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#1
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Mastro Increased Buyers Premium
Posted By: Andy
Just got an email saying the buyers prem. was up'ed to 17.5%. |
#2
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Mastro Increased Buyers Premium
Posted By: Chris Mc
With all things considered this is going to become the standard for auction houses. Ever increasing premiums for buyers of vintage items. Collecting vintage items is becoming more and more popular,auction houses know this. With the ebay stage set, finding raw cards from other sources will carry a premium, an ever incresing premium. |
#3
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Mastro Increased Buyers Premium
Posted By: Scott Forrest
...more competition for quality consignments and the need to offer consigner incentives? |
#4
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Mastro Increased Buyers Premium
Posted By: Hal Lewis
I assume that this is because Mastro is no longer able to charge a "seller's premium" since other major auctions are accepting high quality consignments on a 0% commission basis. |
#5
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Mastro Increased Buyers Premium
Posted By: Max Weder
http://pages.ebay.com/help/sell/fees.html |
#6
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Mastro Increased Buyers Premium
Posted By: Hal Lewis
So Ebay is 11.5% better for sellers... |
#7
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Mastro Increased Buyers Premium
Posted By: Scot
Mastro sold my 1948 leaf set years ago. They charged me a selling fee of 15% and the buyer a 15% buyers premium + shipping. I waited 7 weeks for the balance. I've bought some really nice stuff from Mastronet but, I try to sell on my own now. |
#8
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Mastro Increased Buyers Premium
Posted By: JimCrandell
Hal, |
#9
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Mastro Increased Buyers Premium
Posted By: Charlie
Is Robert Edward Auctions rate to consign material 0% also? |
#10
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Mastro Increased Buyers Premium
Posted By: Hal Lewis
Exactly Jim (Dav). |
#11
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Mastro Increased Buyers Premium
Posted By: Bob C
Just what we need - higher fees |
#12
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Mastro Increased Buyers Premium
Posted By: Dan Koteles
I think that you are 100% correct on all points, I couldnt have said it any better. |
#13
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Mastro Increased Buyers Premium
Posted By: dan mckee
Soon this hobby will be for the wealthy only. I can't compete and it is darn frustrating. Higher fees are expected. Everyone's thoughts here are right on. |
#14
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Mastro Increased Buyers Premium
Posted By: Hal Lewis
Kind of raises an interesting question. |
#15
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Mastro Increased Buyers Premium
Posted By: leon
It's still worth what someone is willing to pay for it, $1200. It's just that you'll only recognize $1000 if you consign it. I don't blame Mastro but it still sucks for buyers. I guess with a lot of the negotiated lower consignment fees, to get quality material, this will be the norm for major auction houses (actually it already is). Just wait till I consign. The other ways to sell do become a little better as escalating fees get put on buyers...I think a selling point, for selling privately, now can be NO BUYERS FEE of 17% to 20%.......regards |
#16
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Mastro Increased Buyers Premium
Posted By: Scott Forrest
the numbers have been moved around, but unless the bidders fail to read the emails Mastro sent out, the results dollar-wise should be the same for everyone. |
#17
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Mastro Increased Buyers Premium
Posted By: JimCrandell
Hal, |
#18
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Mastro Increased Buyers Premium
Posted By: Hal Lewis
But Jim... |
#19
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Mastro Increased Buyers Premium
Posted By: JimCrandell
Hal, |
#20
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Mastro Increased Buyers Premium
Posted By: Hal Lewis
Jim: |
#21
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Mastro Increased Buyers Premium
Posted By: leon
Auction houses aren't the ONLY way to sell. There is always the Ebay way. They take a lot less fees but also might get less heavy hitter bidders. I do remember BMW Sportscards selling some very valuable cards on ebay and getting good money for them. I think I remember a Bronco Ngurksi (sp?) getting about 80k on Ebay....and I think there was a very high end '51 Mantle too....But in the long run it's still going to be the auction houses that get the best stuff in quantity. This also might be an open door invitation for the smaller auction houses to gain a little market share. I don't think I've ever heard of anyone complaining about 19thCenturyOnly and some other smaller ones.....If I were going to sell my collection I would certainly have to look at all venues to see what would realize the most money in MY pocket. regards |
#22
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Mastro Increased Buyers Premium
Posted By: Hal Lewis
Leon: |
#23
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Mastro Increased Buyers Premium
Posted By: Cy
Hi, |
#24
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Mastro Increased Buyers Premium
Posted By: JudgeDred
The one nice benefit of bidding with a major auction house is that you are relatively certain that what you are getting is real and the reputable auction houses will do their best to due dilligence in the cases where there may be a "disagreement" between the buyer and the auction house. |
#25
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Mastro Increased Buyers Premium
Posted By: Hal Lewis
Cy: |
#26
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Mastro Increased Buyers Premium
Posted By: leon
IMO it's worth what the buyer is willing to pay with all fees added in. $1750 is what he's paying then $1750 is the market value to that person at that time.....regards |
#27
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Mastro Increased Buyers Premium
Posted By: Hal Lewis
Leon: |
#28
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Mastro Increased Buyers Premium
Posted By: leon
It's semantics. You are talking about the owner (seller) and I am talking about the buyer. Let's take your collection for instance. Let's say it's valued at 1M to YOU. A buyer that would pay exactly 1M would mean that you only get about $825k for it....as the buyer has to pay the buying fees. Soooo the cards are still worth 1M, as that is what the buyer is paying....but you are only receiving about $825k. No different than selling a house and giving the realtor 5%-6% commission. If the house get's sold for 1M then the seller only get's $940k or so......that doesn't mean the house is worth less there's just some cost's to sell it.. |
#29
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Mastro Increased Buyers Premium
Posted By: Hal Lewis
I know. |
#30
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Mastro Increased Buyers Premium
Posted By: JudgeDred
Realized sale price at the end of the auction is just that. You could take the same items and auction them off three months later and the price could either rise or fall. Bottom line the card is worth the total amount someone is willing to pay for it. As a seller you may realize less because of a sellers premium but that only means that it was worth less to you because you let someone else sell it for you and that is the fee you pay to maximize your income potential. |
#31
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Mastro Increased Buyers Premium
Posted By: Hal Lewis
My collection may fecth $1,000,000 whenever it finally goes to auction in 50 years... |
#32
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Mastro Increased Buyers Premium
Posted By: Cy
Hal, |
#33
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Mastro Increased Buyers Premium
Posted By: Hal Lewis
NOW you clearly understand how it works! |
#34
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Mastro Increased Buyers Premium
Posted By: Julie
to a private person--from a private person. Never! I would never charge or pay a buyer's premium (or seller's premium) in a private deal. |
#35
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Mastro Increased Buyers Premium
Posted By: davidcycleback
My feeling is that there should be some balance in charges. Charging one side 20 percent and the other side zero is not a swell idea in my opinion. I do not even beleive that this imbalance is benificial to consigners. |
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