@HashTag said:
Most definitely there are discounted buyer fees and seller fees. Most folks here know all about it but don't want to shoot themselves in the foot. Not just collectors but MOST dealers receive a discount at two major auction houses I know of. It my not be a matter of "class" but more related to your net worth. Like most things, the more you spend the more discounts and perks you'll receive. Heck I personally haven't paid a seller fee in over 10 years. Two dealer friends state they get 105% of hammer price. It's not a secret just not discussed so the wealthy can keep their money.
There have always been discounted SELLER fees. Everyone knows about it. It's the whole reason there are seller fees and buyer fees: they use the buyer fees to pay a premium to sellers who have items they want. It is not connected to net worth but to the level of consignments. If a hobo found a continental dollar in a stream bed, he could get 110% from Heritage or Stack's.
I have never heard of discounted buyer fees.
I agree completely. The auction company takes in a certain amount of money from the sale, and they figure out how to divide it between themselves and the consignor. That has zero effect on how buyers bid and compete with each other. Very different from the scenario where buyers pay different fees such that the same hammer price results in a different net price.
Tell me another fictional story. @Mfeld knows far more about it than you do.
Well since I’ve spoken with Mr.Feld in person numerous times I have no other option but to admit you’re correct regarding his knowledge. It far exceeds mine in over 95% of categories.
As far as you....I’ll keep it polite since there’s no since in kicking a dog when it’s down. While it’s true the majority of auction houses charge a buyers fee there are several that are negotiable including ones that auction cars, homes etc.(Heritage does auction these items even if they don’t negotiate and YOU did quote Mark). I realize this thread is about U.S. auction houses but many in the UK charge none. Hueckman Auctions (in WI) only charges a buyers premium at their auction house but do not charge them at auctions that are on location.
Sorry but the only fictional story I can think of at the moment is Star Wars and it sucks.
You might try your local library. Just because you’ve never heard of something doesn’t mean it doesn’t exist. After all, I’ve never heard of you but I seriously doubt you’re a bot.
Best of Luck
You still have provided no evidence of a single auction house that charges different buyer's premiums to different bidders in the same auction. There may be one somewhere in the world, but so far our list is still empty.
It is very misleading to newbies to create a sense of unfairness without proof.
@HashTag said: @Mfeld I may have missed it but I do not remember the title of the thread stating anything about “well known” or “coins” specifically. But I bow to the master in all sincerity.
You don’t remember such a thread title, because there wasn’t one.😉
My post pertained only to well known U.S. coin auction companies. I don’t doubt that things might be different for some combination of other types of auctions/companies I’m unfamiliar with/outside the U.S.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
Tell me another fictional story. @Mfeld knows far more about it than you do.
Well since I’ve spoken with Mr.Feld in person numerous times I have no other option but to admit you’re correct regarding his knowledge. It far exceeds mine in over 95% of categories.
As far as you....I’ll keep it polite since there’s no since in kicking a dog when it’s down. While it’s true the majority of auction houses charge a buyers fee there are several that are negotiable including ones that auction cars, homes etc.(Heritage does auction these items even if they don’t negotiate and YOU did quote Mark). I realize this thread is about U.S. auction houses but many in the UK charge none. Hueckman Auctions (in WI) only charges a buyers premium at their auction house but do not charge them at auctions that are on location.
Sorry but the only fictional story I can think of at the moment is Star Wars and it sucks.
You might try your local library. Just because you’ve never heard of something doesn’t mean it doesn’t exist. After all, I’ve never heard of you but I seriously doubt you’re a bot.
Best of Luck
You still have provided no evidence of a single auction house that charges different buyer's premiums to different bidders in the same auction. There may be one somewhere in the world, but so far our list is still empty.
It is very misleading to newbies to create a sense of unfairness without proof.
If I remember correctly, years ago, I saw a sale or sales in which a well known British auction house had a lower buyer’s premium for lots that sold over a particular amount and/or for total purchases over a certain amount. My guess is that it wasn’t an incredibly rare occurrence.
