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Option 1) 0% buyer premium, 10% seller fee. Top bidder bids $1000. Top bidder pays $1k, auction house gets $100 and seller gets $900. Option 2) 11.11% buyer premium, 0% seller fee. Top bidder bids $900. Top bidder pays $900 + [buyer premium of $900 x 11.11%] = $1k, auction house gets $100 and seller gets $900 Six in one, half dozen the other.
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Collection on Flickr: https://www.flickr.com/photos/139478047@N03/albums |
#2
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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. Last edited by Peter_Spaeth; 05-22-2018 at 05:59 PM. |
#3
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"I think we should all stop feeding this idiocy."
BINGO! |
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Option 3) Card still sells for $1,000 and the buyer has to pay an extra $111.10 and the seller gets $1,000. The notion that every winning bid has been deflated by the value of the BP is ludicrous.
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R0b G@@13t |
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This thread has become ludicrous. This, on the other hand, is Ludacris.
Carry on... |
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Rob, in your example (option 3), the buyer now pays $1,111.10 total, not $1000. All you did was add an extra $100 in bids to option 2. So why if a bidder has $1000 to spend (options 1 & 2) would they not factor in ANY additional charges (buyers premium/shipping/service charges/handling/etc) and why would they place that extra $100 bid? If your answer is cause they did not count on the additional fees, please explain how the auction house is responsible for the buyer not reading the terms and conditions prior to bidding.
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Current Wantlist: E92 Nadja - Bescher, Bridwell, Cobb, Donovan, Doolan, Doyle (with bat), Lobert, Mathewson, Miller (fielding), Tinker, Wagner (throwing), Zimmerman E/T Young Backrun - Need E90-1, T216 (all versions) E92 Red Crofts - Anyone especially Barry, Shean, and Evers Last edited by x2drich2000; 05-22-2018 at 07:37 PM. |
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Last edited by mechanicalman; 05-22-2018 at 08:14 PM. |
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These defenders of the BP are living in an illusion.
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R0b G@@13t |
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OK, lets take your premise that the BP doesn't suppress the bidding and follow the logic. Why is that a bad thing for the auction house or the consignor? The auction house is in business to make money and the consignor wants to get as much as they can. Neither are responsible for the actions of a buyer. If the buyer overpays, both the consignor and auction house make more money. The buyer knows the rules before they place a bid and they choose to bid or not. The buyer is not forced to bid. If the buyer can get the same item cheaper on Ebay or wherever, then what is their motivation to bid in the auction? All the auction houses I've seen make the buyer's premium clear in the rules and usually include an example demonstrating how the fee works in connection with the bid. If some one is willing to voluntarily bid without reading the rules of the auction then that is their fault and no one else. It is not the consignor's or AH's job to protect people from themselves. Buyers need to be responsible for themselves.
Now Scott has very clearly outlined the history and reasons why the AH keep the seller's fee at 0%. So if it not the AH's job to stop people from bidding, and both the AH and consignor benefit from the masses of people who don't read the rules, how does changing to a 0% buyer's premium benefit the AH or the consignor? In addition, I can't speak for others, but personally, I buy almost all the items I sell on Ebay from AH. How am I able to make money doing so if the AH with their 20% buyer's premium is more expensive and I'm also paying over 10% in Ebay fees when I sell the item?
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Current Wantlist: E92 Nadja - Bescher, Bridwell, Cobb, Donovan, Doolan, Doyle (with bat), Lobert, Mathewson, Miller (fielding), Tinker, Wagner (throwing), Zimmerman E/T Young Backrun - Need E90-1, T216 (all versions) E92 Red Crofts - Anyone especially Barry, Shean, and Evers |
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..
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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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The Magic 8 Ball Auction House
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FRANK:BUR:KETT - RAUCOUS SPORTS CARD FORUM MEMBER AND MONSTER NUMBER FATHER. GOOD FOR THE HOBBY AND THE FORUM WITH A VAULT IN AN UNDISCLOSED LOCATION FILLED WITH NON-FUNGIBLES 274/1000 Monster Number Nearly*1000* successful B/S/T transactions completed in 2012-24. Over 680 sales with satisfied Board members served. If you want fries with your order, just speak up. Thank you all. Now nearly PQ. |
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Most recent PSA 5 1953 Topps Mantle at Heritage: https://sports.HA.com/itm/baseball/1...ype=share_btn_ Most recent PSA 5 1953 Topps Mantle at Ebay: http://r.ebay.com/TqUFOY http://r.ebay.com/3Cu8Ei http://r.ebay.com/DHs7mR http://r.ebay.com/CkXc3U http://r.ebay.com/nKMPi6 http://r.ebay.com/r9bCu1 http://r.ebay.com/PZfZFd Let me know how much money you would've made on this card.
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R0b G@@13t |
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I know there are a lot of stupid people out there, but what percentage of people do you really think dont take the buyer's premium into account when making a bid? Maybe they do it once, then realize when they get the bill. Unless guys are knocking back a few beers waiting for extended bidding to end, I dont see your example coming into play often.
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Successful transactions with peter spaeth, don's cards, vwtdi, wolf441, 111gecko, Clydewally, Jim, SPMIDD, MattyC, jmb, botn, E107collector, begsu1013, and a few others. |
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