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Old 10-16-2023, 09:52 PM
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Micah L Marshall II
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Join Date: Jul 2018
Location: Oceanside, California
Posts: 227
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Quote:
Originally Posted by jsfriedm View Post
Goldin has apparently increased their buyer's premium to 22%. I agree, of course, that all bidders should be doing the math and know the full cost of their bids, so I am not claiming deception or anything here. But given that 20% is pretty standard and the proliferation of auctions and auction houses should in theory make competition more intense, is anyone surprised that Goldin is raising, rather than lowering the buyer's premium? Do we think other auction houses are likely to follow? Does anyone expect this to hurt Goldin at all?
What is salt in the wound for me is their turn around time! I paid via ACH on October 5. They told me I could expect my items to be delivered mid-November!!!! How is that even possible?
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