Auction House Buyer's Premiums

[RedsFan1941]

the bid increments some auction houses impose should bother bidders a lot more than a buyers premium. but for the most part, they don't. and won't.

[Peter_Spaeth]

Originally Posted by RedsFan1941

the bid increments some auction houses impose should bother bidders a lot more than a buyers premium. but for the most part, they don't. and won't.

I've been in that trap many times where I would bid somewhat more but the next increment is irrational.

[Bigdaddy]

I can find most of the items I'm after on the 'Bay. I may have to search for a couple of months to find the grade/price ratio I'm comfortable with, but what the heck, I've got time. Besides, that slows down my outlay over time so that I can put food in our mouths and pay the rent.

If I did bid at AHs, I would certainly take the BP into account. If I remembered to.

[Republicaninmass]

Not the BP as much, but then shipping kind of adds Insult to injury. I i do factor in the BP, but then looking at that final invoice with a ridiculous shipping charge always leaves a bad taste

[ullmandds]

Originally Posted by Republicaninmass

Not the BP as much, but then shipping kind of adds Insult to injury. I i do factor in the BP, but then looking at that final invoice with a ridiculous shipping charge always leaves a bad taste

+1...plus any other odd charges that were added...like tax!!!!

[Republicaninmass]

Originally Posted by ullmandds

+1...plus any other odd charges that were added...like tax!!!!

People mentioned it was cheaper to buy a house in tax free NV when the market crashed, and let the packages build up until was worth the trip!


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[Rhotchkiss]

So here is a fun and relevant experiment. Most you have likely seen the add here for R&R Auctions. I have no clue who they are but they have some very interesting and nice cards coming up for auction soon. I signed up for the auction and spent over an hour trying to navigate the site. A few things to note- first, the buyer’s premium is 22.5%!! Let’s see how that affects bidding; it will affect my bidding for sure. Second, nowhere that I can find do they list fees like shipping and sales tax. In fact, I cannot find one place, like every other auction house, that just lists all the rules.

I have sent them an email with a bunch of questions, but based on the high BP and the lack of transparency, coupled with the fact that I have never heard of them, I am very much on the fence whether I even place a bid on anything (and there are several things I need/could use).

With regards to this thread specifically, If I place any bids with this auction house, I will 100% be mindful of the fact that I need to add 22.5% to the price.

Ryan Hotchkiss