Anybody Noticing PWCC weekly auction content and sales $$$'s?

[Leon]

Originally Posted by Peter_Spaeth

Chase, you may be right, but even so what's the worst that happens if you bid x/1.2? You lose, so what? Not a reason not to bid. The outrage people constantly express about BPs just seems completely misplaced. As though they're being forced to pay more.

I am not sure where you saw all of the outrage? Personally, I said I am much less likely to bid with them with the 20% BP. Why? Because there are some of the best AHs around that advertise here and charge the same. Between ebay, our BST and Net54 advertisers, that is where about 98% of the few bucks I have to spend goes. It might just be a principle thing for me too.

[Peter_Spaeth]

Originally Posted by Leon

I am not sure where you saw all of the outrage? Personally, I said I am much less likely to bid with them with the 20% BP. Why? Because there are some of the best AHs around that advertise here and charge the same. Between ebay, our BST and Net54 advertisers, that is where about 98% of the few bucks I have to spend goes. It might just be a principle thing for me too.

People have been complaining about BPs since I started reading this board. And I don't know why. It's a non-issue except for consignors. If consignors don't want to give up 20 percent to PWCC and would rather give it up to an AH, I get that. But it's just a math calculation for a bidder.

Maybe outrage is an overstatement for this thread, but posters did state the 20 percent BP would cause them not to bid. And I'm like, why?

[JeremyW]

Originally Posted by Peter_Spaeth

People have been complaining about BPs since I started reading this board. And I don't know why. It's a non-issue except for consignors. If consignors don't want to give up 20 percent to PWCC and would rather give it up to an AH, I get that. But it's just a math calculation for a bidder.

Maybe outrage is an overstatement for this thread, but posters did state the 20 percent BP would cause them not to bid. And I'm like, why?

I agree. All premiums are paid by the consignor. If an auction house offers 19% buyer's premium all that means is that the consignor gets 1% more than usual.

[darwinbulldog]

Shhh. Some of us like it when other bidders remove themselves from the action.

[Yoda]

The current bunch of T206s in their current weekly auction is a far cry from yesterday. Pure dog poop.

[Snowman]

Originally Posted by darwinbulldog

Shhh. Some of us like it when other bidders remove themselves from the action.

lol. "Please do not tap on the glass."

[BobbyStrawberry]

Originally Posted by Leon

I am not sure where you saw all of the outrage? Personally, I said I am much less likely to bid with them with the 20% BP. Why? Because there are some of the best AHs around that advertise here and charge the same. Between ebay, our BST and Net54 advertisers, that is where about 98% of the few bucks I have to spend goes. It might just be a principle thing for me too.

I agree about the principle... 20% BP at quality AHs like REA or LOTG is one thing, but PWCC? That's like McDonald's instituting a compulsory valet parking policy. And on top of that, they want to keep your cards!!