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#287228 - Sat Nov 26 2011 08:41 PM Auction with repos
powerlube Offline
Veteran Member

Registered: Sun Mar 26 2006
Loc: Parker, CO
Looks like a couple of high price repo's in this auction. That pepsi and socony among others. At least the mounty sign was described as a repo. https://www.proxibid.com/asp/LotDetail.asp?ahid=2654&aid=46005&lid=11939978#topoflot


Edited by powerlube (Sat Nov 26 2011 08:41 PM)
_________________________
Scott Wright

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#287239 - Sat Nov 26 2011 10:01 PM Re: Auction with repos [Re: powerlube]
azjockey Online   content
Petro Enthusiast

Registered: Tue May 17 2011
Loc: Arizona
Wish i could sell my repo's for that.

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#287240 - Sat Nov 26 2011 10:05 PM Re: Auction with repos [Re: azjockey]
Chevrolet SS Offline
Veteran Member

Registered: Sun Apr 03 2011
Loc: DeKalb, IL
Internet Buyer's Premium: 15 %
Sales Tax: 13.00% - Tax may apply to the total invoice, including Buyer's Premium

Repo or original...does it really matter @28% give-away!
_________________________
Ron Gordon
Cell: 815.762.2616
Email: flash03@comcast.net

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#287242 - Sat Nov 26 2011 10:21 PM Re: Auction with repos [Re: Chevrolet SS]
Serialist Offline
Petro Enthusiast

Registered: Sun Oct 09 2011
Loc: oregon
What is a buyers premium? never done the auction thing before.

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#287246 - Sat Nov 26 2011 10:45 PM Re: Auction with repos [Re: Serialist]
Jay Leeper Offline
Petro Enthusiast

Registered: Fri Nov 17 2000
Loc: Alva, Ok.
It's where they gouge you an additional 15 percent on top of what the item brought for the "opportunity" to bid on and buy it.
_________________________
Wanted ! Cans from smaller Oklahoma oil companies.

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#287247 - Sat Nov 26 2011 10:47 PM Re: Auction with repos [Re: Serialist]
wfort39663 Offline
Veteran Member

Registered: Sat Jan 24 2004
Loc: Santa Fe, NM
An additional amount you as the buyer pays. 15% buyer's premium means you pay 15% of the hamer price as the additional amount.
_________________________
Bill Fortune

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#287276 - Sun Nov 27 2011 07:02 AM Re: Auction with repos [Re: wfort39663]
Catauladave Online   content
Veteran Member

Registered: Sat Aug 27 2011
Loc: Cataula, Georgia, USA
We call it "purchaser's penalty". Some auctioneers charge you as much as 18-20 percent to sell an item then charge the buyer an additional 10-15 percent. Sweet deal
_________________________
Dave Jones
It's All Just Stuff

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#287293 - Sun Nov 27 2011 09:26 AM Re: Auction with repos [Re: Catauladave]
signgod2112 Offline
Petro Enthusiast

Registered: Fri May 14 2010
Loc: Texas
Some auction houses not only get a BP, they can also get a sellers premium.

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