Collectium vs. Auction Houses

jun 29, 2024 | Auction Houses

Collectium vs. Auction Houses

Welcome to Collectium, the premier online platform for collectors of historical numismatic items such as coins, banknotes, gold, silver, and securities. Designed to make numismatics accessible to enthusiasts of all experience levels, Collectium offers a comprehensive suite of features to help you organize, value, and expand your collection. Our vision is to become the leading platform for numismatic collectors in the Nordics, with a global reach. Explore our planned features, including a relationship-based collector catalog, expert evaluations, flexible auctions, and much more. Join us in building a vibrant community of collectors and dealers across Europe.

1. Collectium Overview

Vision: To become the leading platform for collectors of historical numismatic items in the Nordics, with ambitions to become a global meeting place for collectors.
Country: Norway, establishing a department for each country with dealer agreements.
Number of Offices: 1 (headquarters, online)

Fees and Costs:

  • Submission Fee: Varies based on item type and value
  • Sales Fee: Planned to be competitive with the market, details to be announced
  • Storage Cost: Incurred if the item needs to be stored for an extended period before sale
  • General Transaction Cost: Includes documentation and administrative fees
  • Payment Fee/Cost: 2-5%
  • Transport Cost: Varies based on destination
  • Planned Features:
  1. Relationship-based collector catalog
  2. Quality assessment and valuation of items
  3. Historical data and price estimates
  4. Forum for collector discussions
  5. Flexible auctions and trade opportunities
  6. Membership levels (Bronze, Silver, Gold, Gold Plus)
  7. Online shop for Collectium-branded products
  8. Live auctions
  9. Online auctions
  10. Catalogs
  11. Expert evaluations in collaboration with dealers

Note: Since the concept is in the development stage, these features are not yet active.

  • Number of Items Sold Annually: We are starting up soon.
  • Source: Collectium.no

