Quote:
Originally Posted by jimjim
Sorry for the confusion but I am not referencing buying an item at a show or in person. Just a general question on what others use to value or price an item when using old auction houses listings for comps. Hammer price or hammer plus fees.
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That question becomes a lot more
nuanced with your explanation.
For example, say you buy a card
(completely made up amounts) for
$500 and the
BP is another
$100, your total 'valuation' then obviously becomes
$600. That's how it would be entered into a ledger
(I'm not an accountant, just speaking colloquially).
However
(this is a big HOWEVER), if you're using that same information to decide whether or not the price of a card is reasonable or 'worth it,' then that approach is no longer accurate.
Because if you decide to buy a card at that
$600 valuation/hammer price, you're still going to have to add the additional
BP of
(say) $125 to the total. So you've now paid
$725 for what you've determined to be a
$600 card.
In that scenario, you mustn't include the
BP in your valuation, just the original hammer price, so you would end up paying the 'right' total amount.
I guess what I am saying is it's very situational and highly dependent on whether your focus here is that of a buyer or only as a record keeper.