Any News on PWCC Auctions Going Forward?

[Rhotchkiss]

Is PWCC charging a buyers premium on their regular, monthly auctions? (They do charge the normal 20% BP on their premium auction)

[Kidnapped18]

Originally Posted by Rhotchkiss

Is PWCC charging a buyers premium on their regular, monthly auctions? (They do charge the normal 20% BP on their premium auction)

Ryan this is what I received from PWCC:
Hello Tony. There is not a buyers premium for items in our Monthly auctions. For full details on the New Monthly Auction you can see our FAQ through the link below and the fees on the link below that.

https://www.pwccmarketplace.com/faq#about-monthly
https://www.pwccmarketplace.com/submit-to-auction

[Snowman]

Originally Posted by Rhotchkiss

Is PWCC charging a buyers premium on their regular, monthly auctions? (They do charge the normal 20% BP on their premium auction)

I was wondering the same thing, but couldn't find any mention of it on their website. I doubt they will though. I think it's safe to assume the answer is no unless the listings themselves state otherwise. On their Premier Auctions, it notifies you of a 20% buyer's premium every time you bid, so I assume these would be the same if it applied.

From a business process standpoint, I think it would be a mistake for them to do it that way since most of these buyers and consigners are used to dealing with them through eBay and are used to just paying PWCC a consignment fee of x% of the closing price. I think BPs are seen more in the premium auction house space, so they probably won't want to introduce that onto this new platform as it would certainly upset a sizeable portion of their customer base.