2. List of Auction Houses

  1. Sotheby’s
    • Country: USA (headquarters), international presence
    • Number of Offices: Over 80 offices worldwide
    • Type of Collectibles: Art, antique furniture, jewelry, rare books, modern art, LP records, sculptures
    • Fees and Costs:
      • Submission Fee: Varies based on item type and value
      • Sales Fee: 25% buyer’s premium up to $300,000, then 20% up to $3,000,000, and 13.9% above $3,000,000
      • Storage Cost: Incurred if the item needs to be stored for an extended period before sale
      • General Transaction Cost: Includes documentation and administrative fees
      • Payment Fee/Cost: 2-5%
      • Transport Cost: Varies based on destination; domestic: $50-$200, international: $200-$1000
    • Number of Items Sold Annually: Over 100,000
    • Features: Live auctions, online auctions, private sales, art financing, catalogs, art insurance, expert evaluations
    • Source: Sotheby’s Official Website
  2. Christie’s
    • Country: United Kingdom (headquarters), international presence
    • Number of Offices: Over 50 offices worldwide
    • Type of Collectibles: Art, antique furniture, porcelain, jewelry, modern art, antique artworks, graphics
    • Fees and Costs:
      • Submission Fee: Varies based on item type and value
      • Sales Fee: 25% buyer’s premium up to $250,000, then 20% up to $4,000,000, and 13.5% above $4,000,000
      • Storage Cost: Incurred if the item needs to be stored for an extended period before sale
      • General Transaction Cost: Includes documentation and administrative fees
      • Payment Fee/Cost: 2-5%
      • Transport Cost: Varies based on destination; domestic: $50-$200, international: $200-$1000
    • Number of Items Sold Annually: Over 80,000
    • Features: Live auctions, online auctions, private sales, art financing, catalogs, art insurance, expert evaluations
    • Source: Christie’s Official Website
  3. Heritage Auctions
    • Country: USA
    • Number of Offices: 10 offices in the USA and internationally
    • Type of Collectibles: Coins, sports memorabilia, antique stamps, retro game consoles, vintage radios, signed books, rare books
    • Fees and Costs:
      • Submission Fee: Varies based on item type and value
      • Sales Fee: 20% buyer’s premium
      • Storage Cost: Incurred if the item needs to be stored for an extended period before sale
      • General Transaction Cost: Includes documentation and administrative fees
      • Payment Fee/Cost: 2-5%
      • Transport Cost: Varies based on destination; domestic: $50-$200, international: $200-$1000
    • Number of Items Sold Annually: Over 50,000
    • Features: Online auctions, live auctions, expert evaluations, catalogs, membership program, financing
    • Source: Heritage Auctions Official Website
  4. Bonhams
    • Country: United Kingdom
    • Number of Offices: Over 20 offices worldwide
    • Type of Collectibles: Art, antique furniture, antique clocks, jewelry, antique artworks, vintage toys, rare books
    • Fees and Costs:
      • Submission Fee: Varies based on item type and value
      • Sales Fee: 25% buyer’s premium up to $300,000, then 20% up to $3,000,000, and 13.9% above $3,000,000
      • Storage Cost: Incurred if the item needs to be stored for an extended period before sale
      • General Transaction Cost: Includes documentation and administrative fees
      • Payment Fee/Cost: 2-5%
      • Transport Cost: Varies based on destination; domestic: $50-$200, international: $200-$1000
    • Number of Items Sold Annually: Over 40,000
    • Features: Live auctions, online auctions, valuation services, catalogs, art financing, advisory
    • Source: Bonhams Official Website
  5. Robert Edward Auctions
    • Country: USA
    • Number of Offices: 2 (USA)
    • Type of Collectibles: Sports memorabilia, signed jerseys, signed balls, sports equipment, trading cards
    • Fees and Costs:
      • Submission Fee: Varies based on item type and value
      • Sales Fee: 20% buyer’s premium
      • Storage Cost: Incurred if the item needs to be stored for an extended period before sale
      • General Transaction Cost: Includes documentation and administrative fees
      • Payment Fee/Cost: 2-5%
      • Transport Cost: Varies based on destination; domestic: $50-$200, international: $200-$1000
    • Number of Items Sold Annually: Over 10,000
    • Features: Online auctions, live auctions, expert evaluations, catalogs, membership program
    • Source: Robert Edward Auctions Official Website
  6. Phillips
    • Country: United Kingdom (headquarters), international presence
    • Number of Offices: 9 offices worldwide
    • Type of Collectibles: Contemporary art, modern art, photography, design, watches, jewelry
    • Fees and Costs:
      • Submission Fee: Varies based on item type and value
      • Sales Fee: 25% buyer’s premium up to $500,000, then 20% up to $5,000,000, and 12% above $5,000,000
      • Storage Cost: Incurred if the item needs to be stored for an extended period before sale
      • General Transaction Cost: Includes documentation and administrative fees
      • Payment Fee/Cost: 2-5%
      • Transport Cost: Varies based on destination; domestic: $50-$200, international: $200-$1000
    • Number of Items Sold Annually: Over 30,000
    • Features: Live auctions, online auctions, private sales, art financing, catalogs, valuation services
    • Source: Phillips Official Website
  7. Bruun Rasmussen
    • Country: Denmark
    • Number of Offices: 3 (Denmark)
    • Type of Collectibles: Coins and banknotes, art, antiques, design, jewelry, watches, wine, books
    • Fees and Costs:
      • Submission Fee: Varies based on item type and value
      • Sales Fee: 24% buyer’s premium
      • Storage Cost: Incurred if the item needs to be stored for an extended period before sale
      • General Transaction Cost: Includes documentation and administrative fees
      • Payment Fee/Cost: 2-5%
      • Transport Cost: Varies based on destination; domestic: $50-$200, international: $200-$1000
    • Number of Items Sold Annually: Over 25,000
    • Features: Live auctions, online auctions, valuation services, catalogs, advisory
    • Source: Bruun Rasmussen Official Website
  8. Dorotheum
    • Country: Austria
    • Number of Offices: 12 offices worldwide
