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<p>[QUOTE=&quot;funkee, post: 1724667, member: 37925&quot;]HA has a 17.5% buyer&#039;s premium. So any bidder will factor that it in to the price they are willing to pay. If the buyer is willing to pay $1,000 for an item, they&#039;ll bid up to $851. Because after the buyer&#039;s premium, the buyer is going to pay $1,000 on a bid of $851. A seller can capture up to a maximum of $851 from HA, but even then, they may not get the full hammer price unless they have an extremely rare item. The seller might get 90% of the hammer price (if they&#039;re lucky), so that leaves them with $765.90.</p><p><br /></p><p>On eBay on the other hand, there&#039;s no buyer&#039;s premium. The seller pays the fees. The maximum fees are 10% for eBay and about 2.9% for PayPal. Final value fees can be less than 10% depending on the listing and if the seller has a store. With no fees on the buyer, the person from my last example, would bid up to $1,000. That leaves the seller with $871. That&#039;s substantially more than what you would have received from Heritage.</p><p><br /></p><p>I won an HA auction recently, for a 1928G $2 Legal Tender Star Note. I won with a bid of $1! That&#039;s because after the buyer&#039;s premium, processing fees, and shipping, I paid about $23.00. But the seller only got $1.00 for a $2 dollar bill. I think that&#039;s pretty sh<span style="color: #444444"><font face="arial">¡tty.</font></span></p><p><br /></p><p>The advantage of the signature auctions at the big auction houses, is that they attract serious bidders looking for very high end stuff. Gathering them in one area ensures that prices are driven up to fair market value. Buyers willing to spend hundreds of thousands of dollars prefer live auctions, because they can examine the items first-hand (sometimes through an agent). For the rarest notes that fetch 5-figures or more, these auction houses make sense. </p><p><br /></p><p>Even though there are serious buyers and dealers spending big money on eBay, it&#039;s possible not get two or more on the auction at the same time, to drive the closing price up to where it needs to be. It can close too low if there is no reserve. But for items that are $10,000 and less, eBay is going to be your friend because you will get far more exposure among mid-range collectors and dealers.[/QUOTE]</p><p><br /></p>

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