Originally Posted by Peter_Spaeth (Post 1769366)

The buyer's premium is the cut of the auction that goes to the house. It affects the consignor, not the buyer. The higher the premium, the less percentage of the final price the consignor gets. It never ceases to amaze that people do not understand this.

Originally Posted by ullmandds (Post 1769358)

I have NEVER paid a sellers "fee or premium" when selling through an auction house...NEVER! Most AH's will waive these fees if your submission is somewhat significant. On the other hand I have ALWAYS paid a buyers premium...ALWAYS!

Originally Posted by Fballguy (Post 1769343)

So being told you're going to be raped makes the rape better?

Not talking about Heritage here...but the industry as a whole. The buyers premium is rape. No other way to describe it. If the government imposed a 20% sales tax in this country, I wonder if you'd all be so cool with it?

What does the 20% cover? It's not doing the sellers any favors. I'm surprised more auction houses haven't taken the step of offering a greatly reduced or better yet...gasp...no buyer's premium.

And shipping charges...$15 for two pennants from a familiar auction house doesn't seem that bad....until they arrive.

I have limited experience in dealing with auction houses...maybe a half dozen purchases in the last year and a half. But so far I'm not impressed and the disappointment isn't limited to just one. Half assed-ness and mediocrity seem to be key components of the mission statement for a large part of the industry.

<a href="http://imgbox.com/ASffeITc" target="_blank"><img src="https://images2.imgbox.com/01/53/ASffeITc_o.jpg" alt="image host"/></a>

Originally Posted by Fballguy (Post 1769381)

Lol...It doesn't affect the buyer the same way sales tax doesn't affect the buyer, right?

Originally Posted by keithsky (Post 1769371)

That's why eBay has been popular over the years because they don't have a buyer's premium what you see is what you pay. They have major flaws on eBay and are always making asinine changes but have consistently not impose the buyer's premium on people. I'm sure everyone on here has bought or sold on eBay at some point and it's been nice not to have to pay 20% buyer's premium on eBay. Once they wise up and start thinking about charging a buyer's premium then everybody will be complaining about that.

Originally Posted by Peter_Spaeth (Post 1769372)

How hard is it to add 20 percent in your head or with a calculator? Much ado about nothing IMO.

Originally Posted by Fballguy (Post 1769377)

Grumpy old man in da house!

Originally Posted by Fballguy (Post 1769389)

The defense of the BP here is mind boggling...How dare anyone infringe upon your right to be ripped off!

Originally Posted by Fballguy (Post 1769376)

I'm thinking you thought I said "Liberal"? I said "Literal":

adjective
1.
taking words in their usual or most basic sense without metaphor or allegory.

Originally Posted by Fballguy (Post 1769389)

The defense of the BP here is mind boggling...How dare anyone infringe upon your right to be ripped off!

Originally Posted by vintagetoppsguy (Post 1769379)

Some of you folks criticizing the OP for the use of the word rape really need to look up the definition of rape.

Hint - the word has several other meanings other than the act of an unconsented sexual assault - e.g. rape the land.

I'm not defending hthe OP and surely he should have considered the BP, taxes, shipping and etc, but if he feels violated (and I don't agree that we was), then rape is definitely an appropriate choice of words.

Originally Posted by iowadoc77 (Post 1769391)

How is it being ripped off if you fully know it is going to happen? If you don’t like, buy somewhere else. Plenty of non BP options out there.

Originally Posted by Fballguy (Post 1769376)

I'm thinking you thought I said "Liberal"? I said "Literal":

adjective
1.
taking words in their usual or most basic sense without metaphor or allegory.

Originally Posted by joshuanip (Post 1769395)

Now the buyers premium is deserved. Auction houses are not a free service. eBay charges the the seller and after the eBay price premium and PayPal cut... what hairs are we splitting.

That said, they come up economically the same and if buyers aren’t factoring in the buyers premium and possible taxes in an auction, then that’s the buyer’s fault!

Originally Posted by x2drich2000 (Post 1769397)

While rape is an appropriate word by definition, it is an extremely powerful word. In my opinion, using it in any context less significant undermines the severity, suffering, distress, and personal violation of those who have experienced a sexual assault.

Originally Posted by Fballguy (Post 1769398)

Do you get this excited when you pay your taxes?

Originally Posted by Fballguy (Post 1769389)

The defense of the BP here is mind boggling...How dare anyone infringe upon your right to be ripped off!

