I'm on the same page with you both, Saul and Rich, and Rich, you are right on
with the motives. If you have an item that isn't that costly, give or take $50
to $100 isn't a big deal. But if you have a poster that gaveled at $10,000 and
the buyer's premiums adds another $2000, that puts that poster into a whole
different price structure. I mean if someone bought the Attack of the 50' Woman
for $12,000 but with the buyer's premiums the final cost was $14,400 and his
friend asks him what his poster is worth, I'm sure he won't say $12,000.
Sue
Date: Sat, 12 Jul 2008 18:28:24 -0700To: [EMAIL PROTECTED]; [EMAIL PROTECTED]:
[EMAIL PROTECTED]: Re: [MOPO] O.k....Where do you stand?it's hard to believe
that anyone would call the buyers premium a tax with no consequencesI suspect
it's just their way of justifying paying someone less than what someone may be
asking, or as we call them - buying tacticswhenever I bid, I always count my
total cost and I may even count the cost of shipping to me At 06:10 PM
7/12/2008, Susan Heim wrote:
Hello all, I was talking with a fellow collector yesterday about auctions. A
subject came up that seems to have some controversary of opinions regarding
auction results. Let's say the gavel comes down for an item sold at $500, but
with the buyer's premium the total cost is $600. I often hear many people say
"that item sold for $500", but in my opinion it sold for $600. I have had many
people say to me you don't count the buyer's premium, but that sounds
ridiculous to me since the overall cost of the item to the buyer was $600. That
final value means alot when you have items closing in the thousands and the
buyer's premiums add several thousand more. I have customers looking for
certain titles and they will quote recent auction sales and often, especially
when seeking to buy not sell, quote the gavel price without the buyer's
premium. I will mention to them that the price they are quoting isn't the true
selling price that you have to include the buyer's premium. They will then
inform me that since they are looking to buy from a private party, the buyer's
premium doesn't apply. As I shake my head, I suggest that if you are going to
quote auction prices, you have to include the buyer's premium as that is really
the final cost of the item and what someone was willing to pay "total" for said
item. For instance, if Breakfast at Tiffany's gaveled at $5000, but the final
cost was $6000, how can you say "Breakfast at Tiffany's just sold for $5000"?
I'm rambling, I know......What do you all think? Sue
www.hollywoodposterframes.com
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