      • Number of Offices: 12 offices worldwide
      • Type of Collectibles: Art, antiques, jewelry, clocks, cars, modern art
      • Fees and Costs:
        1. Submission Fee: Varies based on item type and value
        2. Sales Fee: 25% buyer’s premium
        3. Storage Cost: Incurred if the item needs to be stored for an extended period before sale
        4. General Transaction Cost: Includes documentation and administrative fees
        5. Payment Fee/Cost: 2-5%
        6. Transport Cost: Varies based on destination; domestic: $50-$200, international: $200-$1000
      • Number of Items Sold Annually: Over 20,000
      • Features: Live auctions, online auctions, valuation services, catalogs, private sales, art financing
      • Source: Dorotheum Official Website
  9. Koller Auctions
    • Country: Switzerland
    • Number of Offices: 5 (Switzerland and France)
    • Type of Collectibles: Art, furniture, jewelry, watches, modern art, photography
    • Fees and Costs:
      1. Submission Fee: Varies based on item type and value
      2. Sales Fee: 25% buyer’s premium
      3. Storage Cost: Incurred if the item needs to be stored for an extended period before sale
      4. General Transaction Cost: Includes documentation and administrative fees
      5. Payment Fee/Cost: 2-5%
      6. Transport Cost: Varies based on destination; domestic: $50-$200, international: $200-$1000
    • Number of Items Sold Annually: Over 15,000
    • Features: Live auctions, online auctions, valuation services, catalogs, advisory
    • Source: Koller Auctions Official Website
  10. Freeman’s
    • Country: USA
    • Number of Offices: 4 (USA)
    • Type of Collectibles: American art, European art, jewelry, books, furniture, modern art
    • Fees and Costs:
      1. Submission Fee: Varies based on item type and value
      2. Sales Fee: 25% buyer’s premium
      3. Storage Cost: Incurred if the item needs to be stored for an extended period before sale
      4. General Transaction Cost: Includes documentation and administrative fees
      5. Payment Fee/Cost: 2-5%
      6. Transport Cost: Varies based on destination; domestic: $50-$200, international: $200-$1000
    • Number of Items Sold Annually: Over 12,000
    • Features: Live auctions, online auctions, valuation services, catalogs, advisory
    • Source: Freeman’s Official Website
  11. Rago Arts and Auction Center
    • Country: USA
    • Number of Offices: 1 (USA)
    • Type of Collectibles: Modern art, design, jewelry, furniture, ceramics, glass
    • Fees and Costs:
      1. Submission Fee: Varies based on item type and value
      2. Sales Fee: 25% buyer’s premium
      3. Storage Cost: Incurred if the item needs to be stored for an extended period before sale
      4. General Transaction Cost: Includes documentation and administrative fees
      5. Payment Fee/Cost: 2-5%
      6. Transport Cost: Varies based on destination; domestic: $50-$200, international: $200-$1000
    • Number of Items Sold Annually: Over 10,000
    • Features: Live auctions, online auctions, valuation services, catalogs, advisory
    • Source: Rago Arts and Auction Center Official Website
  12. Skinner Inc.
    • Country: USA
    • Number of Offices: 4 (USA)
    • Type of Collectibles: Art, antiques, jewelry, furniture, modern art, wine
    • Fees and Costs:
      1. Submission Fee: Varies based on item type and value
      2. Sales Fee: 23% buyer’s premium
      3. Storage Cost: Incurred if the item needs to be stored for an extended period before sale
      4. General Transaction Cost: Includes documentation and administrative fees
      5. Payment Fee/Cost: 2-5%
      6. Transport Cost: Varies based on destination; domestic: $50-$200, international: $200-$1000
    • Number of Items Sold Annually: Over 10,000
    • Features: Live auctions, online auctions, valuation services, catalogs, private sales, art financing
    • Source: Skinner Inc. Official Website
  13. Swann Auction Galleries
    • Country: USA
    • Number of Offices: 1 (USA)
    • Type of Collectibles: Books, photography, prints, art, posters, manuscripts
    • Fees and Costs:
      1. Submission Fee: Varies based on item type and value
      2. Sales Fee: 25% buyer’s premium
      3. Storage Cost: Incurred if the item needs to be stored for an extended period before sale
      4. General Transaction Cost: Includes documentation and administrative fees
      5. Payment Fee/Cost: 2-5%
      6. Transport Cost: Varies based on destination; domestic: $50-$200, international: $200-$1000
    • Number of Items Sold Annually: Over 8,000
    • Features: Live auctions, online auctions, valuation services, catalogs, advisory
    • Source: Swann Auction Galleries Official Website
  14. Wright
    • Country: USA
    • Number of Offices: 1 (USA)
    • Type of Collectibles: Modern design, contemporary art, jewelry, furniture, ceramics
    • Fees and Costs:
      1. Submission Fee: Varies based on item type and value
      2. Sales Fee: 25% buyer’s premium
      3. Storage Cost: Incurred if the item needs to be stored for an extended period before sale
      4. General Transaction Cost: Includes documentation and administrative fees
      5. Payment Fee/Cost: 2-5%
      6. Transport Cost: Varies based on destination; domestic: $50-$200, international: $200-$1000
    • Number of Items Sold Annually: Over 5,000
    • Features: Live auctions, online auctions, valuation services, catalogs, private sales
    • Source: Wright Official Website
  15. Leslie Hindman Auctioneers
    • Country: USA
    • Number of Offices: 5 (USA)
    • Type of Collectibles: Art, jewelry, antiques, modern art, furniture
    • Fees and Costs:
      1. Submission Fee: Varies based on item type and value
      2. Sales Fee: 25% buyer’s premium
      3. Storage Cost: Incurred if the item needs to be stored for an extended period before sale
      4. General Transaction Cost: Includes documentation and administrative fees
      5. Payment Fee/Cost: 2-5%
      6. Transport Cost: Varies based on destination; domestic: $50-$200, international: $200-$1000
    • Number of Items Sold Annually: Over 5,000
    • Features: Live auctions, online auctions, valuation services, catalogs, private sales, art financing
    • Source: Leslie Hindman Auctioneers Official Website

