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#1
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Always looking for: 1913 Cravats pennants St. Paul Saints Game Used Bats and Memorabilia http://www.net54baseball.com/showthread.php?t=180664 |
#2
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If it's a separate business, it makes a difference. If not, then of course it doesn't.
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$co++ Forre$+ |
#3
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They are done talking to us it seems. We don't really matter. We're just their customer base. Sports collectibles make up a tiny percentage of their yearly sales and they appear content to just let silence be the answer to legitimate concerns by their customers.
I've yet to see anyone post that they are OK with current practices at Heritage. Edited to add: This thread has had 4,089 views in 5 days. Last edited by Jaybird; 07-21-2012 at 11:07 AM. |
#4
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Check out my aging Sell/Trade Album on my Profile page HOF Type Collector + Philly A's, E/M/W cards, M101-6, Exhibits, Postcards, 30's Premiums & HOF Photos "Assembling an unfocused collection for nearly 50 years." |
#5
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I agree with you, Jeff. I'm not going to bid until such time as I get assurance that Heritage has stopped bidding on their own items or at least tells us which items they are bidding on so I can avoid them.
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#6
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My guess is they won't change until they think this is negatively impacting their bottom line. Nobody has posted over here saying they appreciate what Heritage is doing and wish more auction houses would do the same.
The fact that they seem unwilling to change their policy leads me to believe they are making a lot of extra money doing what they are doing and that they can weather the negative publicity here. They won't even change the written policy so that it is in line with their own claims about their actual practices made above. Bidders should think long and hard about this. It is just my opinion, but my evaluation of their actions is that they do not care what we, their customers think, at least not in any substantive way. As long as it does not impact their profits, they will not change. JimB |
#7
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i'd like to thank heritage for sponsoring the nat'l dinner. keep up the good work guys.
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One post max per thread. |
#8
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If the auction house is buying lots from their own auctions, they are getting a 20% discount compared to the rest of the bidders. Now my analogy of taking $5 from one pocket and putting it into the other is a bit oversimplified because they theoretically pay a tax on that 20% bp, but I'm sure the amount they end up paying depends on how they keep their books. Either way, they are receiving a substantial discount the rest of their bidders are not getting. This is another ethical issue to consider.
__________________
Always looking for: 1913 Cravats pennants St. Paul Saints Game Used Bats and Memorabilia http://www.net54baseball.com/showthread.php?t=180664 |
#9
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$co++ Forre$+ |
#10
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In instances in which an auction house actually wins an item, as opposed to just bidding, the auction house loses the buyers premium from what would have been a non-auction house high bidder, so saying an auction house gets the piece at a good size discount to non-auction house bidders by not paying a buyers premium (or by paying buyers premium to another company business) is not really accurate. There is a smidgen of a discount - the amount of buyers premium the auction house would have paid (if they were not the auction house) at the price they won the item, less the amount of buyers premium the losing non-auction house bidder would have paid if the auction house had not bid and won. Therefore, I do not think this is much of a factor.
Last edited by BigJJ; 07-22-2012 at 06:09 AM. |
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