Quote:
Originally Posted by CardPadre
I feel like if they kept the initial format coming from eBay like they did for the first couple weekly auctions they could have maybe stood out in an appealing way to the newer generation of buyers.
“Not your grandpa’s auction house, what you bid is what you pay.”
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Problem is, when you're competing for consignments with auction houses that dominate the market, and use a certain model, it is VERY hard to use a different model. Consignors, despite trying to explain to them that a higher commission and a lower BP that is the same total rate as a lower commission and a higher BP, seem to only hear the commission number.
So if you have a model that charges a combined total of 30% but it's broken down 20% commission 10% BP you will lose consignors that you could get by reversing those numbers.
I know it's stupid, but it's true.