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Auction with repos #287228
Sat Nov 26 2011 07:41 PM
Sat Nov 26 2011 07:41 PM
Joined: Mar 2006
Posts: 2,529
Parker, CO
powerlube Offline OP
Veteran Member
powerlube  Offline OP
Veteran Member
Joined: Mar 2006
Posts: 2,529
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

Last edited by powerlube; Sat Nov 26 2011 07:41 PM.

Scott Wright
Re: Auction with repos [Re: powerlube] #287239
Sat Nov 26 2011 09:01 PM
Sat Nov 26 2011 09:01 PM
Joined: May 2011
Posts: 352
Arizona
A
azjockey Offline
Petro Enthusiast
azjockey  Offline
Petro Enthusiast
A
Joined: May 2011
Posts: 352
Arizona
Wish i could sell my repo's for that.

Re: Auction with repos [Re: azjockey] #287240
Sat Nov 26 2011 09:05 PM
Sat Nov 26 2011 09:05 PM
Joined: Apr 2011
Posts: 1,241
DeKalb, IL
Chevrolet SS Offline
Veteran Member
Chevrolet SS  Offline
Veteran Member
Joined: Apr 2011
Posts: 1,241
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
Re: Auction with repos [Re: Chevrolet SS] #287242
Sat Nov 26 2011 09:21 PM
Sat Nov 26 2011 09:21 PM
Joined: Oct 2011
Posts: 279
oregon
S
Serialist Offline
Petro Enthusiast
Serialist  Offline
Petro Enthusiast
S
Joined: Oct 2011
Posts: 279
oregon
What is a buyers premium? never done the auction thing before.

Re: Auction with repos [Re: Serialist] #287246
Sat Nov 26 2011 09:45 PM
Sat Nov 26 2011 09:45 PM
Joined: Nov 2000
Posts: 294
Alva, Ok.
Jay Leeper Offline
Petro Enthusiast
Jay Leeper  Offline
Petro Enthusiast
Joined: Nov 2000
Posts: 294
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.
Re: Auction with repos [Re: Serialist] #287247
Sat Nov 26 2011 09:47 PM
Sat Nov 26 2011 09:47 PM
Joined: Jan 2004
Posts: 1,377
Santa Fe, NM
W
wfort39663 Offline
Veteran Member
wfort39663  Offline
Veteran Member
W
Joined: Jan 2004
Posts: 1,377
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
Re: Auction with repos [Re: wfort39663] #287276
Sun Nov 27 2011 06:02 AM
Sun Nov 27 2011 06:02 AM
Joined: Aug 2011
Posts: 1,643
Cataula, Georgia, USA
Catauladave Online content
Veteran Member
Catauladave  Online Content
Veteran Member
Joined: Aug 2011
Posts: 1,643
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
Re: Auction with repos [Re: Catauladave] #287293
Sun Nov 27 2011 08:26 AM
Sun Nov 27 2011 08:26 AM
Joined: May 2010
Posts: 930
Texas
S
signgod2112 Offline
Petro Enthusiast
signgod2112  Offline
Petro Enthusiast
S
Joined: May 2010
Posts: 930
Texas
Some auction houses not only get a BP, they can also get a sellers premium.


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