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#1
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increase in auction buyers premium
was i asleep at the wheel, when they all jumped above 20% , WTH
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#2
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I've been actively using auction sites probably the last 3-4 years...and they've all been around 20% since I've been searching them. A bit steep so I don't buy much unless its something I absolutely need for my collection.
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#3
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old fogey vents
I sure do miss the old days when my "Sports Collectors Digest" would arrive. It was smaller and fatter in those days with lots of great ads....and very few auctions.
20%? Dump the Auctions. |
#4
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thats why the only auction I'd consign to is BST
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#5
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Fees
Probably the reason for PWCC and Probstein's following(lack of hammer fees).
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#6
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Premiums
As strictly a buyer I do not care what premium is applied on the sale, only that I know what is is up front so that I can factor it into the price I am willing to pay for the item. I get more annoyed by unstated/unexpectedly high shipping/insurance charges
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#7
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Exactly. The people who should be most concerned about high buyer's premiums are consignors.
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#8
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20% will definitely make me take pause when considering next consignment. There are other options out there for sure.
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#9
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One would think that the hammer price for an item in a 0% Buyer's Premium auction would be about 20% higher than the hammer price for the same item in a 20% Buyer's Premium auction................
but then again that would presume that all bidders are thinking.
__________________
FRANK:BUR:KETT - RAUCOUS SPORTS CARD FORUM MEMBER AND MONSTER NUMBER FATHER. GOOD FOR THE HOBBY AND THE FORUM WITH A VAULT IN AN UNDISCLOSED LOCATION FILLED WITH NON-FUNGIBLES 274/1000 Monster Number Nearly*1000* successful B/S/T transactions completed from 2012 to 2024. Over 680 sales with satisfied Board members served. If you want fries with your order, just speak up. Thank you all. Now nearly PQ. |
#10
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they both have hammer fees. PWCC's are just as bad as the major AH's. At least Probsteins are reasonable
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#11
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It continues to amaze how many people do not understand this.
__________________
My avatar is a sketch by my son who is an art school graduate. Some of his sketches and paintings are at https://www.jamesspaethartwork.com/ He is available to do custom drawings in graphite, charcoal and other media. He also sells some of his works as note cards/greeting cards on Etsy under JamesSpaethArt. |
#12
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Juice
Ah, the "juice." Making unaffordable cards even more unaffordable since its inception. By the time you buy a $100 card, it's $120, but no wait, it may be as high as $140 after shipping, heck of a deal.
__________________
Seeking Type 1 photos especially Ruth I still love the hobby |
#13
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And here I was thinking how great it was that I was picking up $100 cards with $75 bids.
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#14
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Yes, I agree, so many people don't "get" that actually bid price in most cases is 20% below final price...that's why VCP and others always use final price and it almost always matches the non-auction values...
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#15
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I agree. The ones who suffer the most are the consigners. They would get more, if it wasn't for the hammer price, etc.
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#16
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+1
__________________
... http://imageevent.com/derekgranger HOF "Earliest" Collection (Ideal - Indiv): 250/346 (72.3%) 1914 T330-2 Piedmont Art Stamps......: 114/119 (95.8%) 1923 V100 Willard's Chocolate............: 180/180 (100%) |
#17
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+0.2
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#18
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I live in CA, so sites like heritage and memory lane have an effective 30% premium with tax (8.5%) and shipping added in. It makes it hard to compete with guys bidding in states with no sales tax.
__________________
Successful transactions with peter spaeth, don's cards, vwtdi, wolf441, 111gecko, Clydewally, Jim, SPMIDD, MattyC, jmb, botn, E107collector, begsu1013, and a few others. |
#19
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game
Quote:
just joking of course, but that is a crappy deal
__________________
Seeking Type 1 photos especially Ruth I still love the hobby |
#20
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I may be in the minority here, but I don't begrudge the auctioneers their livings. Most of them perform a valued service for sellers and buyers on a contingent basis: no sale = no cost to the consignor. With the costs of eBay and Paypal to the casual [no store] seller running around 13% if the item sells, paying another 7% to the AH to take care of things like cataloging, scanning, fulfillment and collections is a no-brainer for me.
The other factor at work with BP rates is that many [most?] consignors now demand and are given 0% commission deals. There are enough auction alternatives that a consignor with halfway decent stuff can limit the AH's take to the BP. I walked away from one AH that wanted 5% commission on top of a 20% BP and placed my stuff with someone else who offered no commission deals. Some even give back a piece of the BP on higher outcomes. I think BST had a sign at the National with a list of BP nets for higher price sales and I think Probstein had one too.
