Any GUU Auction Surprises?

[CollectGU]

From a financial standpoint, I was surprised at how low the totals in the auction were as a whole. I think the total was approximately $150,000 in sold merchandise for 6 months worth of time spent putting it together. That translates to approx. $37,000 in gross profit, minus cost associated in putting the auction together, advertising etc puts the net profit lower. Great for buyers not so great for consigners....

Dave

[yankees159]

Dave, the overall number has nothing to do with cosignors. I think GUU had less items than most auctions, probably because they have higher standards regarding items they accept. Personally, I thought they got some good numbers on quite a few items wich is what relates to consinors. Overall for their second auction I was very impressed with the quality of merchandise and think it shows that GUU will be a major player in the future.

By the way, since you said it was so good for buyers, given that you constantly buy to re-sell to try to make a profit, what items did you win in the GUU's auction to re-sell?

Todd

[mvandor]

Dave, the overall number has nothing to do with cosignors. I think GUU had less items than most auctions, probably because they have higher standards regarding items they accept. Personally, I thought they got some good numbers on quite a few items wich is what relates to consinors. Overall for their second auction I was very impressed with the quality of merchandise and think it shows that GUU will be a major player in the future.

By the way, since you said it was so good for buyers, given that you constantly buy to re-sell to try to make a profit, what items did you win in the GUU's auction to re-sell?

Todd

Very good question for the friend of the established auction houses. Dave?

[CollectGU]

I didn't buy anything in the auction. I was the underbider on a few pieces