The size of the commission/seller's premium/whatever you want to call it
doesn't matter to the buyer. The amount of the Buyer's Premium -- the
amount extra the buyer has to pay -- definitely matters. I went to the Forry
Ackerman Auction at Profiles in History. As a buyer, the percentage of
the hammer price didn't have an effect on how much I bid. But the 18%
Buyer's Premium sure did. Add the 9.25% state sales tax and you've
got just over 27% added to the hammer price. That's a considerable
inducement to bid less. (And, in fact, there was an item I wanted, for
which I was willing to spend $1500. Which meant I couldn't bid over
$1200 (in fact a bit less).
Craig.
At 06:43 PM 6/11/2009, Richard Halegua Comic Art wrote:
to a seller, any premium above a few points starts becoming a negative
every point the premium goes up is another point taken from the
consignor because if a buyer was willing to pay $1000 with premium
included before, when the premium gets raised, the buyer doesn't say
"oh, that dealer is taking a beating.. I'll kick in the extra 5%"
No.. you instead bid a number lower than you previously would have
and the final sale to the consignor is less
for the buyer's side.. it shouldn't make any difference what the
premium is. If you were willing to pay $1000 total before, you're
still only willing to pay $1000
Rich
ps Doug.. pics are coming to you shortly
At 05:58 PM 6/11/2009, Douglas Ball wrote:
I thought buyer's premium @ 15% was just too damn high, but looking
at Julien's auction is now 28% and Bonham's, 22%. When is enough
going to be enough?
Ebay is starting to look good again!
Doug
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