Mastro has raised Buyer Premium to 20%
 

Posted By: <b>ramram</b><p>delete - wrong thread

Mastro has raised Buyer Premium to 20%
 

Posted By: <b>Griffins</b><p>&lt;&lt;(God forbid Mastro should cut back the buyer's premium to the 17.5% figure -- the previously highest fee charged in the auction world)&gt;&gt;<br /><br />Heritage is 19.5% and SCP/Sotheby's is 20%. Plus 5% if they run it thru ebay live.

Mastro has raised Buyer Premium to 20%
 

Posted By: <b>David Vargha</b><p><font color=blue>Just to clarify my earlier post Jeff, "they" referred to the consignors (not Mastro).</font><br><br>DavidVargha@hotmail.com

Mastro has raised Buyer Premium to 20%
 

Posted By: <b>warshawlaw</b><p>Bruce: interesting insight. If the evil day comes when the whole collection goes on the block, I will not only demand a 0 commission, I will try to take a bite out of the BP too. <br /><br />I hear a lot of talk of boycotts but I suspect that since such things are not subject to policing, in the end everyone will show up and Mastro will report yet another record sale.

Mastro has raised Buyer Premium to 20%
 

Posted By: <b>Judge Dred (Fred)</b><p>Build it, they will come = Offer it, they will bid

Mastro has raised Buyer Premium to 20%
 

Posted By: <b>leon</b><p>You hit the nail on the head. From personal experience it doesn't matter what anyone or any company does, if someone wants a card.....most of the times they don't care what the seller did/does. Sad but true....I won't deal with a few people for the way I was treated but for the most part people just don't care.. You could be a thief, liar, scoundrel, pervert (maybe)....but if you have a card someone needs...they don't care what else you did. Mastro gives good service, has great items, and had poor timing...this will blow over (for most) about the last day of their current auction, imo... regards

Mastro has raised Buyer Premium to 20%
 

Posted By: <b>DJ</b><p>Fred did hit on the nail of the head. <br /><br />It's like when you hit the thruway and your starving and you have to hit a fast food joint en route. The first thing you do is comment about how a Big Mac by your house is $2.79 and here it is $3.19. You still eat though. <br /><br />How many of us (not me) said they would never deal with Lelands because they sold parts from Munson's plane? <br /><br />C'mon, it's the shock and emotion of the high percentage raise, but if you want it and it's there, it may be yours regardless of how you feel at this current moment. <br /><br />DJ

Mastro has raised Buyer Premium to 20%
 

Posted By: <b>Jeff Prizner</b><p>From a bidder's POV, no big deal, and yes, it will blow over. From a consignor's, this personally won't blow over for me. I won't consign to them again.

Mastro has raised Buyer Premium to 20%
 

Posted By: <b>davidcycleback</b><p>My opinion is the auction houses should charge the consignors, as there should be some semblence of balances in buyer/consignor charges. 100%/0% 'balance' in most anything isn't a good idea.<br /><br />Also, consignors who negotiate 0% consignment fees should not with a straight face complain about the 20% winner's fee-- as the winner's fee is more than likely raised due to the dissapearing consignment fees.

Mastro has raised Buyer Premium to 20%
 

Posted By: <b>Jeff Prizner</b><p>I'm all for charging the consignors, and 20% is fine if that's what they need to do. But to announce it AFTER all the consignments have been accepted at the presumed 17.5% is what I have a problem with. 2.5% isn't a huge amount of money, but it's the principle of it. I've always held Mastro in the highest regards, that changed somewhat this week.

Mastro has raised Buyer Premium to 20%
 

Posted By: <b>Wesley</b><p>I understand what you are saying, Jeff, and I think most people feel the same way. If this announcement was made four months ago, then it would be no big deal at all. <br /><br />But the fact that Mastro introduced the higher fees in the same email as the one announcing that the auction is now online is bad business practice. I don't think you will find anyone who does not work for Mastro that disagrees with this.

Mastro has raised Buyer Premium to 20%
 

Posted By: <b>Harry Wallace (HW)</b><p>Jeff,<br /><br />Well said. I do not think it is a problem that they raised the buyer's premium, it is how they did it that is not right. <br /><br />Heritage and Sotheby's and Sportscards Plus are all at 20% and I think Mastro's product is superior to theirs.<br /><br />It is the fact that they changed it without a warning is what is not right.<br /><br />There again, everyone else has edged their buyer's premiums up over time and I do not remember being notified in advance by them either.