"Cost to Own" does not equal "Value" or even "Price". Cost to
Own is the Price plus additional expenses entailed in acquiring
it. How much you spent isn't the same thing as how much the
item sold for.
If you bought something for the auction price of $1,000 but you
had a $200 credit with the auctioneer, you can write a check for
$800. Does that mean the price is $800 or $1000? To get rid
of other spurious elements, it isn't a credit based on a transaction
but based on a gift (a la a gift card at a store) or winning a contest.
So you're actually only spending $800. Does that mean the value
of the poster has just gone down?
The "value" is the sales price. Buyers Premiums are the cost of
doing business with that seller. (If you bought the item in, say, Las
Vegas or Portland, Oregon, where there's no sales tax, does that
mean the value of the poster is less than if you bought it in Los
Angeles or New York where there is? The sales tax is not part of
the valuation of the poster, just as the BP is not. That you have to
pay it is separate from the value of the item.)
Craig.
At 03:49 PM 7/13/2008, Dale Dilts wrote:
For the married folks out there. If you bid out a poster at 1000.00, but the
checking account is missing 1200, is your spouse going to think you paid
1000 or 1200 :)
Paid = cost to own, has nothing to do with being a dealer or a collector.
-----Original Message-----
From: MoPo List [mailto:[EMAIL PROTECTED] On Behalf Of Kirby
McDaniel
Sent: Sunday, July 13, 2008 5:23 PM
To: MoPo-L@LISTSERV.AMERICAN.EDU
Subject: Re: [MOPO] O.k....Where do you stand?
Funny, but when I pay for that poster it seems like that was the price to
me.
Lock, stock and barrel.
Kirby McDaniel
www.movieart.net
On Jul 13, 2008, at 2:40 PM, martin s wrote:
> FINALLY, someone who gets it!
>
> Thanks Craig, that's it exactly... The sales price of the poster is
> the $ amount when the auctioneer says "SOLD". Everything added after
> that is a fee, tax, or shipping charge.
>
> As you said, it breaks down into collectors and dealers. Dealers need
> to roll all of those extra expenses into the total price paid,
> however, that is NOT the price that the poster SOLD for.
>
> If I paid 10K for a poster, 2k for BP, 825. for tax, and 100. for
> shipping, My total paid is $12,925, but the "sale price" of the poster
> is still 10K. Everything else is fees, taxes and other charges.
>
> Best wishes,
>
> M
>
> ----------------------------------------
>> Date: Sun, 13 Jul 2008 10:03:14 -0700
>> From: [EMAIL PROTECTED]
>> Subject: Re: [MOPO] O.k....Where do you stand?
>> To: MoPo-L@LISTSERV.AMERICAN.EDU
>>
>> At 04:51 AM 7/13/2008, Roland Lataille wrote:
>>> I just won a one sheet Cinerama roadshow Circus World poster from
>>> Heritage for $60 plus $11.70 for BP. I would say I paid $71.70 for
>>> it. I think I got a pretty good deal as I was willing to pay a lot
>>> more for it. You don't see this Cinerama roadshow poster on Ebay
>>> very often.
>>
>>
>> Seems to me there's a difference between the "sales price" (i.e.
>> what the
>> poster sold for) and the cost of acquiring it. If I buy a poster --
>> or anything
>> -- from someone in person (or from someone from whom I can pick it
>> up)
>> there is no shipping fee. That doesn't mean the item sold for less.
>> It means there were no added fees.
>>
>> While a Buyer's Premium is something I would have to pay if I bought
>> a poster through an auction house, it is a fee that I need to be
>> willing to pay but isn't truly part of the poster's "price", no more
>> than sales tax, or money later spent to fix up, linenback, or frame a
>> poster. Those may be part of what I need or want to spend on the
>> poster, but they aren't part of the price.
>>
>> Frankly, saying it is sounds more like dealers trying to find ways to
>> push up the price of a poster. "It sold for $1000 plus a 20% BP, so
>> the real price is $1200. Next time, someone should pay $1150 plus a
>> BP of 15% so the value will be $1440." It's a fee on a fee on a fee
>> that people are using to artificially inflate the value.
>>
>> It is, I'll concede, more accurate to say the *cost* of the poster
>> was the auction price plus all other expenses incurred. But that
>> doesn't make it the value of the poster.
>>
>> Craig.
>>
>>
>>
>> ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
>> Craig Miller Wolfmill Entertainment
>> [EMAIL PROTECTED]
>> ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
>>
>> Visit the MoPo Mailing List Web Site at www.filmfan.com
>>
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> _________________________________________________________________
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Send a message addressed to: [EMAIL PROTECTED]
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~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
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