I have consigned some things to high end auction houses. I got screwed over 
hard. Between their fees and outrageous shipping costs, in the end I got 
scraps. Ever bought from them and had to have items shipped? I had a piece of 
Norton County shipped from New York, sent priority mail in flat rate box, 
poorly packaged and cost me almost $50 for $10 shipping. Not too pleased with 
epic level of rip-off. Of course the high buyers premiums kill the bidding most 
of the time yet i see suckers loving it. Some people relish the atmosphere of 
showing off in public by bidding when they could buy the item cheaper down the 
street......

Michael Farmer

Sent from my Ipad

On Aug 4, 2012, at 7:20 AM, Adam Hupe <[email protected]> wrote:

> I can see where this gimmick comes into play.  You received 100% of the 
> hammer price but maybe only received 75% of the real price realized for the 
> object.  I can see where this sounds good to a seller but in reality the 
> auction house is still receiving up to 40% of the real price the item sold 
> for.
> 
> This does help clear things up for me.  The hammer price means very little 
> when when a buyers premium is put into play.  To me, it is a gimmick to 
> mislead buyers and sellers into thinking they got a good deal.  I wonder if 
> this started out as a way to daze and confuse buyers and sellers?
> 
> Kind Regards,
> 
> Adam
> 
> 
> 
>  
> 
> ----- Original Message -----
> From: "[email protected]" <[email protected]>
> To: Adam Hupe <[email protected]>; Adam 
> <[email protected]>
> Cc: 
> Sent: Saturday, August 4, 2012 7:08 AM
> Subject: Re: [meteorite-list] Auction Questions
> 
> Hi,
> 
> I have sold stuff at auctions where I received 100% of the hammer price. The 
> auction houses only cut was the buyers premium.
> 
> Peter
> 
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