Quote:
Originally Posted by Sterling Sports Auctions
For those that think they are paying more by having a buyer premium. All VCP prices include the buyers premium (final bid price + buyer premium), the Ebay prices are the final bid price. So the record prices you hear about are the final price the buyers pay.
Ebay is not a normal auction service they created there own format that many are use to (by the you are doing your own work and have to deal with customers on ebay and pay them. What is your time worth and the potential headaches?) and have never used an Auction service for any buying or selling.
As an auction service Sterling is providing a service to help make the selling process easier for consignors and the best possible experience for the bidders.
Always willing to listen to any suggestions,
Lee
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As Lee said, Ebay is an auction platform and not an AH/seller themselves. AHs like Lee's Sterling Sports Auctions generally pay some third party to use their software platform to put their auctions on, and pay these third-party auction platforms out of the seller's and/or buyer's premiums they collect.
When Ebay was originally started, it was for people to come on and directly sell items themselves. I don't believe it was originally contemplated that one day large consignors would be selling things on Ebay on behalf of many others like happens nowadays with a seller like Probstein. Someone coming on Ebay to maybe sell a few items a year, like in a garage sale, wouldn't be paying for a software auction platform like a Simply Auctions platform that some AHs use. And that is most likely why Ebay set up their software to charge users a seller's fee, based on a set percentage of each individual sale. Which was fairly easy to do since Ebay also handled the collection and dispersion of monies to sellers. Auction software/platforms used by AHs, like Simply Auctions, don't collect and ever handle the money from buyers, which is another huge difference from Ebay.