When Proxiblog launched in May, one of our goals was to persuade auctioneers that a 15% or lower online buyer’s fee would spark competition. Moreover, we had to persuade several houses to show obverse and reverse of coins, with clear and expandable pictures. At the time, only 11 auctions met our Honor Roll standards. Now 51 do. Booyah!
We believe a combination of Proxibid’s professional customer service and proactive sales team, as well as expanded awareness of our standards, are factors in bringing online bidders more high-quality coin auctions.
We also hope that our Honor Roll auctions contract for APN clearance for easy, safe use of credit cards listed with Proxibid, making the online experience as convenient as eBay or other Internet portals, such as Heritage Auction, Teletrade and Great Collections.
As we have explained in almost 50 posts and articles, there are many ways to earn a profit selling coins to onsite and online bidders. Onsite bidders should help pay for set-up, as should outsourced concession providers. After all, those in vicinity of an auction probably also are checking lots online. And access to the onsite audience by area caterers also should come with a percentage fee to the house.
As for Proxibid sessions, we just happen to think a few small enhancements, such as APN clearance and adherence to Honor Roll standards, will be less costly, more effective and, in the end, profitable for everyone involved–especially bidders.
Proxiblog is an independent entity with no connection to the auction portal Proxibid. Our intent is to uphold basic numismatic standards as established by the American Numismatic Association and the National Auctioneer Association and to ensure a pleasurable bidding experience not only on Proxibid but also on similar portals such as iCollector and AuctionZip.