eMoviePoster.comDid you know... that we won't buy your posters instead of auctioning them because we know that is a strong conflict of interest?Return to Did You Know Archive Added: 02/27/2012 SOMETIMES PEOPLE CONTACT US WANTING TO SELL US THEIR ITEMS INSTEAD OF AUCTIONING THEM! But we do not buy ANY items because that would put us in direct conflict with our consignment based business, and we would be on "the opposite side" from that seller, because if we could buy their items for a lower price than they would get less, but we would get more. But when that same person consigns to us, then we are "on the same side" (if their items sell for more, then they get more and we also get more). Say you have a group of 300 items with a realistic retail of say, $10,000. Any dealer would likely offer you no more than $3,000 or so for them, because they might well spend a year or two or more getting them sold, and it is hard work to do so, so they are well entitled to their $7,000 profit. But if that same person consigned those 300 posters to us (doing the exact same amount of work of packing and shipping them to us as they would sending them to the dealer) then they would almost surely get at least $6,000 from us (because we charge a 40% commission on $30 to $39.99 items). The same is true with different values or quantities of items, as you can easily verify by looking at our chart on our CONSIGN page at http://www.emovieposter.com/learnmore/?page=consign&myfrom=menu, where you can also learn all the details about consigning to us. Now we know there are some auctions that both take consignments and also buy from their consignors, and we have seen in practice just how big a conflict of interest this is! They often try to buy the most rare items they are offered, so that if those items do spectacularly then THE AUCTION HOUSE will reap those rewards, and not the consignor. And they steer owners of commonly seen items to consign them, so that they will get their healthy commissions even if they do poorly, and they even charge commissions and fees when the items don't get a bid! There are other conflicts as well. When the auction owns some of the items in the auction and not others, naturally they will better promote the items they own, because they make more money when those sell for more. They will steer consignments into their lesser quality regular auctions, and put more of their own items into their special event auctions. Worst of all, because the laws in some states let the auction house bid in their own auctions, they can buy the poorly promoted items in their regular auctions and then re-auction them as their own consignments in their special event auctions, giving them far better promotion once they own the items (and since the law allows them to even bid on the items they themselves own, they can assure themselves of getting a great result, and if they get "stuck" buying back their own item, they can "auction" it again and again until it finally does sell!). But if you have posters you no longer want and you absolutely insist on selling them (rather than auctioning them through us and receiving a lot more money) then we only ask that you give our consign information to the person you sell them to, because there is an excellent chance THEY will be consigning some or all of what they bought from you to US!
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