Discuss our on-site auctions and other slot machine auctions.
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alan57
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Re: Peter Wilson Sale: 18/07/19

Postby alan57 » Sun Jul 14, 2019 8:44 am

Forgot to mention about this Wonders at the auction. I've not seen this machine before. The machine isn't working, ball jammed inside. Does anyone have any information on it? It has a low estimate, just wondered (please excuse the pun) if it may attract a lot of interest.
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gameswat
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Re: Peter Wilson Sale: 18/07/19

Postby gameswat » Sun Jul 14, 2019 11:07 am

That Wonders backflash looks like 1970s era artwork to me, when Victoriana was huge. Better than many remakes I've seen, but completely out of time with the '50s machine, so I'm no fan. I doubt it will create a bidding war of any kind as I'm sure most people would want to restore it back to a Wonders graphic.

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alan57
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Re: Peter Wilson Sale: 18/07/19

Postby alan57 » Sun Jul 14, 2019 11:50 am

Thanks Rory for the info. I think you're right, when people realise it's not a genuine Wonders backlash, it may put potential bidders off.

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treefrog
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Re: Peter Wilson Sale: 18/07/19

Postby treefrog » Sun Jul 14, 2019 1:04 pm

I wonder is if is an early machine as well in that cut down cabinet and different hinges....

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alan57
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Re: Peter Wilson Sale: 18/07/19

Postby alan57 » Tue Jul 16, 2019 7:41 am

Looking at Peter Wilson auction catalogue this morning and noticed at the bottom of each page they are stating their buyers commission is 26.4% inclusive of VAT @20%. Does this mean they are are only getting 6.4% commission for each sale?
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treefrog
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Re: Peter Wilson Sale: 18/07/19

Postby treefrog » Tue Jul 16, 2019 8:54 am

Ha ha, yes badly written, so their commission is 22%.....

About a month ago I almost wrote a two page rant about auction houses and what value do they actually bring and what should change to manage the ethics and guidelines on how they operate. Never posted it though, so here is a taste......

My biggest concern is over the years if you read the small print of a lot of auction houses, they seem to be taking less ownership for anything, especially as they are making anywhere between 35% and 60% on each item with buyer's and seller's commission. No longer do they:

- Take any responsibility for descriptions accuracy, it is buyer's responsibility.

- Take any responsibility for condition, it is buyer's responsibility to check for damage, repairs etc.

- Take any responsibility for damage whilst in the auction house to items if caused by a potential buyer.

- Take any responsibility for damage or loss of goods, from the point the hammer goes down, it is down to the buyer to provide insurance cover before collecting.

- Any damage caused by an item being removed, is buyer's responsibility, including to other lots.

- If an item is stated to be something different to what is described, it is down to the buyer to pursue directly with the vendor, the auction house takes no responsibility. They even send details to the seller to make sure they are happy before the sale.

Now I could go on for ever here, but considering a lot of sellers go to an auctioneer and specialist advisor to assess age, condition, value etc, how can it be the seller's responsibility to underwrite this? Apart from anything else, it proves how little auctioneers know. We have all probably had experiences of this, but is inexcusable when they cannot even be bothered to spell known makes of items correctly in their catalogues, e.g. l sold a Beswick large figure recently and it was described as Berwick, probably due to auto spell, issue being, a lot of people search online now and means this will be missed.

An awful lot of stuff going to auction these days is put in by unscrupulous dealers, hiding damage, repairs, age etc. and one would expect more effort by a dealer to identify. I recently bought some apparent 19th century shop cabinets as described, painted pine with large draws and cup handles. I could not move the items out to see the backs or sides as they had piled large amounts of other items on top. After winning and them being removed, I discover they were made no more than 20 years ago, once seeing the backs... Only recourse to go back to the vendor. :evil:

I would never expect auctioneers to know everything, e.g. of our hobby we know they know nothing, but a lot of run of the mill stuff they should and seem to be taking minimal if any ownership for anything...

Rant over... :didact: Feel better now.

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treefrog
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Re: Peter Wilson Sale: 18/07/19

Postby treefrog » Tue Jul 16, 2019 10:18 am

Interesting, Peter Wilson does not seem to publish their policies on their website or I could not find them. Only place I have found anything is the Salesroom terms for them, which are different to some other auction houses I have seen. I certainly believe it is worthwhile everyone understanding these for sales, as obviously they vary from auction house to auction house. Perhaps back to my point they should be consistent and to a certain standard. What is clear is that auctioneers state they act as agents and are not the sellers, which is the key point I guess. It does seem that Peter Wilson have a clause that they will be responsible if an item has a fault that would not have been obvious to a buyer at the time, which should have been picked up by the auctioneers. What that means I am not clear on though......

Funny, I have never understood why people sell certain items at auction, e.g. bullion, gold, silver etc, as these sell close to bullion prices including commission. So if a seller sells a gold sovereign, which say is worth £250, it will reach £200 in the sale and they get less than £160 back after commission. If you take a coin to a dealer, they will normally offer a much smaller % below spot price, way less than 10%... in fact some below 4%.

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coppinpr
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Re: Peter Wilson Sale: 18/07/19

Postby coppinpr » Tue Jul 16, 2019 11:51 am

I've been going auctions since the mid '60s and what always amazes me is that all auction house personnel (with the exception of our very own 2 j's) seem to be a mixture of Steve Hunt and Dell Boy. I went into Brighton General auctions yesterday and you would have thought I'd come to check their accounts rather than look at the lots. They actually asked me why I was there!! True, after a quick look round I did ask myself the same question. :lol:

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alan57
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Re: Peter Wilson Sale: 18/07/19

Postby alan57 » Wed Jul 17, 2019 3:22 pm

Weather tomorrow looks to be cloudy and warm, so for those going to the auction tomorrow hope to meet you there. I'm sure some lots will go for crazy online bidders !OMFG!

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coppinpr
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Re: Peter Wilson Sale: 18/07/19

Postby coppinpr » Thu Jul 18, 2019 10:50 am

Just watched the Wilson sale online, I had a few bids but won nothing. Almost got one item, the fag allwin, which went quite cheap at, I think, £280+ com.
It was a very mixed bag, as expected, some of the high estimates were in fact reserve prices and several of the high priced items didn't sell. The Rok-o-la Worlds Fair seems to have been withdrawn prior to the start, unless I missed it. The hammer prices on some machines including some allwins seemed OK but killed by the commission in most cases. The R&W Fill Em Up seemed cheap at £380 (hammer price). The Boland machines I was interested in were very high - £1500 for the Film Stars (+ commission!), £850 for the Bomber Command. Lowest I saw was a Mills pinball on legs for £45 (?). Most prices were very high inc. commission (Win a Kit Kat £500+ commission). My "man on the spot" told me many machines in poor condition and almost impossible to gain access to the insides. :cool:


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