyer's premium in addition to what they charge the seller. Without a buyer, they make nothing on either end. Seems like they're becoming too greedy! But if you want to buy or sell at auction, you don't have a choice.

d) I have it from both a dealer and collector standpoint. As a dealer they take at least 20% of my profit and also charge for advertising so figure they don't need to charge the buyer also. I guess if I knew that the seller was getting the premium I would feel differently as prices are low enough for a seller of an estate.

e) It's just awful when they take 20% from the seller AND charge the buyer an additional 15+ %. but worst part is when they try to justify it as "I have a lot of overhead" ~ yep you're right, you have a lot of overhead.... I've seen your house and what you drive.

f) Yes, I am a buyer at auction houses, and I hate to pay 20% or more over the cost plus shipping and handling. I purchased one set of items and it cost $159.00 to ship it through UPS, and there is no possible way to know that until it was purchased, and if you go back on your purchase you no longer can buy. Now how do you ever get around it. Their cost to sell online is very expensive and our want to buy is very limited. The person who has the item for sell in the auction wants the best dollar per item. How do you know if you are bidding against the seller who is using someone else computer and a different name to raise the price? Many tricky problems. There should be a better way, however I have never figured it out, and yet I do purchase through auction houses.

g) Yes, they are making a killing whether or not items sell. And when items do sell, by charging the buyer as well as the seller, they are making a huge profit. The buyer ends up paying a good deal more than if purchases were made directly from an individual and the seller pays an even bigger fee when items do sell. The higher the final bid means even more money in the auction house's pockets.

h) The greed of some auction houses knows no limits. They charge for everything including absurd prices for being included in their catalogs and for photographs. Too few auctioneers display any ethics in dealing with the merchandise they sell.

i) I started collecting antiques in the early 1990. My first auction house that I ever went to charged a buyers premium. I have never been back to that auction house and never will go again. The items that some one sells at a auction do not belong to the auction house . So they should not be able to charge a buyers premium on something that they don't own. It's like this I hear people complain about a buyers premium. But don't do any thing about it. If people did not go to any body auction that charged a buyers premium just wait and see how long they stay a auctioneer. I don't need anything bad enough to pay a buyers premium. I look at it this way if there is two gas stations on the same corner of the block and one station is selling gas at 10 cents less a gallon. Guess where I'm buying my gas at. So when auctioneers are trying to rip me off by charging a buyers premium, I'm not buying from them. It's like this if a auctioneer needs that buyers premium to make ends meet then they better find a different way to make a living. It's like some body flipping burgers for a living. If they can't make it flipping burgers wages then find a different way to make a living.

j) Auction houses need to make a profit. They make that by charging a percentage to the seller. Sellers should know that percentage when they sign a contract. Then the large auction houses (you know the 2 big guns in the east US), figured out they can fleece the buyers too.I live in the Midwest and we still have auctioneers that don't charge buyer premiums, but some do. Having been an antiques auction goer for almost 50 years I can count on one hand the honest auctioneers that I would trust with any sale. The buyer is ultimately responsible for the hammer price. At any auction though, whether they charge premiums or not you need to do your homework and know what your buying. Know what the dollar value is worth then figure that into the final price your willing to give. Go to auctions and 'listen' to the bidding. Don't get caught up in the 'games' that some auctioneers play. It's your money, your terms.

k) A buyer's premium is supposed to mean that the seller has not had to pay the auctioneer prior to the auction. I'm not sure that this question makes sense... because normally you don't know if the seller has been charged prior to the auction... my guess is this situation might happen in the case of an auction that may bring a exceptionally high bid... but also may have a poor seller...who just happens to have some nice stuff... the double charge allows the auctioneer to make some money off of the event without making it all come out of the seller's pocket...

l) Auction houses that charge premiums to both the buyer and the seller should be ashamed of themselves. That is the ultimate example of pure, sinister GREED! If I did that, I could not sleep at night from the guilty feelings.

Yes, someone will reply saying how wrong I am, and that the auction house is a legitimate business with a perfect right to make a profit - that they are taking a risk when they conduct an auction that maybe the hammer falls mostly on low winning bids. Well BOO-HOO!!! It's called the risk and expense of doing business. If they can't get it one way, they will squeeze blood out of a stone by shafting everyone.

