Quote:
Originally Posted by Gorditadogg
I don't know anybody who has $1M to spend on cards that would say "What the hell, it's just another $20k in fees". (Except Ryan, apparently.)
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It’s not the actual $$s. It’s all relative. If you were going to spend $120 for a card ($100 hammer plus $20bp), wouldn’t you spend $122? Are you really going to let it get away over $2?
Let’s say you were going to spend $1200 on a card ($1000 hammer and $200 BP). Wouldn’t you spend $1220 to get the card, or will you let it get away over $20?
Now $12,000 ($10,000 hammer plus $2000 BP). Are you not going to pay $12,200 to get the card?
On $120,000…. It’s $122,000. I understand it’s another $2,000 but if you were going to pay $120k I don’t think you let the card get away over another $2000.
And so on. I suppose at some point the 2% becomes large enough that it gives you pause, but I think it’s relative.
And BTW - many auction houses started charging state taxes after the Wayfair ruling in 2018. In Maryland, that resulted in 6% more cost than before; I expect that’s about average. I don’t think the implementation of state taxes had a material change in bidding habits. In fact, card prices have soared since we started paying state taxes.