Alt vault auction
Batches into the Alt vault, sold at auction.
- Best for
- Batches sold at auction from the Alt vault
- Why choose it
- Optional cash advance while they sell
- You’re paid
- Once every slab is paid
The terms
Fees, timing and what you send
Your payout
- You receive 94% of the final sale price, including the buyer’s premium.
Timing
- Processing
- About 1 week, not guaranteed
- Buyer pays
- 2 weeks after the auction ends
- You’re paid
- Once every slab is paid, with an itemized statement
What you send
- Scan of the slab for each slab
- Estimated value (optional)
Shipping and extras
- Optional cash advance while your slabs sell. Payout can take 1 to 2 weeks.
- We recommend filming your packing — only requested if an insurance claim is filed.
How it works
What happens, step by step
- 1
Upload a scan of every slab.
- 2
We itemize them and, if you want one, estimate a cash advance.
- 3
Ship the batch to our Alt vault.
- 4
The vault processes and auctions your slabs.
- 5
Once every buyer pays, you get 94% with an itemized statement.
Stages you’ll see in your tracker
- Submitted
- Itemized
- Cash advance (if it applies)
- Ready to ship
- Received at vault
- Processing and matched
- Queued for auction
- In auction
- Waiting on buyer payment
- Payout sent
- Complete
Questions
Alt questions
What are the fees?
Instagram (3%–5% fee): 3% on slabs over $10,000. 5% on slabs from $3,000 to $10,000. Under $3,000: rate confirmed after review. Charged on the full sale price of each slab..
Alt (94% payout): You receive 94% of the final sale price, including the buyer’s premium..
Fanatics (94% payout): You receive 94% of the final sale price, including the buyer’s premium..
How long does it take?
Instagram: you are paid per deal, once the slab is delivered. Timing depends on when an offer comes in.
Alt and Fanatics: processing is about 1 week, not guaranteed. Buyers have 2 weeks after the auction ends. You are paid once every slab in the batch is paid, with an itemized statement. A wait after the auction ends is normal.
How do I get paid?
Available methods: Wire transfer, [Other client-approved method]. We only ask for payout details once money is on its way to you.
Can I get a cash advance?
Yes, on Alt consignments. Request one when you submit; we estimate it after itemizing your scans. The advance is deducted from your final payout. Payout can take 1 to 2 weeks.
How the advance is calculated, and what happens if slabs sell low or do not sell: [Answer to be confirmed]
What happens if a slab does not sell at auction?
[Answer to be confirmed]
Is my shipment insured?
Fanatics orders estimated at $2,000 or more get a free insured overnight fedex label.
Insurance for other shipments: [Answer to be confirmed]
Do I need to film my packing?
It is not required. Film yourself packing, sealing and dropping off the box. Keep the video — we only ask for it if an insurance claim is filed.