07-01-2024, 03:53 PM
|
|
Greg Sh3rw@@d
member
|
|
Join Date: Oct 2023
Posts: 41
|
|
Quote:
Originally Posted by Rhotchkiss
Just an FYI that the hammer is 83.33% of the final price, not 80%.
For example, the hammer is $100, meaning the 20% BP is $20, and the final price (or real comp per the OP’s question) is $120. $100/$120 is 83.33%.
Another example…. Hammer is $8,600, meaning the 20% BP is $1,720, and the final price is $10,320. $8,600/$10,320 = 83.33%
So you do add 20% to the hammer, but the hammer ends up being 83.33% of the final price. The example above barely nets the seller what they hammer was, which would have been $833.33, in order to yield a $1000 final price.
Also, nobody pays a seller fee in sports auctions anymore.
Otherwise, I agree that when doing a private deal, somewhere between the “final price” comp and 83.33% thereof is fair and creates a double win, where the seller gets more than hammer and the buyer pays less than final price
|
Thanks for adding the detail!
I was being a little too loose with the numbers to get the idea across 😀
__________________
Collect: HOF pre-war, HOF autos
Looking for:
Y75 Scrapps Tobacco Deacon White
T222 Fatima Grover Cleveland Alexander
|
Similar Threads
Threaded Mode