Summary

Collectium

  • Country: Norway
  • Number of Offices: 1 (headquarters, online, planning branches and dealers throughout Europe)
  • Planned Features: Relationship-based collector catalog, quality assessment and valuation of items, historical data and price estimates, forum for collector discussions, flexible auctions and trade opportunities, membership levels for collectors, online shop for Collectium-branded products, various auction methods, catalogs, art insurance, expert evaluations in collaboration with dealers
  • Fees and Costs:
    • Submission and Sales Fees: Varies based on item type and value per dealer
    • Storage Cost: Incurred if the item needs to be stored for an extended period before sale
    • General Transaction Cost: Includes documentation and administrative fees
    • Payment Fee/Cost: 2-5%
    • Transport Cost: Varies based on destination
    • Dealers’ License Fee and Fixed Sales Fee: Applies
    • Membership Fee: 500 NOK to 5000 NOK

Note: All auction houses can become dealers in Collectium.

Anyone interested in discussing dealership opportunities with Collectium can contact us at Post@Collectium.no. It is essential to cover all municipalities in each country. In Norway, we have received significant interest and are actively working to ensure that the opportunities are beneficial for everyone.

#Hastags

#Coin, #Banknote, #Gold, #Silver, #Securities, #Art, #AntiqueFurniture, #Jewelry, #RareBooks, #ModernArt, #LPRecords, #Sculpture, #Porcelain, #AntiqueArtworks, #Graphics, #SportsMemorabilia, #AntiqueStamps, #RetroGameConsoles, #VintageRadios, #SignedBooks, #AntiqueClocks, #VintageToys, #TradingCards, #Photography, #Design, #Watches, #ContemporaryArt, #Wine, #Cars, #Ceramics, #Glass, #Posters, #Manuscripts,