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Superior auction fee?

MantlefanMantlefan Posts: 1,079 ✭✭
in PSA Set Registry Forum
Superior catalog lists 15% buyers fee. EBAY listing says it's 20%. Anybody know which is correct? [no response to my email sent to them yet].
Frank

Always looking for 1957 Topps BB in PSA 9!

Comments

  • MantlefanMantlefan Posts: 1,079 ✭✭
    Got a response: -A buyer’s premium of 20% will be added to all winning bids..

    That seems excessive to me. Also, deceptive since the catalog lists 15% fee. I'll pass on this one. Sad, because I was interested in several lots, including Zardoz's Battle set.image
    Frank

    Always looking for 1957 Topps BB in PSA 9!
  • MintstateMintstate Posts: 254 ✭✭
    Frank,
    I ran into the same thing with a coin auction house. If you bid for the lots on Ebay, the fee was 20%. By placing the bids directly with their web site, the fee was 15%.
    I questioned Ebay about it, and their reply was that the auction houses were allowed to charge a lower comission to "floor bidders" than internet bidders. The idiots at Ebay can't even read.
    So Ebay didn't get any FVF on the auctions. It would have cost me $750 to win the same lots via Ebay.

    Richard
    My Non-Sport eBay auctions
  • thefootballcardstorethefootballcardstore Posts: 512 ✭✭
    This is the message that pops up when I click on the BP link on Superior's web site:

    Buyer's Premium

    A "Buyer's Premium" of 15% will be added to the hammer price of each lot which sum will be the purchase price.

    Link to Random auction, click BP in Next Bid box

    Maybe it's 20% if you bid thru eBay and 15% thru Superior.

    Jeremy
    Jeremy
  • MantlefanMantlefan Posts: 1,079 ✭✭
    Lisa's response is that buyer's fee is 15% if you bid on the Superior site and 20% if you use EBAY. Major problem is that you can bid on the Superior site only up to 24 hours before the auction ends.
    Frank

    Always looking for 1957 Topps BB in PSA 9!
  • unishipuniship Posts: 496 ✭✭
    20% is simply too high. But I guess it keeps your top all bid confidential - so perhaps its worth it. I'll just stick to straight ebay purchases and save the hundreds or thousands altogether. Nice material though in this latest auction!
  • BasiloneBasilone Posts: 2,492 ✭✭


    << <i>20% is simply too high. But I guess it keeps your top all bid confidential - so perhaps its worth it. I'll just stick to straight ebay purchases and save the hundreds or thousands altogether. >>



    I have to agree with you.

    JOhn
  • qualitycardsqualitycards Posts: 2,811 ✭✭✭
    As a bidder just incorporate any surcharge in your bid, so in essence it won't cost you more, it will just bring the consignor less...jay
    image
    Website: http://www.qualitycards.com
  • crazysccrazysc Posts: 291 ✭
    I never understood why anyone cared what the buyers premium was/is. As a buyer, I'm looking at total cost - I don't care if they figure it by adding 50% for shipping/handling, 30% for buyer's premiums, and another 25% because I'm a male. Just let me know total costs upfront, I'll figure it out and place my bid accordingly.

    As a seller, all I care about is how much I'm going to get back, which will be determined greatly by the % I get of the total income of the item. If it sells for $1000, plus 15% BP, and I pay 10% seller's premium, I get back $900 out of $1150 gross, or 78.2%. Why do I care how something is figured, unless someone can show me their way of figuring it will net me more?
    Why do I get the feeling, that some cards are worth money, while others are not?
  • BuckwheatBuckwheat Posts: 644 ✭
    What is the fee if you bid live at Atlantic City?
    Ole Doctor Buck of the Popes of Hell

  • unishipuniship Posts: 496 ✭✭
    Jay and Crazy - good points - it is just like S&H, just figure it into your bid. Problem, is my bid is so low because of that that I will probably never be a winner - but you are both right. I love that 51 bowman psa 7 Mantle - but my hopes are not too high as these auctions seem to bring out the heavy hitters. It will be fun to watch in any case.
  • BasiloneBasilone Posts: 2,492 ✭✭


    << <i>As a seller, all I care about is how much I'm going to get back, which will be determined greatly by the % I get of the total income of the item. If it sells for $1000, plus 15% BP, and I pay 10% seller's premium, I get back $900 out of $1150 gross, or 78.2%. Why do I care how something is figured, unless someone can show me their way of figuring it will net me more? >>



    The problem is if you are the seller...the 20% is going to affect your bottom line...one way or the other.
  • crazysccrazysc Posts: 291 ✭


    << <i>

    << <i>As a seller, all I care about is how much I'm going to get back, which will be determined greatly by the % I get of the total income of the item. If it sells for $1000, plus 15% BP, and I pay 10% seller's premium, I get back $900 out of $1150 gross, or 78.2%. Why do I care how something is figured, unless someone can show me their way of figuring it will net me more? >>



    The problem is if you are the seller...the 20% is going to affect your bottom line...one way or the other. >>



    Well yes, and that may well be why I would not consign an item to this auction in favor of another auction. OR, I'd insist on paying a lower seller's fee. One or the other.

    I'd wager the 5% difference is what ebay is getting out of it.
    Why do I get the feeling, that some cards are worth money, while others are not?
  • BasiloneBasilone Posts: 2,492 ✭✭
    Yep...the extra 5% probably goes to eBay..that make sense.

    John
  • qualitycardsqualitycards Posts: 2,811 ✭✭✭
    UNI - Correct! You may not win, which to me is preferable then "overpaying" once the 15-20% bump occurs and the shipping & handling. Now and then I win a lot or 2 from Mastro, LeLands etc... So you can win it at your price points...jay
    image
    Website: http://www.qualitycards.com
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