Quote:
Originally Posted by oldjudge
I think we all take the buyers premium into account when we bid but with a higher premium do we still end up pay more for cards--I think so. For example, let's say there is a card coming up that you want. Let's say you are willing to pay $1000 for it. The current bid is at $750 and the next bump is to $800, do you make the bump? At a 20% BP the total is $960, which is under $1000 so you bid. At a 22% buyers premium the total $976 so you also still bid, but now because of the change in BP you have paid (assuming you win the card) $16 more. Maybe at times the higher BP results in the bid exceeding the person's cutoff while the lower BP would have allowed for a bump. While theoretically possible I think most bidders have a little flex in their cap and therefore, I think in most cases the higher BP just results in more money spent on the same card. Because of this my preference is always to favor the auction house with the lower BP.
|
Of course this will increase the costs to bidders in the heat of the moment bidding, as we all know. But Goldin going to 22% ensured that other houses would follow. I think Heritage was the first to go to 20% and they haven't had an increase in about ten years is my guess. Of course, their gross sales have quintupled probably since then so I suspect they'd be fine without raising the BP 2 points.