I realize that not all auction houses are like that, but those who are will never get my business - and I hope enough others feel the same way.

You can sign me "Mad as heck in the south," Ed

m) The auction where we go practices this. There is a 6% fee to the buyer plus 7% sales tax. That is 13% on top of the selling price charged to the buyer.
If you are a seller, then the rates vary from 15% to 35%, depending on the amount the item sells for. How can the seller make any profit with such a huge premium being added. A small item that only sells for $4.75 would be charged an additional $1.66, therefore the profit is only $3.09. This is quite an expense considering the cost of fuel and the sellers time as well.
I think the auction house could charge one set amount for the seller and no extra to the buyer.

n) Talk about burning both ends. When a buyers premium is charged both the seller and the buyer suffer. The buyer bids less because he knows there is going to be a surcharge and the seller makes less. The auctioneer is the one making out like a bandit. He charges the seller 30 to 50 percent of the sale and then gets another 10 to 20 percent from the buyer. I know the auctioneer has expenses but he loses bidders (me for one)when he double dips.

This weeks survey question is ....

"Have you ever felt guilty about a great purchase you made at a garage sale?"

Take a few seconds and give us your opinion at: http://www.surveymonkey.com/s/XMYMYY2

3. Stories from our readers
We collect interesting stories about collecting. Things like your best find, unusual collections, bizarre collectibles even things that bug you. Anything and everything that is interesting that has to do with antiques & collectibles. We may publish it here. Send your story to Phil@tias.com
I do not know where your reader, who asked the question regarding the mustiness of old knitting and crochet books, lives. If she lives is a warmer part of the country she may be able to do this now. Often the best cure for that musty odor is sunshine. If it is too cold or damp to put things outside, she may have to wait until spring. A number of years ago, raccoons ripped a vent off our roof. This happened about Halloween and we did not discover the damage until Thanksgiving afternoon. Directly under the hole, from which the vent had been torn, was a box of books. Some of these books were from our childhood and very precious to us. It had rained and snowed before we discovered the damage. I spread the books out in the basement, with paper towels between the pages to keep them from sticking together. In a few days they were dry, but they did smell musty. In the late spring I spread them out in the sunshine for a few days, flipping pages several times a day. We managed to save all of them. The only trace of our mishap is a change of color on parts of some of the covers and they are odor free. Incidentally, we no longer store books in our attic.

--Another Story--

This is in response to Jacquline in Princeton La. When you go to an auction the terms are clearly set by the auctioneer, the hammer price plus a buyers premium and any tax if applicable. When you see an item you want, you should factor these elements into your bid. Most auctioneers have a sliding scale to the sellers, maybe up to 50 percent for low price items and down to 10 percent on the higher end. there is a lot of work in setting up an auction and expenses that may not be seen by the public. She is right not attend if she does not like the terms however the auctioneer has every right to make a living. The buyers premium helps off set the total he needs to be profitable, otherwise his charge to the seller would be that much more. This method helps spread the cost of doing business between the seller and the buyer. Tom Md.

4. This week's Antique News
If you want to tell the world about your antiques & collectibles business, auction, club or upcoming event related to the antiques and collectibles trade, you can post it for free at http://www.News-Antique.com the #1 listing on Google for "Antique News" Your news release will get published online and will also appear in this newsletter so that 15,000 people can read it. To post a release, go to http://www.News-Antique.com
Check the latest news headlines about antiques and collectibles at http://www.News-Antique.com
1. Chicago Estate Sales by Xcntric Estates -
Flossmoor Estate Sale Jan 27, 28 & 29
Click here: http://news-antique.com/?id=796338

2. StampNews.com: Top 10 extraordinary
stamps 2011
Click here: http://news-antique.com/?id=796336

3. Storewide Discount Sale at Dinnerware
Click here: http://news-antique.com/?id=796325

4. Wells Fargo and First United Bank raise
Heritage Auctions loan facility to $45 million
Click here: http://news-antique.com/?id=796324

5. Flash, Superman, Green Lantern, X-Men from
$1 million+ collection headline huge Heritage auction
Click here: http://news-antique.com/?id=796323

6. Baldwin's Release Winter Fixed Price List 2011
Click here: http://news-antique.com/?id=796322

7. Maria Martinez Matriarch of New Mexico Potters
This Week at LiveAuctionTalk.com
Click here: http://news-antique.com/?id=796321

