This week we received the sad news that one of our consistently top-rated houses, Kaufman Realty and Auctions, no longer will be calling sessions interactively on Proxibid. Click the photo above to see the email blast that we received.
Kaufman increasingly was securing top consignments with good photographs. The company averaged two major auctions per month on Proxibid.
Those looking for the company can still bid online through its website at www.kaufman-auctions.com. You will have to create a new username and password as the Proxibid data will not apply in the new bidding platform.
A company spokesperson apologized for the change in online bidding providers but noted that the contract with Proxibid expired at the beginning of the year with an increase in charges per auction. So Kaufman decided it was no longer feasible to use Proxibid services.
Word about fee hikes is nothing new, as this seems to be happening in several venues associated with numismatics. PCGS, for instance, has raised its holdering fees. Several top auctions, including Stacks-Bowers, Heritage and Teletrade have raised their buyer’s premiums to 17.5%. Proxibid also has extensive technology to maintain and upgrade to keep pace with the buying public.
Nonetheless, we hope those serving our industry, including Proxibid, hold the line on fee increases in the future to preserve and expand the collecting hobby, especially during questionable economic times.
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.