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  #1  
Old 04-21-2018, 10:02 AM
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Originally Posted by bobbyw8469 View Post
I agree with Adam. Heritage is one of THE MOST transparent of all the auction houses. You may not like the fees, but everything is explained to you. I have no problems with them.
So being told you're going to be raped makes the rape better?

Not talking about Heritage here...but the industry as a whole. The buyers premium is rape. No other way to describe it. If the government imposed a 20% sales tax in this country, I wonder if you'd all be so cool with it?

What does the 20% cover? It's not doing the sellers any favors. I'm surprised more auction houses haven't taken the step of offering a greatly reduced or better yet...gasp...no buyer's premium.

And shipping charges...$15 for two pennants from a familiar auction house doesn't seem that bad....until they arrive.

I have limited experience in dealing with auction houses...maybe a half dozen purchases in the last year and a half. But so far I'm not impressed and the disappointment isn't limited to just one. Half assed-ness and mediocrity seem to be key components of the mission statement for a large part of the industry.

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Old 04-21-2018, 10:06 AM
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So being told you're going to be raped makes the rape better?

Not talking about Heritage here...but the industry as a whole. The buyers premium is rape. No other way to describe it. If the government imposed a 20% sales tax in this country, I wonder if you'd all be so cool with it?

What does the 20% cover? It's not doing the sellers any favors. I'm surprised more auction houses haven't taken the step of offering a greatly reduced or better yet...gasp...no buyer's premium.

And shipping charges...$15 for two pennants from a familiar auction house doesn't seem that bad....until they arrive.

I have limited experience in dealing with auction houses...maybe a half dozen purchases in the last year and a half. But so far I'm not impressed and the disappointment isn't limited to just one. Half assed-ness and mediocrity seem to be key components of the mission statement for a large part of the industry.

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How do you suppose auction houses stay in business without charging a buyers premium...seeing as many waive the sellers premium?
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Old 04-21-2018, 10:14 AM
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Come on people!!!!!!!!!!

It is not difficult at all. You know you will be charged a 20% premium on top of your bid. Simply add the 20% to your bid, and you know what it will cost you.

Heritage even tells you when you bid, what the total will be with the buyer's premium! If you can't see that, then you have bigger problems to work on!

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Old 04-21-2018, 10:23 AM
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Worthless complaint solved by paying attention. Terrible analogy. Period. Change it.
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Old 04-21-2018, 10:25 AM
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Come on people!!!!!!!!!!

It is not difficult at all. You know you will be charged a 20% premium on top of your bid. Simply add the 20% to your bid, and you know what it will cost you.

Heritage even tells you when you bid, what the total will be with the buyer's premium! If you can't see that, then you have bigger problems to work on!

Steve
That wasn't the case for me. I had a 30.21% premium.
Not hostile or anything over this, just went from feeling excited about my purchases to exceedingly ambivalent.
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Old 04-21-2018, 10:26 AM
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That wasn't the case for me. I had a 30.21% premium.
Not hostile or anything over this, just went from feeling excited about my purchases to exceedingly ambivalent.
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Old 04-21-2018, 10:29 AM
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How do you suppose auction houses stay in business without charging a buyers premium...seeing as many waive the sellers premium?
Really...Many waive the sellers premium? Which ones? And for what criteria?

I guess it depends on your definition of "many". But I suspect that many more aren't having their sellers fees waived. I haven't sold anything through an auction house yet, so I can't speak to that. I'd be curious to hear from those that have.

As to how to stay in business. Be excellent at what you do.
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Old 04-21-2018, 10:32 AM
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Really...Many waive the sellers premium? Which ones? And for what criteria?

I guess it depends on your definition of "many". But I suspect that many more aren't having their sellers fees waived. I haven't sold anything through an auction house yet, so I can't speak to that. I'd be curious to hear from those that have.