8. Cornwall Museum Revives Forgotten British
Modern Master Artist
Click here: http://news-antique.com/?id=796310

9. Antique Estates Auction w/ Teddy Roosevelt
Click here: http://news-antique.com/?id=796301

10. Online antiques & collectibles merchants see
8% increase in 2010 sales.
Click here: http://news-antique.com/?id=796300

11. Join the PurePhoto Fine Art Photography
Movement – artmarketblog.com
Click here: http://news-antique.com/?id=796296

12. Top 2010 Art Market Trends Pt. 1 –
Click here: http://news-antique.com/?id=796295

13. Baterbys' Winter Art Auction will benefit
United Cerebral Palsy
Click here: http://news-antique.com/?id=796287

14. An Introduction To Damascus Steel Sword
Click here: http://news-antique.com/?id=796266

15. John Moran Auctioneers February 15, 2011
California & American Fine Art Auction
Click here: http://news-antique.com/?id=796264

16. John Moran Auctioneers’ First Auction of
2011 Shows Continuing Strength in Market For
Quality Antiques
Click here: http://news-antique.com/?id=796263

17. Nye and Company’s January Auction
Features the Estate of Michael M. Sweeley
Click here: http://news-antique.com/?id=796261

18. Kovels on Antiques and Collectibles January
2011 Newsletter Available
Click here: http://news-antique.com/?id=796247

19. Fine and Decorative Arts Survey
Click here: http://news-antique.com/?id=796246

20. Artfact Live! December Auction Results Roundup
Click here: http://news-antique.com/?id=796245

21. From banks to Buck Rogers, they'll be
mixing up the fun at Morphy's Jan. 29 Toy sale
Click here: http://news-antique.com/?id=796339
MANY more stories are added several times a day. You can read the latest news now at:

5, Your Classifieds...
Time Was Antiques Shelley China Specialists

Mickey Mouse Wooden Rocking Horse, Mengel Playthings


Do you have antiques or collectibles you are just itching to sell? A simple classified ad in this newsletter might just be your answer. Over 15,000 readers subscribe to this newsletter. One of them just might be able to help you out. Place your ad today at: http://tinyurl.com/39eulu

Want to know what our advertisers think? Check out the testimonials at: http://tinyurl.com/8xqyw

6. Newly listed items for your online shopping pleasure for Tuesday January 18, 2011 Stop by and check out today's fresh inventory at:
TIAS.com - http://www.tias.com/showcase
CollectorOnline - http://cgi.tias.com/showcase/?groupKey=7
AntiqueArts - http://cgi.tias.com/showcase/?groupKey=3
Earthling - http://cgi.tias.com/showcase/?groupKey=6

7, Funny Old Stuff
This is our humor section. These are humorous family stories and comments that are sent in by readers. If you have a submission you would like to share, please send it to newsletter@tias.com and we may run it in the next issue.
Several years ago my sister and I decided that we were going to make a chocolate cake. Everything was going fine, all ingredients were going in and then came time to add the salt. We read the recipe and thought 3/4 cup of salt that seems like alot but we put it in anyways. Off went the cake into the oven and after it was done Dad came to get a piece. Well the look on this face said it all our cake was a disaster. We looked at the cake and it was full of salt. There was salt all throughout the cake. Upon further inspection of the recipe we discovered that it actually called for 3/4 teaspoon of salt and not 3/4 cup as we had put in. Fast forward to today and both my sister and I have mastered the art of cooking and Dad actually enjoys our cooking. Our mother often remarks that we "won't starve". Karen Canada
Do you have a funny family story you would like to share? Make someone feel good by sharing it with us. Send it to newsletter@tias.com and we may publish it here.

8. Wanted ads. Can you help?
Here are the latest wanted ads from the TIAS Exchange. Can you help someone out?
WANTED: Vintage Medical and dental Items. Especially quackery.

WANTED: Gerardo Lopez Flatware --Vintage Taxco
GET YOUR WANTED AD HERE! Just $10 and we'll send it out to 15,000 people who get this newsletter. Go to http://www.tias.com/cgi-bin/submitClassified.cgi
Looking for something? Place a "Wanted" ad in this newsletter. Over 16,000 subscribers will see it. It's easy, go to: http://www.tias.com/cgi-bin/submitClassified.cgi

9. A Vintage Recipe
Be sure to check out our vintage recipe archive online at: http://www.tias.com/newsletter/topics/A%20Vintage%20Recipe.html Over 1200 wonderful vintage recipes are listed.

