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Bertolami raises buyers fee again
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<p>[QUOTE="Fugio1, post: 5208871, member: 89970"]It's just part of how they make their money to support the business. The commission is split between the buyer and the consignor. I remember many years ago a buyers fee was unheard of. Auctions only charged a commission to the consignor. Rather suddenly, the large auction houses began to charge small commissions to buyers and eventually all major auctions jumped on the bandwagon. I think it started at 10-15%. Since that time, there has been a reliably consistency for most auctions of between 18-20%. So reliable I often didn't even look at the terms. Looks like there is movement in this level again so it's important to read the terms.</p><p><br /></p><p>Ultimately it's a simple math problem. Commission is part of the cost of the coin that needs to be considered before the bid is placed. Unfortunately if the buyer is using a web auction archive service such as ACSearch or CoinArchives as a basis for estimating the current market value for an issue, it become a bit more complicated because these sites only reveal hammer prices.[/QUOTE]</p><p><br /></p>
[QUOTE="Fugio1, post: 5208871, member: 89970"]It's just part of how they make their money to support the business. The commission is split between the buyer and the consignor. I remember many years ago a buyers fee was unheard of. Auctions only charged a commission to the consignor. Rather suddenly, the large auction houses began to charge small commissions to buyers and eventually all major auctions jumped on the bandwagon. I think it started at 10-15%. Since that time, there has been a reliably consistency for most auctions of between 18-20%. So reliable I often didn't even look at the terms. Looks like there is movement in this level again so it's important to read the terms. Ultimately it's a simple math problem. Commission is part of the cost of the coin that needs to be considered before the bid is placed. Unfortunately if the buyer is using a web auction archive service such as ACSearch or CoinArchives as a basis for estimating the current market value for an issue, it become a bit more complicated because these sites only reveal hammer prices.[/QUOTE]
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Bertolami raises buyers fee again
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