and Insurance then.

gavel price + buyer's premium + S&H + insurance (if not included in S&H) = 
financial investment = final cost of item

(not including the dime here and there if you had to call in the bid using a 
non-800 phone number)
  ----- Original Message ----- 
  From: [EMAIL PROTECTED] 
  To: [EMAIL PROTECTED] ; [email protected] 
  Sent: Saturday, July 12, 2008 8:30 PM
  Subject: Re: [MOPO] O.k....Where do you stand?


  I AGREE 100% BUT, ALSO, ADD SHIIPPING.  when i tell some what i've paid, i 
respond, $ XXX WITH shipping.

  my investment is the total cost.


  michael



    gavel price + buyer's premium is final cost of item.  How could it be 
anything else?

    Saul



  -----Original Message-----
  From: Saul H. Chapman, Ph.D <[EMAIL PROTECTED]>
  To: [email protected]
  Sent: Sat, 12 Jul 2008 9:19 pm
  Subject: Re: [MOPO] O.k....Where do you stand?


  gavel price + buyer's premium is final cost of item.  How could it be 
anything else?

  Saul
    ----- Original Message ----- 
    From: Susan Heim 
    To: [email protected] 
    Sent: Saturday, July 12, 2008 8:10 PM
    Subject: [MOPO] O.k....Where do you stand?



    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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