Like most firms, Prestige Philately has a rather technical, legalistic set of terms for doing business (see below). Unlike most firms, our Vendor Terms are designed to benefit both parties, not just the auction house. And, unlike most firms, our terms are simple and easy to understand.
Our Vendor Terms can be summed up in a single sentence: You give us the responsibility to market your material, we do the job as professionally as possible, and charge you a fair price for doing so.
Unlike most other auction firms, we are paid purely on performance. We charge you a simple, no nonsense, flat 14% commission rate on sales. The better the sale price, the more we both benefit. We earn more in commissions, and you get a better final result. And if we fail to achieve a sale, we don’t deserve to get paid. So, no sale, no charge.
At Prestige Philately we don’t charge you any “hidden extras”. NO lotting fees; NO minimum value penalties; NO unsold lot fees; NO charge for illustrations (and they’re all in colour); NO advertising levy; NO insurance “contribution”.
When you entrust your treasures to Prestige Philately, you can be confident that you will receive the best overall package possible. Specifically, you are assured of professional lotting and describing, sensible estimates, excellent presentation of your material in world-class full-colour catalogues, outstanding results and, finally, on-time Payment.
As we put it: "Results with Intergrity".
Is my collection
This is one of the most frequent questions we are asked and it is also
the hardest to answer. The key to stamp values lies in many different
and sometimes obscure variables which in the majority of cases only an
experienced philatelic professional can assess. Too often collectors are
given incorrect information as to the value of their collection and make
uninformed decisions on how best to proceed with the sale of their assets.
The best way to determine the value of your stamp collection and whether
it is worth auctioning is to ask one of our in-house experts who can properly
assess your collection. We will provide you with friendly, professional
At Prestige our corporate motto is “Results with Integrity”.
Our aim is to achieve outstanding results for you without compromising
our professional and ethical standards. We pride ourselves on giving objective
advice to allow you to make a quality decision.
Signature Series - For Collections of Distinction
At Prestige we are particularly keen to talk with clients who wish to
take advantage of our top-end “Signature Series” sales for
collections of distinction. There is no better way for your collecting
achievements to be recognised than in a sumptuous hardbound full colour
catalogue in which all the illustrations are placed within the text, supported
by a permanent stand-alone website bearing your name.
What we provide below are unsolicited statements from our clients,
extracted from our daily letters, faxes and e-mails. We are extremely
grateful whenever a client takes the time and trouble to express enthusiastic
support for the service received from the team at Prestige Philately.
“The auction on Saturday was a fantastic experience and it
certainly showed why Prestige has the great reputation that it does…I
really enjoyed the day.” - SH (8/8/2011)
“For a first time bidder, I can say without hesitation that
I am dealing with an auction house with the highest integrity. I will
have no hesitation whatsoever in leaving large bids on your books once
again.” - AN - England (8/8/2011)
“Thanks for the fine result with my first part well ahead of
estimates! with only a handful unsold lots. I would like to speak to you
about the right time for selling my New Zealand collection.” - JH
- Denmark (8/8/2011)
At Prestige we believe in partnering with our vendors to achieve
maximum returns. We invite you to provide background information that
will help us market your material. In particular, how much did you pay
for your key items? Where did you buy them, and when? We invite you to
highlight unusual items. We invite you to submit a list of other collectors
who you think might be interested in your material.
We commit to providing you with exceptional levels of service. We offer you expert lotting, describing, and estimating. We offer you the finest catalogues produced in the Southern Hemisphere. We offer you promotional opportunities rarely available elsewhere. We aggressively develop our mailing list to create maximum competition for your material.
And we do all this for a highly competitive all-encompassing fee of 14%
on the hammer price of lots that are actually sold. If we fail
to sell any item, there is no charge, even if we have chosen to place
it on the front of the catalogue, or to advertise it around the world.
At Prestige you are dealing with collectors who understand the
effort you have put into acquiring items for your collection. As collectors,
we also know what other buyers are looking for. In addition, we keep our
finger on the pulse of the market so we have a very good feel for current
trends and price levels.
You have invested time, sweat and money in developing your collection.
