Re: Buyer's Premiums on eBay?

I disagree that buyers premiums are not proper. Having worked for an
auction company for 13 years, it is part of the collectables industry. Bottom
line, auction houses that use ebay to expand their auctions are trying to do the
best for their clients. Setting up an auction live with ebay is not
inexpensive and takes additional persons to operate.
As long as the terms are clearly discribed, as a buyer you pay up to the
amount that you want to pay including all fees. This would apply to any
transaction, regardless of it being an auction.
As a seller, the auction company is spending additional money to expand
where your item is marketed. Heritage Galleries sells a small percentage of its
live auctions on Ebay, but it certainly will increase some of the prices
realized for the consignor. We consider ourselves as partners with the
consignor, the better the consignor does, the more money we both make.
Lee
66 # 869
69 # 2055

 

Speaking of Premiums and Auctions.Has anybody see a
$100 K Cougar Laterly?Kinda nice to see the Family of Ford powered cars hit the Big 100K......I had a 67 GT so I'm kinda partial To this one.68 Elim..427 SO with low miles....Nice
4581506672
JW
----- Original Message -----
From: GT350HZ@aol.com
To: RSANTER@aol.com ; steve@lirmca.org ; ecj@peoplepc.com ; shelbymustang@carmemories.com
Sent: Monday, October 17, 2005 11:15 PM
Subject: Re: Buyer's Premiums on eBay?


I disagree that buyers premiums are not proper. Having worked for an auction company for 13 years, it is part of the collectables industry. Bottom line, auction houses that use ebay to expand their auctions are trying to do the best for their clients. Setting up an auction live with ebay is not inexpensive and takes additional persons to operate.
As long as the terms are clearly discribed, as a buyer you pay up to the amount that you want to pay including all fees. This would apply to any transaction, regardless of it being an auction.
As a seller, the auction company is spending additional money to expand where your item is marketed. Heritage Galleries sells a small percentage of its live auctions on Ebay, but it certainly will increase some of the prices realized for the consignor. We consider ourselves as partners with the consignor, the better the consignor does, the more money we both make.
Lee
66 # 869
69 # 2055