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Perfect. Then you bid up to the amount where you will spend $1000 with whatever fee(s) included. Problem solved. I think you are making it more difficult than it needs to be. A lot of us say to ourselves "I am not going over xx amount" then we deduct the fee pecentage and that is what we bid (assuming we are also understanding there are usually shipping charges to be thrown in too). If you can spend a $1000 then just bid up to $800......then add the Buyers Premium, which is usually 20% to your $800 bid, and that is $960, which leaves $40 for shipping.
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Leon Luckey Last edited by Leon; 05-21-2018 at 02:49 PM. |
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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. |
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Yeah, I think I am arguing with myself. Back to doing some chores
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Leon Luckey |
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And there it is. "A lot" Not all...as some assume. At least Leon is being realistic.
A lot probably do...especially those on this forum. And just as true...a lot probably don't. They bid to win and then endure the BP afterwards. I think some of you have conformed your logic to fit in with the old school auction rules. "This is the way it is, so how can I rationalize it in a way that makes it more palatable?". Funny...I looked up the definition of bid. It's the offer of a certain price for something. Didn't see anything in there about multiplying by 1.2 to get to that price. Quote:
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R0b G@@13t |
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This is actually an interesting academic question. Economics 101 would certainly tell you its completely irrational to behave differently because in one case the amount you pay is what you bid (plus shipping) and in the other case the amount you pay is what you bid + 20% + shipping. The rational thing to do is make the calculation of adding the BP and behave (bid) the same way in both cases (i.e. reduce your bid because you know you will be hit with a BP at checkout). Someone would need to do a study to see if people actually behave according to the theory or whether the fact that that 20% in not included in their bid induces them to pay more as if they are willing to momentarily forget they will be charged the 20% later. It's entirely possible, and also the reason I believe some auction houses want you to have to do the math in your head (or not do it), rather than show you the BP when you place your bid. I think its something called the framing effect where people view options that are really the same as different depending on how they are stated.
One minor point is because the bid increments are wider for AHs than eBay, sometimes I have to make a decision whether I want to go under or over my target - something I never really have to do on eBay where the bid increments are very narrow. Last edited by TanksAndSpartans; 05-21-2018 at 04:26 PM. |
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With regard to what I said below, I'd be surprised if anyone found empirical evidence that people wind up paying more (all else being held constant i.e. same item etc.) when the auction format includes a BP. That being said, I'm sure it happens - people can get carried away in the moment and as this thread stayed alive it did get me to thinking about another point:
I think the BP is kind of "phony". It seems more genuine to me that the AH should just get a percentage of the final bid. I don't care how simple the math is, why make people do it? I've been in the situation before placing a bid and the BP wasn't shown on the bidding screen, so I had to go search what it was elsewhere on the website before making the bid. It was kind of annoying. And why? Just so the AH can "frame" their model as not charging the seller? There is evidence out there framing i.e. describing 2 equivalent options in different ways can result in people choosing differently. I guess if one AH dropped the BP, other AHs could use it for marketing and say "we don't charge the seller, consign with us." It would be nonsense, but it would probably happen. It's never been a consideration for me buying or selling, but I would see it as an improvement if the BP went away. Quote:
Last edited by TanksAndSpartans; 05-23-2018 at 08:43 AM. |
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Let’s say you have a new home with a smallish garage and a full size car.
You are bidding to park the car in the garage. You estimate where the center of the garage is on the back wall of the garage. You aim correctly and end up scratching the right side of the vehicle, which then must be repaired. You are surprised at the cost of placing your bid to park the car and incurring the parker’s Premium. When completed, you pick up the car and bring it home. It needs to be parked in the garage. Do you follow the exact same process to park the car and repeat getting the same result necessitating another visit to the body shop or do you make an adjustment to your aiming point and move it the required distance to the left, which results in the car not being scratched on the right side. On the third day do you repeat the unsuccessful process of the first day or the successful process of the second day? If you answer the former, I cannot help you. If you answer the latter, congratulations. You have learned the impact of the buyer’s premium on your bid to park the car. Being surprised by an auction house invoice, due to naïveté, not reading the rules, or whatever, could conceivably happen once to anyone. But if you are continually “surprised” by invoices, you either need a smaller car, better reading glasses, or a home without a garage. You might also consider a membership in the Audubon Society as an alternative hobby. Hope this helps. ![]()
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Auction houses charge a buyers premium, eBay does not. If you want to bid on anything, auction or eBay, read the damn rules and know what your getting/how it works (and that includes shipping). What is up with people bitching about rules that are clearly stated for all the world to read?? You don’t like the rules, don’t like the shipping, don’t like when or how an auction ends.... don’t participate!
And for the record, if you bid on an auction and don’t read the rules to know you are paying a buyers premium, then F-you, you are an idiot and you deserve whatever unhappiness your stupidity or irresponsibility got you. |
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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. |
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I saw that too, expect back then it was XX percent
Last edited by Rhotchkiss; 05-21-2018 at 05:46 PM. |
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And I think the one's on here defending it date back to ancient Rome too.
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R0b G@@13t |
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By the way...The crotchety-meter is off the charts on this post. Love the ones who come in hot with instant anger.
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R0b G@@13t |
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Collection on Flickr: https://www.flickr.com/photos/139478047@N03/albums |
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I don't see hot and instant anger as much as the amazement that you can't comprehend a simple matter more cogently. You are griping about a rule that is plainly stated and questioning it's validity? If you don't like the rules don't bid. If it is clearly stated it is in fact correct. AH's make their rules you don't. Not sure why you are so obstinate about an easy issue. You can gripe all you want to, the rules won't change. And yes, for their respective auctions, they are "right."
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Leon Luckey |
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