Gem Gehrig @ Heritage

[irv]

Originally Posted by Bliggity

1934 Goudey SGC 98 Gehrig

Yowzer, what a card. I feel like I need to put on sunglasses to look at it. Any guesses where it tops out? Looks like it sold for $125k back in 2013. It's at $65k now with BP, with a week left.

Bliggity, can you explain to me what this means? I am confused on the increased price W/Buyers Premium? If the card sold, or if you purchased/won it for $55,000, is the $65,725.00 the total price that card will cost you in the end?

CURRENT BID:$55,000
w/ Buyer's Premium (BP) : $65,725.00
Status: Reserve (If Any) Will post on 02/13/2016 7pm CT
Heritage Live Enabled

[Bliggity]

Originally Posted by irv

Bliggity, can you explain to me what this means? I am confused on the increased price W/Buyers Premium? If the card sold, or if you purchased/won it for $55,000, is the $65,725.00 the total price that card will cost you in the end?

CURRENT BID:$55,000
w/ Buyer's Premium (BP) : $65,725.00
Status: Reserve (If Any) Will post on 02/13/2016 7pm CT
Heritage Live Enabled

That's right. Heritage has a 19.5% buyer's premium that gets added to the winning bid. So, if you bid $55,000, you are actually agreeing to pay $55,000 x 1.195, or $65,725. Most auction houses have a buyer's premium of somewhere between 15-20%.

[Bored5000]

Originally Posted by irv

Bliggity, can you explain to me what this means? I am confused on the increased price W/Buyers Premium? If the card sold, or if you purchased/won it for $55,000, is the $65,725.00 the total price that card will cost you in the end?

CURRENT BID:$55,000
w/ Buyer's Premium (BP) : $65,725.00
Status: Reserve (If Any) Will post on 02/13/2016 7pm CT
Heritage Live Enabled

Not Bliggity, but yes is the answer to your question. All action houses charge a buyer's premium on top of the price. With most auction houses, the BP is around 18-20 percent, though some of the smaller auction houses have 12-15 percent BPs.

If you are buying a card through an auction house, you have to keep the BP in mind when deciding how much you are comfortable bidding.

[sbfinley]

Originally Posted by irv

Bliggity, can you explain to me what this means? I am confused on the increased price W/Buyers Premium? If the card sold, or if you purchased/won it for $55,000, is the $65,725.00 the total price that card will cost you in the end?

No, add shipping to that.

[pawpawdiv9]

Comparisons sake

and this recent purchase by board member Snapolit1 from LOTG for 7k+BP