As to how to stay in business. Be excellent at what you do.
I have NEVER paid a sellers "fee or premium" when selling through an auction house...NEVER! Most AH's will waive these fees if your submission is somewhat significant. On the other hand I have ALWAYS paid a buyers premium...ALWAYS!
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Old 04-21-2018, 10:45 AM
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I have NEVER paid a sellers "fee or premium" when selling through an auction house...NEVER! Most AH's will waive these fees if your submission is somewhat significant. On the other hand I have ALWAYS paid a buyers premium...ALWAYS!
Ditto... I would never even consider consigning to an AH that would charge me both a seller's premium and buyer's premium. There are just too many auction houses to choose from now a days that competition has made the seller's premium model a thing of the past.
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  #10  
Old 04-21-2018, 11:12 AM
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I have NEVER paid a sellers "fee or premium" when selling through an auction house...NEVER! Most AH's will waive these fees if your submission is somewhat significant. On the other hand I have ALWAYS paid a buyers premium...ALWAYS!
There's no "I" in many.
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Old 04-21-2018, 10:09 AM
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The buyers premium is rape. No other way to describe it.
Yeah, I'm sure there is a rape survivor on an internet chat board somewhere, explaining that being raped made her feel like she had to pay a 20% buyer's premium in a baseball card auction.
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  #12  
Old 04-21-2018, 10:33 AM
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Yeah, I'm sure there is a rape survivor on an internet chat board somewhere, explaining that being raped made her feel like she had to pay a 20% buyer's premium in a baseball card auction.
Good old overly sensitive Mr. Literal has entered the forum...box of kleenex in hand no doubt.
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Old 04-21-2018, 10:43 AM
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I've made three large (for me) purchases from Auction Houses. REA twice and Heritage once.... and I always knew exactly how much I was going to be paying with each bid. It's not difficult, the AHs tell you how much they charge.

But if you think that a Buyer's Premium is so unfair, stick to eBay.
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  #14  
Old 04-21-2018, 10:47 AM
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The buyer's premium is the cut of the auction that goes to the house. It affects the consignor, not the buyer. The higher the premium, the less percentage of the final price the consignor gets. It never ceases to amaze that people do not understand this.
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Old 04-21-2018, 10:54 AM
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Originally Posted by Peter_Spaeth View Post
The buyer's premium is the cut of the auction that goes to the house. It affects the consignor, not the buyer. The higher the premium, the less percentage of the final price the consignor gets. It never ceases to amaze that people do not understand this.
Personally, I wish they would do away with it in terms of bidding. As a bidder I hate having to mentally factor in the buyer's premium before I bid. Heritage shows you the total just below your bid amount. Not all auction houses do. I would just prefer to let my bid be the final price and let them do the math behind the scenes.

But I get why they do it and understand it won't change.
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Old 04-21-2018, 10:58 AM
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Personally, I wish they would do away with it in terms of bidding. As a bidder I hate having to mentally factor in the buyer's premium before I bid. Heritage shows you the total just below your bid amount. Not all auction houses do. I would just prefer to let my bid be the final price and let them do the math behind the scenes.

But I get why they do it and understand it won't change.
How hard is it to add 20 percent in your head or with a calculator? Much ado about nothing IMO.
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  #17  
Old 04-21-2018, 11:10 AM
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The buyer's premium is the cut of the auction that goes to the house. It affects the consignor, not the buyer. The higher the premium, the less percentage of the final price the consignor gets. It never ceases to amaze that people do not understand this.
Lol...It doesn't affect the buyer the same way sales tax doesn't affect the buyer, right?
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Old 04-21-2018, 11:15 AM
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Lol...It doesn't affect the buyer the same way sales tax doesn't affect the buyer, right?
Only if you don't understand it. Otherwise, no, it doesn't, it's just part of the bid calculation. For anyone who understands it, the BP is a matter of indifference -- it could be zero or it could be 50 percent.
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  #19  
Old 04-21-2018, 10:47 AM
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Heritage is very straight forward. Do the fees suck? Yes. But they are part of it.
Can’t imagine the words the op would have used had a multi- thousand dollar card been purchased. Very unfortunate comparison and use of words. Come on. No comparison between rape and a fee on a baseball card auction.
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Old 04-21-2018, 10:49 AM
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Good old overly sensitive Mr. Literal has entered the forum...box of kleenex in hand no doubt.
Watch out for political comments. I am guessing some conservatives thought what he did too. But regardless, let's keep politics out of here.
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Old 04-21-2018, 10:55 AM
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That's why eBay has been popular over the years because they don't have a buyer's premium what you see is what you pay. They have major flaws on eBay and are always making asinine changes but have consistently not impose the buyer's premium on people. I'm sure everyone on here has bought or sold on eBay at some point and it's been nice not to have to pay 20% buyer's premium on eBay. Once they wise up and start thinking about charging a buyer's premium then everybody will be complaining about that.
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Old 04-21-2018, 10:58 AM
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I also want to add my name to the list of people who find the title of this thread offensive.

