Mallard60022
Active Member
Vectis Auctions Day 2, Page 5, on 28/08.
Vectis Auctions | Model Train Auction Day 2
Vectis Auctions | Model Train Auction Day 2
That will depend on the bidders! What I would say is the reserve (if any) won’t be more than the lower estimate. So if the lower estimate is low, the item might sell for that, or for more, or a lot more — if there are two or more keen bidders who are prepared to fight for the item.How accurate are the Estimates compared to realised? A lot appear to be really low
Aim your bids accordingly. Or not at all.From the website re. Bidding on this sale:
Please Note: A reserve is set at 60% of bottom estimate for all Lots, if your bid does not meet this level you will need to bid again.The Buyers Premium is 22.5% +VAT (TOTAL 27%).
But probably not a lot different from the mark-up a retailer would hope to achieve.Aim your bids accordingly. Or not at all.
It’s a bitch for the family who are trying to get a decent return on late Dad‘s hobby collection, but the markup up is swingeing.
caveat emptor.


It’s not really up to the auction house. It’s a decision for the vendor — and rightly so. If someone wants to sell their collection as ‘theirs’, the auction house (including Vectis) will do that. Whole sales are sometimes ‘The Bill Smith collection’ etc. If the vendor wants confidentiality, s/he will get it. I have not come across an auction house concealing a maker (unless that is also the vendor). If known, the maker is a legitimate part of the description of the item for sale (locomotive believed to be by Beeson … etc). The ultimate decision whether to identify the maker is the maker’s. Someone can sign their work, or not, as they wish. Personally, as someone with an interest in vintage models, for significant objects like locomotives, coaches etc., I wish everyone would sign their work.I just find it sad that for things like old cars, the provenance is everything to an Auctioneer and can greatly increase values. But for model railways the Auctioneers often deliberately withhold the name of the maker and the vendor. I have known an auctioneer forward a letter to the vendor enquiring about the origins, but many won't, so the name of the person who put in all the work to built it will never be lknown.
I think that's sad and a poor reflection of the industry.
Mike
Make that four!A bit off topic here but after a phone call last night, there will probably be three EM collections available for sale at Expo EM North, Kettlethorpe High School, Wakefield on August 30th/31st
In addition to the ever popular Members Sales of course....