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No wonder Heritage Auctions premium is so high!
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<p>[QUOTE="johnmilton, post: 7888676, member: 101855"]I disagree. </p><p><br /></p><p>All dealers need to make a mark-up on the items they sell to say in business. If that is your "fee," I agree. </p><p><br /></p><p>The problem is with the nature of auctions and the way some people bid. Some bid as if there is no buyers' fee. They just keep going to numbers that are sometimes much higher than what you would pay if you were to buy the same item at a bourse. </p><p><br /></p><p>My advice is NEVER by "a widget" in an auction. Stick to the stuff you can't find anywhere else. </p><p><br /></p><p>Another factor is the buyers fee that Heritage charges for some things. For political items, their rate is 25%. The other political items auction houses charge 15%. Many times you can buy the same thing for less from those sellers. </p><p><br /></p><p>Another factor is that many big consignors get more than the hammer price. That means the Heritage is giving them a break to get the consignment.[/QUOTE]</p><p><br /></p>
[QUOTE="johnmilton, post: 7888676, member: 101855"]I disagree. All dealers need to make a mark-up on the items they sell to say in business. If that is your "fee," I agree. The problem is with the nature of auctions and the way some people bid. Some bid as if there is no buyers' fee. They just keep going to numbers that are sometimes much higher than what you would pay if you were to buy the same item at a bourse. My advice is NEVER by "a widget" in an auction. Stick to the stuff you can't find anywhere else. Another factor is the buyers fee that Heritage charges for some things. For political items, their rate is 25%. The other political items auction houses charge 15%. Many times you can buy the same thing for less from those sellers. Another factor is that many big consignors get more than the hammer price. That means the Heritage is giving them a break to get the consignment.[/QUOTE]
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