[meteorite-list] Update - InnSuites Meteorite Auction

From: Michael Casper <Michael_at_meteoritecentral.com>
Date: Thu Apr 22 09:55:41 2004
Message-ID: <001401c19578$a4824720$0200a8c0_at_Domain>

"We have snagged auctioneer Claudia Florian--a former auctioneer for
& Sothebys--to run this sale" ...I'm curious how you "snagged" her? Was it
on a hook? If so what kinda bait did you use? After you "snag" em how
do you get em off the hook? Are they slimy? Do they snap or bite?

  I don't think meteorites are a good investment right now. Perhaps
rare coins miy interest you? I do have a little auction next week!
www.caspercoin.com

  xoxo, MC




----- Original Message -----
From: <MacovichCo_at_aol.com>
To: <meteorite-list_at_meteoritecentral.com>
Cc: <curator_at_macovich.com>
Sent: Saturday, January 05, 2002 5:32 PM
Subject: [meteorite-list] Update - InnSuites Meteorite Auction


>
>
> Hi Folks!
>
> Last chance! I have only twelve (12) slots remaining for consignments for
the Second Annual Meteorite Auction at the InnSuites in Tucson on Sunday,
February 10th.
>
> If you wish to make a consignment, please get in touch QUICKLY!
>
> Further exciting news:
>
> --We have snagged auctioneer Claudia Florian--a former auctioneer for
Phillips & Sothebys--to run this sale;
> --The advertisement in the current issue of Smithsonian has already
resulted in dozens of catalog requests!
> --Meteorites confirmed to be offered include, L'Aigle, NWA482, Camel
Donga, Manych, GV, Steinbach, Chassigny, Barbotan, Mauerkirchen, Ensisheim,
Shalka, Felix, etc.
> --Once again, if you are an exhibitor at the "Arizona Mineral & Fossil
Show," you are entitled to consign one lot without having to pay a
consignor's fee (courtesy of the Macovich Collection and the Great Zinn).
>
>
> The Event: The InnSuites Meteorite Auction
> Date: Sunday, February 10th 10.30 AM
> Location: InnSuites, Tucson / Poolside
> Early Registration/Preview: February 1-9 - 10.00AM - 6.00PM
> Day-of Registration/Preview: February 10 - 9.30-10.30AM
> Number of lots: 100
> Targeted price point: $200 to $25,000
> Lots with no reserve: ~40%
> Consignor's fee: 10.0%
> Buyer's fee: 12.5%
> Limit per consignor: 4 lots
> Sell-through fee: 3%
> Insurance (if desired): 1%
>
>
> QUESTIONS:
>
> Why should I consider consigning a meteorite to this sale?
> 1. Guaranteed Interest. This offering will be heavily promoted. We are
also building on an outstanding buzz from last year's sale. Further, a
number of outstanding meteorites will be offered with NO RESERVES;
> 2. Marketing commitment. $4000 in dedicated advertising will be spent
publicizing this event;
> 3. Location. Host to one of Tucson's preeminent shows, the InnSuites is
centrally located and is indisputably Meteorite Central in Tucson;
>
> Where do I sign up?
> Right here. Please fill-in the following info. A formal consignment form
will be sent to you provided that your property is accepted for this
auction. [My interest is only in creating a marketplace for fine meteorites
that are priced to sell, and to present this property to a crowd that is
eager to participate in an auction filled with such opportunities.]
>
> Name
> Street Address
> Apartment or Suite
> City
> State
> Zip
> Daytime phone
> Evening phone
> Email
> Description of each proposed consignment:
> --Slice or End or Complete or Fragment
> --No crust or ~25%, ~50%, ~75% or 95+% crust
> --Condition and extent of weathering
> Measurement (H x W x D):
> Weight:
> Provenance:
> Reserve:
> Will you be present at the auction?
>
>
>
> Can you explain what a "reserve" is? A "reserve" is the absolute lowest
fee that consignors accept PRIOR to the deduction of the 10% consignor's
fee. The reserve is not published in the catalog. However, consignments with
reserves will be indicated in the catalog with a bullet (*).
>
>
> Why would I want a reserve?
> Reserves are used as a mechanism to protect the consignor so that an item
will not sell for too low a price. However, should a consignment's estimated
value be less than $300, no reserve will be allowed.
>
>
> What are "estimated values"?
> A guideline of what it is believed the consignment should bring at
auction.
>
>
> Do you prefer consignments with either no reserve.or low reserves?
> Yes. Consignments with no reserves or modest reserves are far more likely
to result in a successful sale.
>
>
> Can I insist on a high reserve?
> No. If the reserve you wish to set is, in my estimation, too high, I will
refuse the consignment. The philosophy of this sale is to offer choice
merchandise that is attractively priced, which will result in a spirited
marketplace.
>
>
> Are high reserves the only consideration in rejecting a consignment?
> No. If I believe the consignment competes with too many other similar
consignments, it will be rejected. Consignments will be accepted on a
first-come, first-served basis.
>
>
> As a consignor to the InnSuites auction, how much will this cost me?
> If your consignment sells, your cost will be 10% of the hammer price (the
highest bid). If your lot fails to sell, the sell-through fee (and
insurance, if so desired) will result in a cost of either 3% or 4%
(w/insurance) of the reserve price of the consignment.
>
>
> Are there deadlines to be a consignor?
> Yes. As a result of catalog deadlines (paper and cyber) the deadline will
be whenever the twelve slots are filled...my guess is by Tuesday, January
8th.
>
>
> There will be a catalog?
> There will be printed listing available at the InnSuites room 404, as well
as a page at Macovich.com.
>
>
> Is there a deadline for physically accepting consignments?
> Consignments will be physically accepted at the InnSuites room 404
commencing on February 1st for Early Preview. The latest a consignment will
be physically accepted 12:00 Noon on February 5th. If your consignment does
not arrive by this time, it will not be included in the auction. If you are
a registered consignor and fail to deliver your consignment, you will still
be assessed a 3% sell-through fee.
>
>
> If my consignment doesn't sell, how quickly can it be returned?
> Immediately following the sale.
>
>
> How quickly will I be paid after my consignment sells?
> In most cases, you will be paid within 24 hours. If your consignment sells
for more than $5000, five business days may be necessary. This will depend
entirely on the method of payment on the part of the buyer.
>
>
> That's it. Any questions, don't hesitate to get in touch.
>
> Darryl
>
>
>
>
>
>
>
>
>
>
> Show your support at the Red Cross Disaster Relief Fund -
http://s1.amazon.com/exec/varzea/ts/my-pay-page/PKAXFNQH7EKCX/058-5084202-71
56648
> _______________________________________________
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>
Received on Fri 04 Jan 2002 06:36:32 PM PST


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