Originally Posted by Fballguy (Post 1769401)

Ebay doesn't charge buyers to buy things. I get the difference in overhead costs for an auction house. So I'd sincerely like to know...Is waiving seller's fees at auction houses the norm, or reserved for the special few?

Originally Posted by pgconboy (Post 1769408)

This entire thread and all threads like it in the future can be avoided if auction houses utilizes the provided user information they use in invoices to also display during the bidding process.
Honus Wager Bid 1,100 / Buyers Premium 1,320 / Est Final Price 1,430

Originally Posted by x2drich2000 (Post 1769397)

While rape is an appropriate word by definition, it is an extremely powerful word. In my opinion, using it in any context less significant undermines the severity, suffering, distress, and personal violation of those who have experienced a sexual assault.

Originally Posted by Fballguy (Post 1769398)

Do you get this excited when you pay your taxes?

Originally Posted by Fballguy (Post 1769398)

Do you get this excited when you pay your taxes?

Originally Posted by mechanicalman (Post 1769416)

I just cut a rather large tax check, and I wasn’t particularly excited about it. But then I realized my tax dollars are needed to fund things like teaching people how to read, multiply, or the basic fundamentals of how businesses work. So it goes to a good cause.

Originally Posted by mechanicalman (Post 1769416)

I just cut a rather large tax check, and I wasn’t particularly excited about it. But then I realized my tax dollars are needed to fund things like teaching people how to read, multiply, or the basic fundamentals of how businesses work. So it goes to a good cause.

Originally Posted by mechanicalman (Post 1769416)

I just cut a rather large tax check, and I wasn’t particularly excited about it. But then I realized my tax dollars are needed to fund things like teaching people how to read, multiply, or the basic fundamentals of how businesses work. So it goes to a good cause.

Originally Posted by joshuanip (Post 1769425)

Getting off topic but I wish that was the case. A big portion of what we pay go to pensions of those who are “clocking in” their city jobs and not adding any value besides calculating how big their pension will be in 5 years.

Originally Posted by mechanicalman (Post 1769416)

I just cut a rather large tax check, and I wasn’t particularly excited about it. But then I realized my tax dollars are needed to fund things like teaching people how to read, multiply, or the basic fundamentals of how businesses work. So it goes to a good cause.

Originally Posted by barrysloate (Post 1769428)

The only issue I have is people who do not have to pay sales tax have a nearly one increment advantage over those who do. Since I live in NY, where sales tax is I believe 8.875%, I can't tell you how many lots I lose in Heritage by a single bid. I am the first underbiddder on a regular basis. So if the person who beat me lives in a state with no sales tax, he has a big advantage.

That said, it's the law and it is transparent. It just adds an extra hurdle for me to overcome, and can be frustrating.

Originally Posted by pokerplyr80 (Post 1769431)

Might be time to get a po box in a state with no tax.

Originally Posted by barrysloate (Post 1769433)

I have a second home in Florida, and lo and behold, another sales tax state.:mad:

Originally Posted by pokerplyr80 (Post 1769390)

Not grumpy, just amazed at the ignorance shown in your response. And I'm probably young by net54 standards.

Originally Posted by Jenx34 (Post 1769330)

In what states do they add sales tax? Is it only CA, FL, IL, NY & TX?

Originally Posted by barrysloate (Post 1769436)

Agreed, but Brooklyn is my primary residence.

Originally Posted by Jenx34 (Post 1769330)

In what states do they add sales tax? Is it only CA, FL, IL, NY & TX?

Originally Posted by Aquarian Sports Cards (Post 1769335)

Rape? Really? It was more like unsatisfying consensual sex. They told you what you would be getting, but you were so excited to be getting any, you didn't listen!

Originally Posted by tiger8mush (Post 1769440)

add CT to the list! Turns out I'm not a scofflaw after all :)

Originally Posted by Yoda (Post 1769439)

Hey Barry, at least you don't get hit with both NY and FL sales tax on your winning bids----yet.

Originally Posted by vintagebaseballcardguy (Post 1769445)

Reminds me of one of my favorite episodes...

Originally Posted by pokerplyr80 (Post 1769434)

I'd rather have no state income tax than no state sales tax.

Originally Posted by pencil1974 (Post 1769487)

When I place a bid with Heritage it shows my bid plus it shows the cost with BP. So I guess I’m lost on how someone can be confused on the what the total will end up. I’m pretty sure I don’t have a magic computer and it’s the same for everyone.