The buyers premium ultimately comes out of the sellers pocket. Intelligent bidders bid accordingly so you, the consignor, realize less. I will not buy from or consign merchandise with an auctioneer that charges a buyers premium no matter how they claim to advertise/hype the goods. I wonder how long it will be before e--pay challenges us with this concept? > Date: Fri, 3 Aug 2012 22:59:35 -0700 > From: [email protected] > To: [email protected] > Subject: Re: [meteorite-list] Auction Questions > > I found a good explanation on this website about buyers premiums at auctions: > > > Here is a link that explains it: > > http://www.ganews.co.uk/premium.html > > Pretty interesting reading. He helped me greatly to understand the concept > although I do not agree with it. > > > Take Care > > Adam > > > > > ----- Original Message ----- > From: Adam Hupe <[email protected]> > To: Adam <[email protected]> > Cc: > Sent: Friday, August 3, 2012 8:55 PM > Subject: [meteorite-list] Auction Questions > > Hi Michael and List Members, > > > Your fees seem reasonable to me, especially after checking out some auction > houses that charge a 20% seller premium plus a 20% buyer's premium equaling > an outrageous 40%. Then catalog fees are added on top of that figure. Perhaps > you can answer a few questions for me? > > > Why do some auction houses charge a buyers premium to begin with? It seems > that this practice confuses bidders and is misleading. I know it confuses me > trying to make a quick multiplication in my head during live bidding. Why > should the buyer have to pay this extra amount? It seems the seller should be > pay a straight percentage like most auction sites do including eBay. When you > bid on storage units, houses, cars or what have you, what you bid is what you > pay. Seems pretty straight forward to me. > > Imagine if all businesses added a 20% buyers premium to their products and I > am not talking about sales tax. What purpose does it serve? I believe in > simplicity, > > Best Regards, > > > Adam > > > > > > ________________________________ > From: Michael Blood <[email protected]> > To: Meteorite List <[email protected]> > Sent: Friday, August 3, 2012 4:56 PM > Subject: Re: [meteorite-list] Tucson Meteorite Auction 2013 (AD) > > Dear fellow List members, > > This coming Tucson Meteorite Auction will be held in the > Same location as the last several years on Saturday, Feb. 9, 2013. > > http://michaelbloodmeteorites.com/AuctionTucson2013.html > > First, I would like to thank all of you for your past patronage in > The Tucson Meteorite Auctions of the past. I appreciate it very much. > > Unfortunately the cost of putting on the auction has increased > So significantly in the last several years that I have been walking a > Narrow line just to stay in the black on these events, let alone make > any money from them. On occasion, it has even cost me - after hundreds > Of hours of prep (the on line catalog is quite time consuming)and money > Up front. > > As you are probably aware, most auctions charge at least 25% > Consignment fees while 35% is rapidly becoming the norm. In short, > I must raise my consignment fee to 15% (for items submitted by Sept. 1) > to be certain I will break even. > > In addition, most auctions now have a Buyers' Premium of 15% > At least and often more. I will be holding that to 10%. > > I already have 15 items "up" and a personal collection of 17 > pallasites and 38 other meteorites on the way - in > the mail to me NOW.... > As soon as they arrive I will get them photographed and > listed in the > On line catalog. That will make 70 lots from the get go. SEE HERE: > > http://michaelbloodmeteorites.com/AuctionTucson2013.html > > Those who would like to submit items, please contact me off list. > > I hope you all will be continuing your involvement - I would > certainly love to see this auction continue as the joyful event it has > become as part of the overall Tucson Show experience for the meteorite > community. > > Thanks, Michael > > > ______________________________________________ > > Visit the Archives at > http://www.meteoritecentral.com/mailing-list-archives.html > Meteorite-list mailing list > [email protected] > http://six.pairlist.net/mailman/listinfo/meteorite-list > ______________________________________________ > > Visit the Archives at > http://www.meteoritecentral.com/mailing-list-archives.html > Meteorite-list mailing list > [email protected] > http://six.pairlist.net/mailman/listinfo/meteorite-list > > ______________________________________________ > > Visit the Archives at > http://www.meteoritecentral.com/mailing-list-archives.html > Meteorite-list mailing list > [email protected] > http://six.pairlist.net/mailman/listinfo/meteorite-list > ______________________________________________
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