__________________
Read my blog; it will make all your dreams come true. https://adamstevenwarshaw.substack.com/ Or not... |
#21
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I don't have a problem with anyone or any auction house getting paid for their services. No one should work for free. I was just saying that on sites like I mentioned the premium and tax generally puts the price of a card beyond what I'm willing to pay.
And with guys like PWCC and Probstein who charge only an 8-12% commission depending on what an item sells for, it can make them more attractive and help a consignor net more as a result.
__________________
Successful transactions with peter spaeth, don's cards, vwtdi, wolf441, 111gecko, Clydewally, Jim, SPMIDD, MattyC, jmb, botn, E107collector, begsu1013, and a few others. |
#22
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Although I agree that most buyers taking BP into consideration for pricing the final price of bids, I do think that there is a side effect of increasing BP's. And that is making the bid increments larger. The higher the BP goes, the larger the increment, so I think it still would be worthwhile if some AH's offset this by reducing the bid increments.
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#23
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Quote:
A card that is currently at $1,000 + 20% BP = $1,200. The next increment is 10% of $1,000 = $1,100. Adding in the 20% BP and the full card price is now $1,320. $1,320 / $1,200 is still a 10% bid increment to the buyer (if they are smart enough to factor in the BP in the first place). While the dollar bid increments are larger with the BP's, the relative increments in percent are still unchanged.
__________________
... http://imageevent.com/derekgranger HOF "Earliest" Collection (Ideal - Indiv): 250/346 (72.3%) 1914 T330-2 Piedmont Art Stamps......: 114/119 (95.8%) 1923 V100 Willard's Chocolate............: 180/180 (100%) |
#24
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I can't remember which site it was, but there was a site that when I placed a bid, say $1,000, it actually noted that I was bidding $1,200 with the buyer's premium. I thought that was very helpful, and wish there was some way to require this. I'm sure it's not beneficial to the AH, since people may forget about the premium and bid more than they originally intended. But it does say something for the integrity of the site.
__________________
Successful transactions with peter spaeth, don's cards, vwtdi, wolf441, 111gecko, Clydewally, Jim, SPMIDD, MattyC, jmb, botn, E107collector, begsu1013, and a few others. |
#25
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Quote:
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#26
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Heritage does it, too.
__________________
Ed Collecting PCL, Southern Association, and type cards. http://hangingjudgesports.com |
#27
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__________________
Successful transactions with: polakoff, Paul S, xplainer, marvymelvin, lordstan, Thromdog, pow323, Golfcollector, OldJudge, frankbmd, kamikidEFFL, jcc6252, sam majors, t206fix, brian29575, bbsports, jfkheat |
#28
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Quote:
__________________
My avatar is a sketch by my son who is an art school graduate. Some of his sketches and paintings are at https://www.jamesspaethartwork.com/ He is available to do custom drawings in graphite, charcoal and other media. He also sells some of his works as note cards/greeting cards on Etsy under JamesSpaethArt. Last edited by Peter_Spaeth; 08-06-2015 at 06:14 PM. |
#29
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bottom line is, shop around.
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#30
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Quote:
It must have been Heritage where I saw that.
__________________
Successful transactions with peter spaeth, don's cards, vwtdi, wolf441, 111gecko, Clydewally, Jim, SPMIDD, MattyC, jmb, botn, E107collector, begsu1013, and a few others. |
#31
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I think what we were saying is that we appreciate the feature - the more transparency the better. By your reasoning, why put the buyer's premium on the web at all - it isn't very hard to pick up the phone and call and ask.
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#32
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Quote:
In other words, we'll all get to suffer together. Oh, and the point about consignors getting the short end of the stick with these increases is exactly right. Last edited by bcornell; 08-06-2015 at 07:31 PM. |
#33
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Not to get political, but if this Country would go to a "flat tax" or "fair tax" and tax everyone when they buy something, then you can eliminate the IRS. The taxable rate should be between 25-28 percent. Then people can bring home all the money they earn and when they "choose" to spend it, then they get taxed on it. It all works out the same.
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#34
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Quote:
__________________
Successful transactions with peter spaeth, don's cards, vwtdi, wolf441, 111gecko, Clydewally, Jim, SPMIDD, MattyC, jmb, botn, E107collector, begsu1013, and a few others. |
#35
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Not time for a political discussion
Please so much was left out of this it's silly. Not even close to the whole discussion or effect it would have, and this isn't the place for that type of discussion.
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#36
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Here's my method for keeping track of the buyer's premiums (Chrome Favorite's List):
__________________
Successful transactions with: polakoff, Paul S, xplainer, marvymelvin, lordstan, Thromdog, pow323, Golfcollector, OldJudge, frankbmd, kamikidEFFL, jcc6252, sam majors, t206fix, brian29575, bbsports, jfkheat |
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