What fees do auction houses charge for selling stamps?
Typical Fee Structure
Most stamp auction houses charge a seller's commission, which is a percentage of the final bid (hammer price). This can range from 10% to 20%, depending on the auction house and the value of your consignment. Higher-value collections often negotiate lower rates.
In addition to commission, you may pay for lotting fees (per lot), photography, and insurance. Some houses charge a flat fee per lot, while others include these in the commission. Always ask for a full fee schedule before consigning.
Some auction houses also charge a buyer's premium (paid by the buyer), which does not come out of your proceeds. But it can affect the final price buyers are willing to bid.
- Seller's commission: 10-20% of hammer price.
- Lotting fee: $5-$20 per lot.
- Photography: $10-$50 per lot for large images.
- Insurance: usually a small percentage of estimated value.
- Minimum commission: some houses have a minimum per lot.
How to Minimize Fees
Consign a larger collection rather than a few individual stamps. Many auction houses waive or reduce fees for consignments above a certain value (e.g., $5,000).
Negotiate. If you have desirable material, you can often get a lower commission. Ask about special rates for repeat consignors or for collections that fit a specific auction theme.
Compare auction houses. Some specialize in certain areas (e.g., U.S. classics, foreign, covers) and may offer better net returns even with similar fees. Read the consignment agreement carefully and ask about any hidden charges.
Common mistakes
- Assuming commission is the only fee—there are often extra charges.
- Not reading the fine print about unsold lots, which may still incur fees.
- Consigning to the first auction house without comparing rates and services.