In the last issue Lori requested a recipe for " French Toast that was made ahead and frozen" we received the following...
Freezer French Toast
3 eggs
1 cup light cream
3 Tbsp. sugar
1 tsp. vanilla
1 cup cornflake cereal crumbs
8 (1" thick) slices french bread
Mix eggs, half and half, sugar and vanilla in a shallow bowl. Dip the french bread in this egg mixture, leaving the bread in the bowl for a few minutes so it absorbs more egg mixture. Dip bread in the cornflake crumbs to coat. Place on a cookie sheet lined with parchment paper. Freeze until firm.
When ready to bake, first preheat the oven to 425 degrees. Place frozen french toast pieces on a greased cookie sheet for 15 to 20 minutes or until golden brown and crunchy. Turn the toast once during baking. Serve with maple syrup and powdered sugar,and link sausages. Carol Thomas ---Cullman,AL
If you enjoy these vintage recipes, you should buy a vintage cookbook from us. They make great gifts too. Take a look at: http://www.tias.com/cookbooks
Buy a Vintage Kitchen collectible from us. We've got lots of them here: http://www.tias.com/kitchen
10. A vintage recipe request from a reader
As with collectibles, people also have very strong feelings about foods from their past. Sometimes these special recipes get lost. This section is to help people who are looking for lost recipes from their past. If you submit a request, please include the geographical region where you had this recipe.
Does anyone have a recipe and instructions for making Greasy Burgers? I am not sure of all the "fixings" but I think it contains ground beef, cheese, and whatever on toasted buns. Thanks for any help. Shirley, Oklahoma
If you can help this reader with this recipe, please forward it to recipes@tias.com . If you have a vintage recipe request send it to recipes@tias.com and we might just publish it here.
Be sure to check out our vintage kitchen collectibles section online at: http://www.tias.com/kitchen

11. New Online Merchants
Be sure to check out all of the fresh inventory offered by these new merchants at TIAS.

Olivia's Charming Treasures
Welcome to Olivia's Charming Treasures.We specialize in vintage sterling silver jewelry and vintage costume jewelry. Our inventory also includes vintage lunchboxes, vintage china, and much much more. We guarantee your satisfaction with a 7 day money back guarantee.

Art Nouveau Gallery
We are dealers of period pieces as well as high quality reproductions. We specialize in interior decorations for fine homes and commercial establishments like B&Bs & upscale hotels.

Unique items from a time gone by - Maine books, pottery, Occupied Japan, sewing items, paper, souvenir items, glassware, holiday, vintage costume jewelry, postcards--plus much more. Always seeking the unusual and exceptional. Thanks for looking and come back REAL SOON!!

The Legacy Collection
The Legacy Collection is continually adding items that represent the material culture of home life through the ages. A sampling of inventory includes: Domestic and Depression Glass, Decorative Ceramics, Kitchen Collectables, Metal wares, Prints, Books, as well as Outdoor Memorabilia.

Harvest Moon Vintage
Welcome to Harvest Moon Vintage! Come on in and enjoy a wonderful selection of vintage photographs, yearbooks, childrens books, militaria & more!

12. Helpful Resources:
1. Find an antiques or collectibles club. Nearly 2000 different clubs listed. Take a look at: http://www.tias.com/cgi-bin/clubs.cgi
2. What's it worth? Try Kovels' free online price guide to over 600,000 antiques and collectibles. It can be found online at http://www.kovels.com
3. Make money with your Web site. Join the TIAS.com affiliate program today. Go to http://www.tias.com/affiliates/
4. Get an online appraisal. For just $9.95 from "What's It Worth To You?" http://www.whatsitworthtoyou.com/tias.htm (Not affiliated with Kovels.com)

Thanks for reading. Feel free to forward this to a friend. To subscribe to this newsletter go to: http://www.tias.com/subscribe Please note that stories and recipes from readers are not checked for accuracy. They may be edited prior to publication. For questions or comments, you can reach us at newsletter@TIAS.com ©1995-2011 TIAS.com Inc.

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