Goodwin Auction has some very nice cards...

[Adam]

Nice EPDG backed T206 Lundgren. I remember talking with Ted Z. at his table at the national about how challenging that combination is.

[quinnsryche]

I'd like to chime in with a question & comment. I have never understood why a buyer's premium is attached to these type auctions. I have to pay an additional fee for the right to purchase an item? Where else in society does this apply? I can't think of one. Say what you want about Ebay, at least it's a simple "pay what you bid" system. And 17.5% seems ridiculously high. If you want $117.50 (for a $100 card) just make the minimum bid $117.50.

[barrysloate]

I believe Goodwin does not charge a seller's commission- it's 0%. So without a BP he is doing charity work. I suppose he could waive the BP and charge sellers 15-20%, but that just isn't done.

[quinnsryche]

I was on the Goodwin home page and it states a 17.5% buyers premium. That's where I got that # from. Posted for accuracy sake.

[canjond]

I thought SBC was SGC, albeit the earliest version of the company?

[Orioles1954]

Just as an FYI, we got a SBC card consigned to us last week. When I cracked the case, not only did the card smell to high heaven (glue) but it was also the rare 1957 Topps Mini variation of the player.

J-

[calvindog]

Originally Posted by barrysloate

I believe Goodwin does not charge a seller's commission- it's 0%. So without a BP he is doing charity work.

Now that is the line of the day.

[Leon]

Originally Posted by quinnsryche

I'd like to chime in with a question & comment. I have never understood why a buyer's premium is attached to these type auctions. I have to pay an additional fee for the right to purchase an item? Where else in society does this apply? I can't think of one. Say what you want about Ebay, at least it's a simple "pay what you bid" system. And 17.5% seems ridiculously high. If you want $117.50 (for a $100 card) just make the minimum bid $117.50.

Unless the company is a non-profit one then the buyers premium is, many times, the only profit the auction company makes. That is the reason for a buyers premium. It's business 101. A sellers premium is a different story but they still exist in some places.

edited to say I only read the first part of Barry's explanation. The 2nd line is basically what I said too...nothing like redundancy to get the point across

Originally Posted by quinnsryche

I have to pay an additional fee for the right to purchase an item? Where else in society does this apply? I can't think of one.

Almost anything and everything you buy. They are called TAXES

On a serious note you question strikes a bell with me and this is why I have only bought twice from and auction house.

[Peter_Spaeth]

Originally Posted by Pup6913

On a serious note you question strikes a bell with me and this is why I have only bought twice from and auction house.

Seriously?

[tbob]

BCCG was created by Beckett as kind of a collector's grade slab and the grades are more determined by authenticity than actual grade. There are BCCGs in 5 and 6 grade which wouldn't cross over to an SGC 20 or PSA 2. You have to be careful on these. The BVG is Beckett's regular grading which follows the grades received by SGC, PSA and GAI pretty closely. The BCCG grades are not related to anything. If you want to protect your card by slabbing it and think it looks nice in a slab, regardless of what the grade says, than BCCG is for you, otherwise, you need to have the BVG grading system and slab.

Originally Posted by Peter_Spaeth

Seriously?

I primarily use Ebay to buy. I just don't think paying a massive fee is worth it to me. I also can't even keep up with whats being auctioned and when. Most the time the cards I am after surface after a large buy and the account is empty anyways. Prime example is the T205 Young on Goodwin now. Just dropped a few K on cards for my set and of course this one pops up.

[Peter_Spaeth]

Originally Posted by Pup6913

I primarily use Ebay to buy. I just don't think paying a massive fee is worth it to me. I also can't even keep up with whats being auctioned and when. Most the time the cards I am after surface after a large buy and the account is empty anyways. Prime example is the T205 Young on Goodwin now. Just dropped a few K on cards for my set and of course this one pops up.

How do you figure you are paying a massive fee? The buyer's premium has nothing to do with you, it has to do with how the auction house and the consignor split the final sale price.

[nolemmings]

I agree Peter. I've never really understood why someone who is willing to pay $200 for a card won't just bid $170 and count on writing out the check for the full two bills, i.e. simply factor it into the bidding. It really makes no nevermind to the buyer who sees the cash in the end.

On the other hand, I don't necessarily understand why they can't simply have a straight bidding process with the auction house just taking its cut from the final hammer price. The same bidder presumably will offer his same $200. I suspect it is designed to have some psychological effect or some hidden unappreciated impact, like the guy buying his car for $29,999.00 saying he got it for under $30K. Still, it takes so little to overcome such sophistry, and it just may (and apparently does) alienate those who think someone is trying to pull something. Is there some different tax treatment or other advantage to adding the BP that I'm missing?

[Matt]

Originally Posted by quinnsryche

I'd like to chime in with a question & comment. I have never understood why a buyer's premium is attached to these type auctions. I have to pay an additional fee for the right to purchase an item? Where else in society does this apply? I can't think of one. Say what you want about Ebay, at least it's a simple "pay what you bid" system. And 17.5% seems ridiculously high. If you want $117.50 (for a $100 card) just make the minimum bid $117.50.

It's just a shell game; as far as bidders are concerned, we only care about the total number out of pocket we will be paying - whether a % of that is described as a "buyer's premium" at a major auction house, or not, as on ebay, doesn't really matter - what matters is what we have to pay.