AH Buyer's Premium

[Gradedcardman]

The buyers premium does make a difference to me and I take it into account when bidding. If its an item I have been searching for then I may not consider it quite as much but normally yes.

[Duluth Eskimo]

I agree 100%. I didn't really care that much until it hit 15-20% or more in some cases. A "buyers premium" is almost ridiculous to say. The seller should shoulder any fee for the sale of an item. I feel like a sheep leading myself to slaughter when I pay to purchase something from an auction house.

[keithsky]

There is no BP on Ebay and they seem to make money. Granted there are more people on the there and a bigger company. Inside the park Collectibles has their auction and they don't have a BP. What you buy is what you pay. Plus it's great people to deal with. They seem to make it ok without a BP.

[Topnotchsy]

Originally Posted by keithsky

There is no BP on Ebay and they seem to make money. Granted there are more people on the there and a bigger company. Inside the park Collectibles has their auction and they don't have a BP. What you buy is what you pay. Plus it's great people to deal with. They seem to make it ok without a BP.

The BP is mostly psychological in 2 ways:

1) As a seller you may consider that money less "yours" because it is not shown as part of the ending auction price

2) For the buyer, at times (particularly in a bidding war) you may pay less attention to it.

I don't know the net margins that auction houses work with, but comparing them to eBay ignores the work that auction houses do as far as write-ups and marketing. As a seller, it behooves us to consider which platform is better for the items they are looking to sell.

[jefferyepayne]

Dang right I pay attention to it! If the auction house doesn't show you your totals with the buyers premium included I mentally add it while bidding.

If I'm doling out the $$$$$, its part of the sales price and I bid accordingly based on what the buyers premium is.

jeff

[perezfan]

Originally Posted by keithsky

There is no BP on Ebay and they seem to make money. Granted there are more people on the there and a bigger company. Inside the park Collectibles has their auction and they don't have a BP. What you buy is what you pay. Plus it's great people to deal with. They seem to make it ok without a BP.

Yes... Kudos to Lou and John of ITPC for operating all these years with no fee.

They are the best!