It's Heritage's turn now.

DAM

Looks like Bowers and Merena isn't the only company that needs a proofreader.

This information is provided by Heritage for their upcoming New York Signature Sale.

3. A Buyer’s Premium is charged in addition to the successful bid. The applicable Buyer’s Premium for this Auction on bids submitted via eBay Live is an amount equal to fifteen percent (20%) of the successful bid.

Maybe you can negotiate a 17 1/2% buyers fee due to the typo.

AlanB

lol

Wingsrule

If I'm not mistaken, when there is a discrepancy, the words take precedence over the numbers.

Hope I spelled all those big words correctly.

etexmike

I always thought that the 15% was too high. The 20% ain't cuttin' it. Pass on this one.

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etexmike

roadrunner

This is just some pre-conditioning to warm us up to the idea of a 20% "buyer's" fee....or should I say "seller's" secondary commission.

roadrunner

DAM

What makes it tough is when you're bidding against dealers adding to their inventory or filling want lists. If it's to add to inventory, their markup is added to the coin. Whew!

I haven't sold anything through Heritage before and didn't read their agreement completely. But I'm going back to do so. I'm wondering if there's a sellers fee on top of the 20% buyers fee? If so, that would be reason enough for them to promote their inventory as auction only material and sell only that which makes them a handsome profit. Kind of a take it or leave it attitude. Otherwise, the collector market takes care of pricing and Heritage still makes 20%.

Hmm!!!