[meteorite-list] Auction Questions

[Adam Hupe]

I can see where this gimmick comes into play.  You received 100% of the hammer price but maybe only received 75% of the real price realized for the object.  I can see where this sounds good to a seller but in reality the auction house is still receiving up to 40% of the real price the item sold for.

This does help clear things up for me.  The hammer price means very little when when a buyers premium is put into play.  To me, it is a gimmick to mislead buyers and sellers into thinking they got a good deal.  I wonder if this started out as a way to daze and confuse buyers and sellers?

Kind Regards,

Adam



 

----- Original Message -----
From: "peterscherff at rcn.com" <peterscherff at rcn.com>
To: Adam Hupe <raremeteorites at yahoo.com>; Adam <meteorite-list at meteoritecentral.com>
Cc: 
Sent: Saturday, August 4, 2012 7:08 AM
Subject: Re: [meteorite-list] Auction Questions

Hi,

I have sold stuff at auctions where I received 100% of the hammer price. The auction houses only cut was the buyers premium.

Peter