Allow us to provide you with presentation of your material that adequately
reflects your commitment. And let us put a smile on your face when you
receive your vendor cheque!
What Happens Now?
- The Vendor Cycle
1. Vendor Receipt. When you consign to Prestige Philately,
the first thing we do is issue you with a statement of what you have left
with us. If delivery to our office is required, our receipt will specify
an agreed amount for which the material is fully insured in transit, at
no cost to you. (Insurance cover is also available for consignments sent
to us by registered mail or courier from any country. Just ask for it.)
The Vendor Receipt is signed by both parties as evidence of a contract
2. Lotting. This is a complicated process, requiring
the highest levels of professional skill and diligence on the part of
our philatelists. It is a three-part process, covering the actual lotting,
the describing, and the valuing of the material. This is not a job for
amateurs, or for the lazy and indifferent.
3. Pre-Auction Vendor Advice. About a month before the
sale, you will receive a copy of the auction catalogue and a detailed
list of all your material that is included in the sale.
4. Auction Day. You are welcome to attend and find out
first hand why so many people regard a Prestige auction as an “experience”,
first class entertainment in which they participate with enthusiasm. Prices
realised are made available on our website, and e-mailed to buyers and
sellers alike, immediately after the auction concludes.
5. Preliminary Vendor Advice. About a week after the
auction, we will mail out a detailed summary of your results.
6. Final Vendor Advice and Payment. Between 5 and 6
weeks after the auction, we will send you a further detailed advice that
includes any post-auction sales, any returned items(thank fully very few
from any auction), and any lots bought subject to obtaining a certificate
of authenticity. Payment will also be made at this time by cheque, bank
draft, or direct deposit into your bank account, as you prefer.
7. Unsold Lots. Our policy is to re-offer any unsold
lots in a subsequent auction. However, you may request that they be returned
We are paid purely on performance. We charge you a simple,
no nonsense, flat 14% commission rate on sales. The better the sale price,
the more we both benefit. We earn more in commissions, and you get a better
final result. And if we fail to achieve a sale, we don’t deserve to get
paid. So, no sale, no charge.
At Prestige Philately we don’t charge you any "hidden
extras". NO lotting fees; NO minimum value penalties; NO unsold lot
fees; NO charge for illustrations (and they’re all in colour); NO advertising
levy; NO insurance "contribution".
When you entrust your treasures to Prestige Philately,
you can be confident that you will receive the best overall package possible.
Specifically, you are assured of professional lotting and describing,
sensible estimates, excellent presentation of your material in world-class
full-colour catalogues and, finally, outstanding results.
Distance is no barrier with our network of worldwide
agents and we will travel to pick-up major collections. We look forward
to assisting you and hope you become another of the legion of Prestige
Philately’s delighted vendors.
You are welcome to call us on +61 (3) 9762 6009 to discuss
your options or contact us via the link below.
Mailing instructions for Foreign Vendors
** Please note that material is accepted only for public auctions. Consignments should be worth at least $A2000,
with an average lot value of at least $A500.charge.
For security reasons it is important that you follow these instructions.
1. Send by registered or insured mail to
Gary Watson(or Richard Kennedy)
Boronia VIC 3155
Or, by courier - Fedex or DHL - to
Gary Watson(or Richard Kennedy)
Boronia VIC 3155
OurNB: Our insurers require that packages with contents worth more than $A25,000 (approximately $US25,000 or £17,000) must be sent to us by courier, and NOT by post. No single package should exceed $A100,000 in value unless prior arrangements have been made with Prestige Philately.
2. Do not identify contents. If required to declare contents, write "Printed Matter" or “Books”.
3. Do not put true value on outside. If required to declare value, state a low figure that shouldn’t attract attention from would-be thieves. For small sendings $A200 is appropriate. For larger sendings, state no more than $A500.
4. Include a note stating something casual such as "I am sending you these stamps for appraisal. If you think they might sell for at least $200 (or whatever you’ve declared on the package) please put them in auction for me."
5. Fax or e-mail details of despatch, plus any relevant paperwork including valuations etc.