New York, NY -- (SBWIRE) -- 07/13/2018 -- Cherrystone Auctions has reviewed its stamp consignment policy and published the update on its website. Interested philatelists can download the final version for soft copy access or printing from the website. The company has also posted a summarized version on its website for online reading.

The New York stamp dealer, Cherrystone Auctions, has shared an updated version of its consignment policy on its website. The updated version is titled "Selling your Stamp Collection Advantageously through Cherrystone Auctions: A brief guide to the consignment process" and it is available as a free-for-download brochure on the company's website. The company has also summarized the updates and published them on the website for a quick read. The whole update is featured in a 16-page downloadable and printable brochure. It is a colorfully designed document featuring lots of rare stamp images from actual Cherrystone catalogues. The updated consignment policy requires the total consignment to have a minimum market value of $5,000, with individual lots averaging a minimum of $200. However, Cherrystone may be willing to waive the minimum for individual lots if items are of exceptional interest.

Cherrystone Auctions will be charging all vendors a commission of only 10% on the hammer price of auctioned lots and there is no commission for unsold lots. For its marketing services, Cherrystone ensures extensive distribution of lavishly illustrated catalogues to one of the best international mailing lists comprised of thousands of loyal customers. The 10% vendor's commission includes lotting, photography (in color where appropriate), insurance (including while in transit) and extensive worldwide advertising. Cherrystone offers free comprehensive insurance coverage to all consignors and is in effect from the moment of consignment until the moment the materials are received by the buyer. The company offers interest-free advances of up to 75% of pre-sale estimates and it guarantees prompt settlements/payments, which are made 45-60 days from the date of the sale. Any lots placed on extension are paid as they clear extension.

Further details about the stamp auction house can be found here, https://plus.google.com/100240541947482028689.

About Cherrystone Auctions
Cherrystone Auctions is a global leader in Philatelic Auctions, bringing over to $30 million worth of stamps and postal history to market yearly. Founded in 1967, the company has grown into one of the world's leading philatelic auction houses, specializing in sales of high quality stamps and postal history of the United States and the World. Cherrystone hosts public stamp auctions every six to eight weeks in New York City. The company is a member of all major philatelic organizations, both in the United States and abroad, including the Collector's Club of New York, U.S. Classics Society, ASDA, IFSDA, PTS, American Philatelic Society, MEPSI, Polonus, Rossica, and many others.

Reviews of Cherrystone can be found here, https://www.google.com/maps/place/Cherrystone+Auctions/@40.765176,-74.0129631,13z/data=!4m18!1m12!4m11!1m3!2m2!1d-73.9786308!2d40.7655011!1m6!1m2!1s0x89c258f745eaf831:0x3afa6bcffd833576!2sCherrystone+Auctions,+119+W+57th+St+Suite+316,+New+York,+NY+10019!2m2!1d-73.9779668!2d40.7650684!3m4!1s0x89c258f745eaf831:0x3afa6bcffd833576!8m2!3d40.7651163!4d-73.9779436.

Name: Cherrystone Auctions, Inc.
Contact: Joshua Buchsbayew
Address: 119 West 57th Street, Suite 316. New York, NY 10019
Phone: 212-977-7734
Email: info@cherrystoneauctions.com
Website: https://www.cherrystoneauctions.com