Frequently asked Questions
Please find answers to fundamental questions below. If your question is not answered, please contact us!
Many companies advertise that they can get the "best prices" - why should I believe you?
There are many advantages to selling through our company including innovation, experience, world-record results, planning, promotion, and personal contact. We are truly a global company with wide knowledge, extensive experience and proven performance in every area of philately. You may only have one opportunity to put an auctioneer to the test - so we strongly suggest you check the auctioneer's fundamentals: do they have the experience, are they truly global in reach, do they hold the records to prove it? Have they sufficient reliable infrastructure to handle all the logistics from receipt to final settlement? At David Feldman USA, YOUR results matter!
How do I get my consignment to you?
First step: CONTACT US. We can then determine the best way to proceed – local representative, means of shipment, etc. and prepare the way for Customs and insurance. Often, we advise using an air courier service such as DHL or FedEx, or registered mail (all are covered by our insurance).
What happens when it reaches you?
A receipt is prepared that shows our preliminary valuation as well as the insured value. If auction is the way to go, it's assigned to one or more staff philatelists for describing, and your vendor number & receipt number stay with every item until lotting is done. You receive detailed listings and reports all the way.
How do you determine the value?
One of our staff of highly knowledgeable philatelists, with many years of experience, will be responsible to value each lot based on current market conditions. Lots can realize below, at or above these valuations, which are intended to be a guide for the bidders.
Do you accept reasonable reserves on key items?
Yes, provided we think we have a reasonable chance of selling the item. Reserves, We always strive to work with our vendors as a reliable partner in the sale of their properties.
What happens if a lot doesn't sell?
We can arrange to clear any unsold lots at a fixed percentage of the estimates, return them to you, or re-offer them again in another sale – whichever you prefer.
What is your seller's commission?
Commissions are negotiable. They can vary depending on the size and value of the consignment, the amount of work involved and other factors. We are very competitive with all other major auction firms, and excel at outstanding lot descriptions, award-winning catalogues and record-setting auction performance. Results matter – to us, and to you!
Do I pay a commission on unsold lots?
No, we only charge a commission when we have fully earned it, i.e. when we have sold the lot.
Are there any other charges?
We don't usually charge for lotting, or photos, or the return of unsold lots. If we feel that an item will sell better with an expert certificate, we will consult with you and then obtain the expertise; your final account would only be charged the actual costs involved.
When will I get paid?
Seller payments generally go out at the latest 42 calendar days after the date of the auction.
Can I get an advance against proceeds?
For substantial properties, we are prepared to make substantial advances. We charge a minimal interest rate (negotiable) until the date of sale.
What happens if a buyer defaults?
Fortunately, that very rarely happens! If we have advanced the merchandise, then we are obligated to pay you. If we have held the merchandise awaiting payment, then it remains your property, and we can re-offer it, sell it elsewhere or return it to you, at your option. Either way, you're covered!
What about insurance?
Your property is insured for its full value from the moment you entrust it to one of our representatives, or from the moment you mail it to us (by registered mail) or ship it by one of the air courier companies we use, until the moment you get paid for it. It's that simple. And it's “all risk” - whatever may happen, you're covered. It's always a good precaution to keep a list or set of photocopies in case of claim.
Would you consider buying outright for cash?
When circumstances warrant a fast sale, we are pleased to assist. The material would be covered by insurance from the moment it left your hands to the completion of the sale. Or we can arrange a brokered sale via "Private Treaty" to a third party.
Do you report proceeds to my home country?
No! If your collection is sold in Switzerland, Information or details cannot be released to any authority outside the Canton of Geneva. In addition, neither David Feldman SA (Switzerland) or David Feldman USA reports anything to the IRS as we have no way of determining if a capital gain or loss was recorded.
Can I get paid in my home currency?
Absolutely. New York and Switzerland are the world's banking centers, and we can arrange payment in any major currency. We pride ourselves on the classic virtue of discretion. Your business stays your business!
