AH's at 20%

chipperhank44 · #1 10-02-2014, 08:02 AM

Quote:

Originally Posted by Peter_Spaeth

I don't understand why so many people fail to grasp this simple fact.

The Golden Rule:

If Hammer Price + BP < My Budget, I'm bidding.

bn2cardz · #2 10-02-2014, 08:56 AM

As a bidder it won't matter much because I factor it in (I like it better when the AH shows how much it will affect the final price when you place a bid instead of having to figure it out myself).

As a seller I think I would stay away from high BP auction houses. Because the bidders are factoring that in. So they may bid $1000 on an item that I could have sold for $1100 by myself because they know they will still have to pay $1200. The AH then even gets to advertise that the item sold for $1200 and they get "higher prices realized", but the cosigner only saw $1000 of that and that is before any type of cosigner fee (if there are some).

Leon · #3 10-02-2014, 09:21 AM

Quote:

Originally Posted by bn2cardz

As a bidder it won't matter much because I factor it in (I like it better when the AH shows how much it will affect the final price when you place a bid instead of having to figure it out myself).

As a seller I think I would stay away from high BP auction houses. Because the bidders are factoring that in. So they may bid $1000 on an item that I could have sold for $1100 by myself because they know they will still have to pay $1200. The AH then even gets to advertise that the item sold for $1200 and they get "higher prices realized", but the cosigner only saw $1000 of that and that is before any type of cosigner fee (if there are some).

The AH % has to come from somewhere.....Every person I know factors it in...

bn2cardz · #4 10-02-2014, 10:07 AM

Quote:

Originally Posted by Leon

Quote:

Originally Posted by bn2cardz

As a bidder it won't matter much because I factor it in (I like it better when the AH shows how much it will affect the final price when you place a bid instead of having to figure it out myself).

As a seller I think I would stay away from high BP auction houses. Because the bidders are factoring that in. So they may bid $1000 on an item that I could have sold for $1100 by myself because they know they will still have to pay $1200. The AH then even gets to advertise that the item sold for $1200 and they get "higher prices realized", but the cosigner only saw $1000 of that and that is before any type of cosigner fee (if there are some).

The AH % has to come from somewhere.....Every person I know factors it in...

I don't understand quoting me there.

I understand the AH has to get paid, I didn't say anything against that. I also said it needs to be factored in.

Up until my comment though, people were only talking about the BP affecting them as a buyer. I was pointing out that as a seller you should factor in the BP more than as a buyer when dealing with an AH. The seller is the one getting less for their material. Whereas the buyer is paying the same amount and they don't care who is getting what percentage of that money.

packs · #5 10-02-2014, 10:15 AM

Wait, I've never consigned to an AH before, but there are houses that also charge a consignor fee on top of a buyer fee? I thought the buyer fee was the takeaway for them?

So there are houses that charge the buyer for buying and the seller for selling?

t206hound · #6 10-02-2014, 10:26 AM

Quote:

Originally Posted by packs

Wait, I've never consigned to an AH before, but there are houses that also charge a consignor fee on top of a buyer fee? I thought the buyer fee was the takeaway for them?

So there are houses that charge the buyer for buying and the seller for selling?

absolutely... AH take will generally be 15-25%. Sometimes it's all from the buyer, sometimes there's some from both the buyer and consignor.

packs · #7 10-02-2014, 10:35 AM

I knew about the buyer fee, but a selling fee on top of a buyer fee seems absurd. From a seller perspective the house is already taking their cut with the buyer's fee. Why would I be held to a fee for generating the house money?

I realize the house is making me money, but that is the trade off. You get yours, I get mine. Now you want yours and mine too? No way.

Leon · #8 10-02-2014, 12:43 PM

Quote:

Originally Posted by bn2cardz

I don't understand quoting me there.

I was agreeing with you..

bn2cardz · #9 10-02-2014, 01:59 PM

Quote:

Originally Posted by Leon

I was agreeing with you..

Oh ok. I really could take your message either way.

clydepepper · #10 10-02-2014, 02:11 PM

Man! I'm not as knowledgeable about the business side of bidding as I thought. You guys are seem prepared for everything!

What a headache!

I'm glad I keep it simple.

While I do admit to buying emotionally, I try to work within my budget.

No headache, but a little less money.