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<p>[QUOTE=&quot;calcol, post: 2792942, member: 77639&quot;]See link below.&nbsp; It was 17.5%.&nbsp; New rate becomes effective after the ANA auction.&nbsp; They try to present it as though it&#039;s a good thing for buyers.&nbsp; Actually, it&#039;s consignor&#039;s who will pay.&nbsp; Buyer&#039;s generally have a fixed maximum they will pay that is hammer plus premium.&nbsp; If premium goes up, hammer goes down.</p><p><br /></p><p>I think live auctions and paper catalogs, which are major expenses, will fade away except for really expensive coins.&nbsp; So there will little reason to justify even the common 17.5% premium we see today.&nbsp; Some auction companies, like Legend and Great Collections, are charging only 10% buyer&#039;s premium for internet-only auctions.&nbsp; I predict a gradual shift of more expensive coins to auction this way.&nbsp; If you are a consignor and have a coin with $10K market value (i.e. what collectors are willing to pay in total), do you want to consign it to Stacks Bowers and get $8,333 (=10K/1.2) or to an internet-only auction by Legend or GC and get $9,091 (=10K/1.1)?</p><p><br /></p><p>eBay may benefit too from premium increases by traditional coin auction companies.</p><p><br /></p><p>Cal</p><p><br /></p><p>Link: <a href="http://www.stacksbowers.com/News/Pages/PressReleases.aspx?ArticleID=192" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.stacksbowers.com/News/Pages/PressReleases.aspx?ArticleID=192" rel="nofollow">http://www.stacksbowers.com/News/Pages/PressReleases.aspx?ArticleID=192</a>[/QUOTE]</p><p><br /></p>

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