Is Heritage Increasing The Buyer's Premium?

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Author	Replies: 3 / Views: 1,848
CoinsKelly Pillar of the Community United States 3453 Posts	Posted 05/24/2012 11:30 am I was fooling around on Heritage (totally wishful thinking) and noticed the following Quote: Buyers Premium: 15% of the successful bid (minimum $14) per lot. Starting on all auctions that close after July 31, 2012, the BP will be 17.5%. Am I reading this correctly that they will be upping the BP to 17.5%? Not that I can afford what I want on that site anyway! Report this Post to the Staff

basebal21 Bedrock of the Community 13014 Posts	Posted 05/24/2012 11:41 pm The buyer fee is one reason I've never used them for any purchases. Never tried for selling though. But their percentage seems to be a rather large premium. I cant imagine that will help their sales at all Report this Post to the Staff
silvercoinrn Pillar of the Community United States 863 Posts	Posted 05/25/2012 02:24 am why would anyone buy from them if there is a buyers fee? I understand a sellers fee but to penalize both the buyer and the seller seems crazy as a marketing scheme. Report this Post to the Staff
sel_69l Bedrock of the Community Australia 21788 Posts	Posted 05/25/2012 06:04 am When an auction house adds a premium, a ALWAYS add that to my bid, and compare that with what I would pay in the wider market place. For me anyway, a buyer's premium just makes it harder for an auctioneer to sell to me. Every form of selling to a customer has it's 'on' costs: For ebay, it is Paypal and shipping costs, For retail, it is profit margin to cover business operationg costs, For auction, it is the same as retail, For purchase from an anonymous seller, it is authentification risk. Report this Post to the Staff
	Replies: 3 / Views: 1,848

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