It needs to be changed!

Steve
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Old 04-21-2018, 11:17 AM
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That's why eBay has been popular over the years because they don't have a buyer's premium what you see is what you pay. They have major flaws on eBay and are always making asinine changes but have consistently not impose the buyer's premium on people. I'm sure everyone on here has bought or sold on eBay at some point and it's been nice not to have to pay 20% buyer's premium on eBay. Once they wise up and start thinking about charging a buyer's premium then everybody will be complaining about that.
I regularly compare sale prices between eBay and auction house results and I'm amazed at how much people over pay for items in auction. I was watching some complete sets in a few recent auctions and lost interest when I realized I could get the sets much cheaper on eBay. It's like some people don't know eBay exists...or think they can only get a good item if they pay through the nose for it.
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Old 04-21-2018, 08:13 PM
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Originally Posted by Fballguy View Post
I regularly compare sale prices between eBay and auction house results and I'm amazed at how much people over pay for items in auction. I was watching some complete sets in a few recent auctions and lost interest when I realized I could get the sets much cheaper on eBay. It's like some people don't know eBay exists...or think they can only get a good item if they pay through the nose for it.
Your experience not withstanding - I buy A LOT from both ebay and auction houses and there are plenty of "better deals" I have gotten from auction houses and plenty of incredibly higher than market prices I have seen on ebay - neither always the case, but truly a mix - even after all AH fees
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Old 04-22-2018, 04:01 AM
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I regularly compare sale prices between eBay and auction house results and I'm amazed at how much people over pay for items in auction. I was watching some complete sets in a few recent auctions and lost interest when I realized I could get the sets much cheaper on eBay. It's like some people don't know eBay exists...or think they can only get a good item if they pay through the nose for it.
Ebay is also a scammers paradise. Obviously, there are many honest and ethical sellers (and buyers) on eBay, but the chances of getting outright scammed by a reputable auction house is pretty small, compared to the numbers of outright scammers that operate with impunity on eBay,
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Old 04-21-2018, 11:06 AM
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Watch out for political comments. I am guessing some conservatives thought what he did too. But regardless, let's keep politics out of here.
I'm thinking you thought I said "Liberal"? I said "Literal":

adjective
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Old 04-21-2018, 11:27 AM
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I'm thinking you thought I said "Liberal"? I said "Literal":

adjective
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Yeap, I can't see my computer screen. Now quit getting all literal. (says Emily Litella, Gilda Radner)
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Old 04-21-2018, 04:27 PM
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When I place a bid with Heritage it shows my bid plus it shows the cost with BP. So I guess I’m lost on how someone can be confused on the what the total will end up. I’m pretty sure I don’t have a magic computer and it’s the same for everyone.
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Old 04-21-2018, 11:38 AM
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So you can define "literal" with the help of an internet dictionary, but you can't seem to see the difference between informed consent (the practice of the auction house) and the analogy used in the title. And for your error or inability, everyone who disagrees with you gets the pleasure of being accused of being either old, sensitive, or "literal." (None of those things are de facto bad, by the way.) When in fact it is your mistake all along.

As someone who counsels assault survivors, the analogy is gross. But even if you think it isn't, it is just the wrong analogy. Your choice on which one you want to defend. Now, back to complaining about terms clearly noted by auction houses...

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I'm thinking you thought I said "Liberal"? I said "Literal":

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Old 04-21-2018, 11:09 AM
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Some of you folks criticizing the OP for the use of the word rape really need to look up the definition of rape.

