Goldin Increasing Buyer's Premium

[parkplace33]

Originally Posted by mrreality68

The BP percent will not go down when the market cools and other Auction Houses will keep an eye on Goldin and if they feel Goldin is not losing consignments and sales from it then they will follow with increasing their BP percentage.

I predict all major AHs will now go to 22 percent by the beginning of 2024.

[jsfriedm]

Originally Posted by parkplace33

I predict all major AHs will now go to 22 percent by the beginning of 2024.

I would predict Heritage would be the first to follow.

[ValKehl]

Originally Posted by parkplace33

I predict all major AHs will now go to 22 percent by the beginning of 2024.

Drew, I'll give it until the end of 2024.

[Mark17]

Originally Posted by parkplace33

I predict all major AHs will now go to 22 percent by the beginning of 2024.

I'd bet against this. I think each AH will analyze their situation (expenses, profit margin,) and make independent decisions. They won't simply follow Goldin like lemmings.

CU has a near monopoly situation with PSA and that registry. I think they underestimated the collective (pun intended) strength of all the other AH when they acquired Goldin. When you look at all the great stuff continually offered by the other AH, both the major and smaller ones, there's a ton of really high-quality items Goldin isn't getting a piece of.

In short, I think CU expected Goldin to dominate the AH space to a far greater extent than they are, and this price increase may be a reaction to that. IMO it will only give them a competitive disadvantage.

I would bet large that Hunt, specifically, will not go from 17.5% to 22% for at least a few years, if ever.

[ValKehl]

Mark, I'd almost be happy for Hunt to increase its BP from 17.5% to 20%, provided this increment was used to acquire state-of-the-art auction software.

[Mark17]

Originally Posted by ValKehl

Mark, I'd almost be happy for Hunt to increase its BP from 17.5% to 20%, provided this increment was used to acquire state-of-the-art auction software.

LOL, I hear you! Their website, which usually has only one picture per lot, is as basic (primitive) as it gets. But, their live auctions (run by Invaluable) are great. I participated (in a small way) in the one 2 days ago. Very fun.

I'd rather have the 17.5% and basic website though, and I've found their customer service to be very good. Their catalogs are excellent as well - when they arrive, a quick perusal tells me if there's anything of interest.

Each AH will go their own way. They won't all follow Goldin.

[Snowman]

Originally Posted by parkplace33

I predict all major AHs will now go to 22 percent by the beginning of 2024.

I'd take the under on that bet