Auction House Buyer's Premiums

[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!


Sent from my SM-N950U using Tapatalk

[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

[x2drich2000]

Ryan, no idea who RR is either, but here is a link to the T&C. https://www.rrauction.com/terms.cfm. Interesting is they are in MA, have a NH mailing address and also collect PA sales tax. Seems like they are more of a general auction house rather than strictly a sports collectibles house.

DJ

[Rhotchkiss]

Thanks DJ. I saw that page but didn’t realize you had to scroll down. That is helpful. Now, if I want a card that I think is worth $1000, my highest bid will be $775 (or as close as the increment will let me get), because I know (because it’s stated) that I have to add 22.5% to my bid

[Leon]

3.2% idiots. I would have thought more.

.

[Fballguy]

Originally Posted by Leon

3.2% idiots. I would have thought more.

.

That's because many here confuse disdain for the BP with people not knowing it exists.