REA increasing their BP and making other changes

[JimC]

At some level the ability of the auction houses to deliver adequate prices will be compromised. I think the market softening/unpredictability of the last couple years has made it much more challenging to decide which items are best suited to auction with one of the larger houses as opposed to the alternatives.

[doug.goodman]

I have never sold thru an auction house (although I have been thinking about culling my herd, haha), but when I do the higher the BP the better chance I'm going to want some of it, and I would bet that super high end items are already getting a cut.

[oldjudge]

Hi Doug! The super high end items are in some cases getting 3/4 or more of the BP. Even four figure items are getting close to half the BP. Of course, this is all negotiable and the sheep will get fleeced.

[Aquarian Sports Cards]

Originally Posted by doug.goodman

I have never sold thru an auction house (although I have been thinking about culling my herd, haha), but when I do the higher the BP the better chance I'm going to want some of it, and I would bet that super high end items are already getting a cut.

Basically I get to tell people that at our 17.5% it's like they're already getting 5% of the BP because we don't charge it in the first place.

Like almost everything else I try to explain it gets a lot of blank stares. That's why the simplicity of telling the consignors you're charging them less, or giving them more of the BP, is so much more effective, as illustrated in my examples above.