Julien's Auctions and the 25-28% Buyer's Premium
Julien's has a big sports auction coming up, the Elgin Baylor Collection and a ton of stuff from Muhammad Ali, plus the usual stuff you typically see in auction catalogs.
I just opened my two Julien's Auction Sports Catalogs and see that they now charge the following Buyer's premium:
20% on individual lots 100,000 and higher, and a 25% Buyers Premium on all individual lots of $0 - $99,999
There will also be an additional 3% buyer's premium charged for any lots won online.
At Julien's they do things a little different.... About two years ago they mentioned in their rules that they used an outside shipping service. I had won a sports ring and fell out of my chair when they told me the shipping charge. I flat out told them "no", and made them send me the ring direct, insured, and for about half of what they asked.
Hopefully other Auction houses won't follow Julien's excessive Buyers Premium percentages.
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