| How
does this all work? |
| 1 |
Let’s
discuss what you have for sale. We will need descriptions of
each item, including any history on the item, where it was obtained
or purchased. |
| 2 |
Let’s make
an appointment to discuss and inspect your item. We will need
to see the item you would like to sell, to take digital pictures.
Ideally, we’d like to take possession of the item, so
its shipment to the auction winner is more efficient. If that
is not possible, arrangements can be made. |
| 3 |
We will research
your item right there with you, showing you what similar items
have sold and their price. We are looking for items that are
selling for at least $150 on eBay (depending on the item). |
| 4 |
All items are inventoried
and taken to our office. You receive a detailed list of the
items in our possession. |
| 5 |
We list the item
on eBay, and provide you with information to see your item on
eBay. |
| 6 |
After the end of
the auction, you receive information showing you what price
your item sold for on eBay. |
| 7 |
We collect the final
value for the item from the highest bidder. After payment has
cleared, we ship the item to the winning bidder |
| 8 |
The buyer has 14
days to inspect the item. After this time, we send you a check
for the net of the sale (the sale minus fees). Checks are sent
out on a two-week basis. |
| Fee
Description: |
There is
no charge for an appointment at our office, or at your
home (within 40 miles of our office).
NJ appointments within 40-75 miles of Atlantic Highlands
--? $35
Appointments outside of NJ and/or over 75 miles -? Please
inquire. |
|
| Commission:
|
|
| Clients
are charged a commission on the final auction value of
each item (please note that these are not eBay fees, but
are fees that Packrat Auction charges): |
30%
of the first $500,
plus 25% between $500.01 and $3,000,
plus 15% above $3,000 |
| Example:
|
Item
sells for $800. |
30% of the first $500 = $150
25% of the balance ($300) = $75
$225 total commission paid |
|
|
The
following fees will also be deducted from any monies due to
you after the sale (this does not apply to your vehicle listing):
eBay Fees: These include the listing fee, final
value fee, and any fees for additional services (bold listing,
buy it now, additional picture fee, etc.). Follow this link
to view eBay's fees.
Credit Card & PayPal Fees: If a bidder
uses a credit card to purchase the item won, either through
Pay Pal or our credit card merchant account, these credit card
fees will be deducted from any monies due to you.
Our two programs (choose either one)
If your opening bid is $9.99 or less, we charge you $1 to list
your item.
If your item does not sell, there is no additional charge. If
your opening bid is above $9.99 and/or a reserve price is used,
we charge a minimum commission of $10 (regardless of the sale
price), PLUS eBay fees incurred to list that item.
China Listings: Due to the extra labor and
fragile nature of listing china on eBay, an additional pick
up fee will be incurred based on the number of pieces picked
up from the customer:
Collections of 30 pieces or less: A charge
of $20 to pick up and list your item on eBay (up to $200 opening
bid or reserve set) unless we open the bidding at $9.99 without
a reserve price set. $20 charge is applied towards commissions
earned for the sale of these china pieces
Collections of between 30-50 pieces: A charge
of $30 to pick up and list your item on eBay (up to $300 opening
bid or reserve set) unless we open the bidding at $9.99 without
a reserve price set. $30 charge is applied towards commissions
earned for the sale of these china pieces.
Collections of 50-80 pieces: A charge of $40
to pick up and list your item on eBay (up to $400 opening bid
or reserve set) unless we open the bidding at $9.99 without
a reserve price set. $40 charge is applied towards commissions
earned for the sale of these china pieces.
Collections of over 80 pieces: A charge of
$60 to pick up and list your item on eBay (up to $500 opening
bid or reserve set) unless we open the bidding at $9.99 without
a reserve price set. $60 charge is applied towards commissions
earned for the sale of these china pieces.
Automobiles: We charge $85 to list your vehicle
for your first listing of that vehicle. We charge 6% commission
on the sale of your vehicle. Your initial $85 payment is applied
towards our commission charged. Our fee for the first listing
of your vehicle covers ALL eBay charges.
Automobile re-lists: There is a $50 charge
to re-list your vehicle on eBay, this $50 charge is not applied
to our commission if the vehicle sells on the re-list. We reserve
the right to refuse to list an item on eBay if we feel it will
not sell. |