The Leon Luckey Type Card Collection – Bidding Ends on Thursday - August 13, 2015

[Peter_Spaeth]

Originally Posted by begsu1013

there's a reason you've had to say this 100,001 times, peter.

go ahead and regurgitate it another 100,001 times and you'll still be wrong.

Any intelligent bidder understands this, I am not sure why you don't Bob. But to repeat what Tom just said, and what has been said countless times, take the fee into account when deciding how much you want to bid. It's that simple. It affects the consignor not the bidder.

[begsu1013]

Originally Posted by Peter_Spaeth

Any intelligent bidder understands this, I am not sure why you don't Bob. But to repeat what Tom just said, and what has been said countless times, take the fee into account when deciding how much you want to bid. It's that simple. It affects the consignor not the bidder.

I have no interest in arguing w/ an intelligent collector that has to repeat something 100,001 times yet nothing resonates. w/ that being said it would be utterly useless to even tap in on your "it only effects the consignor" theory.

let's repeat one of you favorite quotes: for a man only hears what he wants to hear, right?

[Peter_Spaeth]

I give up Bob. Others will have to educate you.

[begsu1013]

thank you. and let's keep in mind, i never signed up for your class.

[darwinbulldog]

Anybody get their shipping refund yet? Anyone know if it's supposed to be credited back to PayPal (for those of us who paid with PayPal) or if it's just "store credit"? Or something else?

[ccre]

Originally Posted by darwinbulldog

Anybody get their shipping refund yet? Anyone know if it's supposed to be credited back to PayPal (for those of us who paid with PayPal) or if it's just "store credit"? Or something else?

I asked when I would receive the refund. They emailed me that I'm getting a "credit" towards future auctions. That's bs!!

[Bliggity]

Originally Posted by ccre

I asked when I would receive the refund. They emailed me that I'm getting a "credit" towards future auctions. That's bs!!

That's ridiculous if it's true. Per the email they sent a few days ago:

"if you have already paid for your invoice with an incorrect shipping charge, then you will receive a refund for the difference."

[unamuzd1]

Originally Posted by ccre

I asked when I would receive the refund. They emailed me that I'm getting a "credit" towards future auctions. That's bs!!

Wait - they made an error, so they get to earn interest on our money? Guess I need to scroll through the thread to find the right email address to indicate my thoughts on that.

[ls7plus]

Originally Posted by Peter_Spaeth

Any intelligent bidder understands this, I am not sure why you don't Bob. But to repeat what Tom just said, and what has been said countless times, take the fee into account when deciding how much you want to bid. It's that simple. It affects the consignor not the bidder.

Absolutely +1.

Right on, Peter.

Highest regards,

Larry

[begsu1013]

Originally Posted by ls7plus

Absolutely +1.

Right on, Peter.

Highest regards,

Larry

-1

[Econteachert205]

On the topic of buyers premium:

I do agree that as a buyer you simply factor this into your final price before hand as a matter of fact. That still doesn't mean that as a buyer I don't think about the size of the buyers premium. For instance I would rather have a 10 percent buyers premium rather than 20. Before you tell me the item in the 10 percent premium auction will simply sell for 10 percent more in the final bidding, as a former worker at an auction let me just say NO, NO. I worked at a general antiques auction with a flat 10 percent buyers premium. I also went regularly to auctions in the same area with higher buyers premiums at 15-20 percent. The prices almost never correlated in terms of factoring in buyers premium, often the same item would sell for the same exact price in both auctions. Given that wouldn't you rather start out 10 percent in the hole as opposed to 20?

[Orioles1954]

I've seen it happen time and time again. In the heat of auction battles, the sense of a buyers premium often goes out the window.

[T206Collector]

Originally Posted by Orioles1954

I've seen it happen time and time again. In the heat of auction battles, the sense of a buyers premium often goes out the window.

+1

If it didn't get ignored then the auction houses wouldn't use it, and would just deduct a percentage from the final bid to take away from the consignor. Stated another way, when you placed your bid you'd see the actual cost when you clicked the button, as opposed to a lesser pre-premium cost.

[Peter_Spaeth]

Originally Posted by T206Collector

+1

If it didn't get ignored then the auction houses wouldn't use it, and would just deduct a percentage from the final bid to take away from the consignor. Stated another way, when you placed your bid you'd see the actual cost when you clicked the button, as opposed to a lesser pre-premium cost.

That is an absurd argument, particularly where many AHs remind you of the premium at the time you bid either by doing the math for you or by having a parenthetical saying not including buyer's premium.

[Orioles1954]

Originally Posted by T206Collector

+1

If it didn't get ignored then the auction houses wouldn't use it, and would just deduct a percentage from the final bid to take away from the consignor. Stated another way, when you placed your bid you'd see the actual cost when you clicked the button, as opposed to a lesser pre-premium cost.

People don't like to lose and they get emotionally invested in an item that they bid on. Honestly, I would estimate the majority approach auctions in such a way.

[Peter_Spaeth]

Originally Posted by Orioles1954

I've seen it happen time and time again. In the heat of auction battles, the sense of a buyers premium often goes out the window.

How do you know it isn't the sense of overall value that goes out the window?

[4815162342]

Originally Posted by Econteachert205

On the topic of buyers premium:

I do agree that as a buyer you simply factor this into your final price before hand as a matter of fact. That still doesn't mean that as a buyer I don't think about the size of the buyers premium. For instance I would rather have a 10 percent buyers premium rather than 20. Before you tell me the item in the 10 percent premium auction will simply sell for 10 percent more in the final bidding, as a former worker at an auction let me just say NO, NO. I worked at a general antiques auction with a flat 10 percent buyers premium. I also went regularly to auctions in the same area with higher buyers premiums at 15-20 percent. The prices almost never correlated in terms of factoring in buyers premium, often the same item would sell for the same exact price in both auctions. Given that wouldn't you rather start out 10 percent in the hole as opposed to 20?

I don't think your experience at a general antiques auction is comparable to a big sports AH.

For goodness sakes, with easy-to-use sites like Heritage, which display the bid amount w/BP right next to the bid amount, how can anyone be confused about this?

[Peter_Spaeth]

Originally Posted by 4815162342

I don't think your experience at a general antiques auction is comparable to a big sports AH.

For goodness sakes, with easy-to-use sites like Heritage, which display the bid amount w/BP right next to the bid amount, how can anyone be confused about this?

Daryl nobody is confused except maybe Bob, and even if they were, they would at most make a single mistake and not repeat it ever again after they saw the premium tacked on.

[nolemmings]

Maybe this has been explained before and I'm just tired, but I am curious to know why an AH doesn't just skip the buyer's premium altogether and take their 1/6 share from the final hammer price. If buyers are already aware of BPs and adjust their max bids accordingly, presumably their max bids would increase once free of BPs. If the ultimate price with BP is the same as without it, and buyers don't care who gets what split of their money, then it should make no difference, right? On the other hand, if, for whatever reason and in spite of logic buyers don't like BPs and withhold participation for that strange (IMO) reason, then they will bid more and the hammer price would be higher without them.

IOW, if the BP doesn't make any difference and bidders ultimately pay the same max price with or without it, then why won't an AH try it the other way and charge no BP, agreeing instead to take its cut from the consignor's share?