‘89 Red Convertible

[Bob Preston]

Gateway Classic Cars in San Antonio just listed a Red ‘89 convertible for $26,000.

[ronmanfredi]

1 hour ago, Bob Preston said:

Gateway Classic Cars in San Antonio just listed a Red ‘89 convertible for $26,000.

It's the Dolenz car that I recently restored.  I consigned it to Gateway last week.

[Bob Preston]

Too bad there’s no mention of the vehicles history in the description. 
 

What sort of commission or fees do they charge to consign?

[ronmanfredi]

22 hours ago, Bob Preston said:

Too bad there’s no mention of the vehicles history in the description. 
 

What sort of commission or fees do they charge to consign?

They have the history, documents and photos. All consignment sellers use 12.5% as their basic markup.  Then they add more as a buffer to provide them negotiating room.  Lastly they look at current other similar cars for sale and adjust the price upwards if possible.  

[Bob Preston]

Thanks. I have a truck on consignment and they add a flat $3900 to the price the seller wants out of the vehicle plus they charge a couple hundred to run the ad and store the vehicle for up to 4 months.
 

That amount is pushing 25% of the price I’d like to get, which I believe has made the price too high, thus no buyer. Once the contract is up I’ll look for a consigner that charges the 12.5% fee which would be closer to $2000. Of course for someone selling a $100,000 car the fee is less than 4%.