Modern technology has allowed
buyers and sellers of collectibles to comfortably transact business while being thousands
of miles apart. The internet provides a powerful visual presentations and allows
both parties to explore the secondary market without excessive costs and delays.
This tool has certain guidelines that should be followed. We have put together a short
list of items that may make the purchase or sale of collectibles a smooth one.
1) Find out as much information about the buyer or seller as possible, without being
obtrusive. Find out what the individual does for a living and if possible get a
business phone number in addition to residential information. You can always call
the place of employment to verify. Find out if they’re the original owner,
where they purchased the item, why they’re selling and if they have all the
appropriate paperwork. You can ask to see a
copy the certificate via fax or mail if
possible. A seller should not have a problem providing a potential buyer with enough
information to make them feel comfortable. At the same time, the seller should
collect as much information from the buyer as possible.
2) We recommend that the buyer and seller photocopy and exchange a valid
identification i.e. Driver’s License or State ID. The Social Security number
should be blacked-out if it is included
in the identification card, before showing the other party.
3) The buyer and seller can exchange a simple promissory note stating the terms of
sale, including a refund
policy and shipping expenses, etc.4) Using a bank to transfer funds via a wire service is a good idea.
This will cost the buyer a small fee unless it’s reimbursed by the seller, but the
transfer will be documented by a neutral party.
If either party is uncomfortable completing
a transaction, Art-Broker, LLC may assist the buyer or seller in certain cases
for a fee. Please call
1-808-395-3280 or email service@art-broker.com
for more information. Our transfer fee is approximately $150 plus shipping expense, keep
this in mind.
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