is there a "buyers premium" like at the Paris auction?
Or is it just the price bid plus tax?
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is there a "buyers premium" like at the Paris auction?
Or is it just the price bid plus tax?
There is a 10% buyers premium.Originally Posted by Bigbubba
Same old story then, so no need to attend. Thanks for the heads up.
Is there a complete cataloge posted some where. I'd like to see what is up for auction so I could do some price checks before bidding. Aug. 25 is coming fast. I also have some stuff to get rid of if it will be advertised properly. Thanks Rich.
What the heck is a buyers premium?
No matter never been to a gun auction, looking forward to it!
The cataloge is done by the auctioneer. If you want you can contact him and he will let you know the info on the cataloge.
905-634-6300 or 905-643-1616
This is a link with tips for auction and more info for you.
http://shaferauction.com/services/tips.html
It means if you bid $100 you are really bidding 10% more, so you will be charged $110 + tax which will be 13% of $110 = $14.30 which makes your total $124.30 on a $100 bid
In effect you are going to pay 24% more than you bid (Call it 25% for easy math) so If you bid $400 + 25% =$500 is your bill.....
I HATE buyers premiums, there is no need to inflate the bids.
But of course the auctioneers love them because people forget about it until they go to pay and they say wow, I bid $400 why is my invoice for $500??? Oh, 10% more???
So I usually say to myself, ok, that item is worth $400 so I will stop bidding at $300because then I will be paying close to $400...and if guys want to keep bidding well them let them have it.
No one likes hidden fees. I suppose instead of taking the fees out of the auction price they add it to the auction price. I would assume it would be a result of the economy, people spending less means less profit for sellers. Still suck for the unsuspecting buyer though.
Ian
Schafer told me 3 weeks ago that he'd have an updated list of items by Aug 15th. Now its too @$% late; other plans won the toss!
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