And though that’s not a scenario that HashTag mentioned, I think you’re both pretty much right. But that you’re talking about different things.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
Tell me another fictional story. @Mfeld knows far more about it than you do.
Well since I’ve spoken with Mr.Feld in person numerous times I have no other option but to admit you’re correct regarding his knowledge. It far exceeds mine in over 95% of categories.
As far as you....I’ll keep it polite since there’s no since in kicking a dog when it’s down. While it’s true the majority of auction houses charge a buyers fee there are several that are negotiable including ones that auction cars, homes etc.(Heritage does auction these items even if they don’t negotiate and YOU did quote Mark). I realize this thread is about U.S. auction houses but many in the UK charge none. Hueckman Auctions (in WI) only charges a buyers premium at their auction house but do not charge them at auctions that are on location.
Sorry but the only fictional story I can think of at the moment is Star Wars and it sucks.
You might try your local library. Just because you’ve never heard of something doesn’t mean it doesn’t exist. After all, I’ve never heard of you but I seriously doubt you’re a bot.
Best of Luck
You still have provided no evidence of a single auction house that charges different buyer's premiums to different bidders in the same auction. There may be one somewhere in the world, but so far our list is still empty.
It is very misleading to newbies to create a sense of unfairness without proof.
If I remember correctly, years ago, I saw a sale or sales in which a well known British auction house had a lower buyer’s premium for lots that sold over a particular amount and/or for total purchases over a certain amount. My guess is that it wasn’t an incredibly rare occurrence.
And though that’s not a scenario that HashTag mentioned, I think you’re both pretty much right. But that you’re talking about different things.
A sliding scale that applies to everyone is still not the kind of preference that Hashtag is alleging.
@HashTag said: @jmlanzaf I have better things to do with my life and time than to get into pointless and petty alleged “discussions”. Member for six years and over 16,000 posts? A life is a terrible thing to waste.
David OUT
It's not petty. I simply asked for evidence for your accusation. If you had any, it would take 10 seconds to post it.
Your ad hominem attacks simply prove the vacuity of your assertion.
Comments
I agree completely. The auction company takes in a certain amount of money from the sale, and they figure out how to divide it between themselves and the consignor. That has zero effect on how buyers bid and compete with each other. Very different from the scenario where buyers pay different fees such that the same hammer price results in a different net price.
Yolo
https://www.pcgs.com/setregistry/collectors-showcase/date-sets/hashtags-prefect-coin-grading-service-1879/album/7621
I haven’t heard of discounted buyer’s premiums among any of the well known U.S. coin auction companies.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
Tell me another fictional story. @Mfeld knows far more about it than you do.
Yolo
https://www.pcgs.com/setregistry/collectors-showcase/date-sets/hashtags-prefect-coin-grading-service-1879/album/7621
Yolo
https://www.pcgs.com/setregistry/collectors-showcase/date-sets/hashtags-prefect-coin-grading-service-1879/album/7621
You still have provided no evidence of a single auction house that charges different buyer's premiums to different bidders in the same auction. There may be one somewhere in the world, but so far our list is still empty.
It is very misleading to newbies to create a sense of unfairness without proof.
You don’t remember such a thread title, because there wasn’t one.😉
My post pertained only to well known U.S. coin auction companies. I don’t doubt that things might be different for some combination of other types of auctions/companies I’m unfamiliar with/outside the U.S.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
If I remember correctly, years ago, I saw a sale or sales in which a well known British auction house had a lower buyer’s premium for lots that sold over a particular amount and/or for total purchases over a certain amount. My guess is that it wasn’t an incredibly rare occurrence.
And though that’s not a scenario that HashTag mentioned, I think you’re both pretty much right. But that you’re talking about different things.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
A sliding scale that applies to everyone is still not the kind of preference that Hashtag is alleging.
Yolo
https://www.pcgs.com/setregistry/collectors-showcase/date-sets/hashtags-prefect-coin-grading-service-1879/album/7621
It's not petty. I simply asked for evidence for your accusation. If you had any, it would take 10 seconds to post it.
Your ad hominem attacks simply prove the vacuity of your assertion.