Sorry Adam & all,

        I read and respond to posts chronologically and hadn't seen
This. 

1) I was amazed that the Brits charge significantly less than most
Of the US auctions and

2) That they compound the buyers' premium, calling the difference
The "VAT" - very kinky.

        Michael


On 8/3/12 10:59 PM, "Adam Hupe" <raremeteori...@yahoo.com> wrote:

> 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 <raremeteori...@yahoo.com>
> To: Adam <meteorite-list@meteoritecentral.com>
> 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 <mlbl...@cox.net>
> To: Meteorite List <meteorite-list@meteoritecentral.com>
> 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
> 
> 
> ______________________________________________
> 
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