Hint - the word has several other meanings other than the act of an unconsented sexual assault - e.g. rape the land.

I'm not defending hthe OP and surely he should have considered the BP, taxes, shipping and etc, but if he feels violated (and I don't agree that we was), then rape is definitely an appropriate choice of words.
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Old 04-21-2018, 11:31 AM
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Some of you folks criticizing the OP for the use of the word rape really need to look up the definition of rape.

Hint - the word has several other meanings other than the act of an unconsented sexual assault - e.g. rape the land.

I'm not defending hthe OP and surely he should have considered the BP, taxes, shipping and etc, but if he feels violated (and I don't agree that we was), then rape is definitely an appropriate choice of words.
While rape is an appropriate word by definition, it is an extremely powerful word. In my opinion, using it in any context less significant undermines the severity, suffering, distress, and personal violation of those who have experienced a sexual assault.
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Old 04-21-2018, 11:40 AM
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While rape is an appropriate word by definition, it is an extremely powerful word. In my opinion, using it in any context less significant undermines the severity, suffering, distress, and personal violation of those who have experienced a sexual assault.
Oh, he should have been more politically correct? Understood.
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Old 04-21-2018, 12:03 PM
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While rape is an appropriate word by definition, it is an extremely powerful word. In my opinion, using it in any context less significant undermines the severity, suffering, distress, and personal violation of those who have experienced a sexual assault.
It's not accurate regardless of what meaning he intended, as rape is never consensual, unlike his purchase.
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Old 04-21-2018, 10:30 AM
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So being told you're going to be raped makes the rape better?

Not talking about Heritage here...but the industry as a whole. The buyers premium is rape. No other way to describe it. If the government imposed a 20% sales tax in this country, I wonder if you'd all be so cool with it?

What does the 20% cover? It's not doing the sellers any favors. I'm surprised more auction houses haven't taken the step of offering a greatly reduced or better yet...gasp...no buyer's premium.

And shipping charges...$15 for two pennants from a familiar auction house doesn't seem that bad....until they arrive.

I have limited experience in dealing with auction houses...maybe a half dozen purchases in the last year and a half. But so far I'm not impressed and the disappointment isn't limited to just one. Half assed-ness and mediocrity seem to be key components of the mission statement for a large part of the industry.

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Your knowledge of how auction houses operate seems to be the only thing half assed I see in your post. Would you show up for work or provide a service if you weren't being compensated?
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Old 04-21-2018, 11:08 AM
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Your knowledge of how auction houses operate seems to be the only thing half assed I see in your post. Would you show up for work or provide a service if you weren't being compensated?
Grumpy old man in da house!
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Old 04-21-2018, 11:13 AM
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god I hate those damn Literals!!!!
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Old 04-21-2018, 11:21 AM
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je.sse @rnot
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Grumpy old man in da house!
Not grumpy, just amazed at the ignorance shown in your response. And I'm probably young by net54 standards.
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Old 04-21-2018, 12:57 PM
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Not grumpy, just amazed at the ignorance shown in your response. And I'm probably young by net54 standards.
Sorry...You came out of the gate a little hot. Thought for sure you had one eye on the lawn as you were typing.
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Old 04-21-2018, 11:15 AM
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So being told you're going to be raped makes the rape better?

Not talking about Heritage here...but the industry as a whole. The buyers premium is rape. No other way to describe it. If the government imposed a 20% sales tax in this country, I wonder if you'd all be so cool with it?

What does the 20% cover? It's not doing the sellers any favors. I'm surprised more auction houses haven't taken the step of offering a greatly reduced or better yet...gasp...no buyer's premium.

And shipping charges...$15 for two pennants from a familiar auction house doesn't seem that bad....until they arrive.

I have limited experience in dealing with auction houses...maybe a half dozen purchases in the last year and a half. But so far I'm not impressed and the disappointment isn't limited to just one. Half assed-ness and mediocrity seem to be key components of the mission statement for a large part of the industry.

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Stop calling it rape, you agreed to it.
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