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LMAO!!! Auction Premiums. #734975
Wed Aug 28 2019 02:57 AM
Wed Aug 28 2019 02:57 AM
Joined: Jun 2012
Posts: 4,560
MICHIGAN
Steven C. Online content OP
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Steven C.  Online Content OP
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I see Morphy's squeaked out another percentage point!!! LOL!!! Up to 26% now on their latest auction!! How long until we see 30%??? Ridiculous!!!!


Steve Coppens
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Really want a Sunoco National pump ad glass!!
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Re: LMAO!!! Auction Premiums. [Re: Steven C.] #734978
Wed Aug 28 2019 06:42 AM
Wed Aug 28 2019 06:42 AM
Joined: Mar 2006
Posts: 3,067
Pickett, WI USA
Old Racer Offline
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Pickett, WI USA
As long as there are people stupid enough to pay it they will keep raising it. Just like the old saying whatever the traffic will bear.



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Re: LMAO!!! Auction Premiums. [Re: Steven C.] #734991
Wed Aug 28 2019 01:15 PM
Wed Aug 28 2019 01:15 PM
Joined: Jan 2013
Posts: 3,348
Peoria, IL
BryceG Offline
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Peoria, IL
it is their way of trying to realize the full 20% premium as profit. they charge 20% BP + 3% Credit Card + 3% Third Party Fees... so that is how it comes to 26%. If you pay by check and bid using their platform, then its 20% still.

I have noticed many of the other regular sign auction companies have increased to 18% now. its all a bit crazy, but I suppose you just have to consider it in your bids. just bought a sign from Aumann's last week, it was 5% premium... felt fantastic about that, lol.


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Re: LMAO!!! Auction Premiums. [Re: Steven C.] #734992
Wed Aug 28 2019 01:25 PM
Wed Aug 28 2019 01:25 PM
Joined: May 2012
Posts: 1,618
Michigan, Union Pier
Done4 Online content
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Done4  Online Content
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Michigan, Union Pier
Yup don't like it but when you think of the process to create an auction, many steps, getting the collection, photography, people, on line bidding set up, packing and shipping it sort of makes sense. I think this will deter many bidders especially on line. I know I'm out.


Have gas all the time
Re: LMAO!!! Auction Premiums. [Re: Steven C.] #734998
Wed Aug 28 2019 02:45 PM
Wed Aug 28 2019 02:45 PM
Joined: Jan 2009
Posts: 5,552
Portland Oregon
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Craig Osbeck Online content
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Craig Osbeck  Online Content
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Portland Oregon
Yes, way to high of fees. Notice the pumps in auctions have not seen their potential from shipping, fees, and what have you. I have not bought at auction now for about 3 years unless I go their. Oh well, there are still plenty of big dollar guys willing to pay.


Craig
Re: LMAO!!! Auction Premiums. [Re: BryceG] #735001
Wed Aug 28 2019 03:37 PM
Wed Aug 28 2019 03:37 PM
Joined: Feb 2002
Posts: 411
ND
T
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ND
Don't forget the seller has to pay a percentage as well...

Re: LMAO!!! Auction Premiums. [Re: Steven C.] #735093
Sat Aug 31 2019 07:37 AM
Sat Aug 31 2019 07:37 AM
Joined: Sep 2014
Posts: 38
Pennsylvania
lancelot75 Offline
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lancelot75  Offline
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Pennsylvania
I agree with all the posted sentiments regarding the fees that some auction houses are charging on winning bids. At this point I prefer to pay with cash as I will take the item with me after the auction is over.

Re: LMAO!!! Auction Premiums. [Re: Steven C.] #735094
Sat Aug 31 2019 08:03 AM
Sat Aug 31 2019 08:03 AM
Joined: Feb 2018
Posts: 78
SLC UT
Douglashwy Offline
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Douglashwy  Offline
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SLC UT
After the 23% that I paid in the Iowa Gas auction. I was charged another 330$ for shipping. That was for 1 sign and 2 cans. There was no estamated shipping cost so really you're in the dark with this and stuck paying it or they put your purchase in a lockup and charge rent till you get it.

Re: LMAO!!! Auction Premiums. [Re: Douglashwy] #735107
Sat Aug 31 2019 12:40 PM
Sat Aug 31 2019 12:40 PM
Joined: Jun 2012
Posts: 4,560
MICHIGAN
Steven C. Online content OP
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Steven C.  Online Content OP
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Originally Posted by Douglashwy
After the 23% that I paid in the Iowa Gas auction. I was charged another 330$ for shipping. That was for 1 sign and 2 cans. There was no estamated shipping cost so really you're in the dark with this and stuck paying it or they put your purchase in a lockup and charge rent till you get it.


Holy *****!!! Do you live at the north pole??

On another note, How long before we see 30%??


Steve Coppens
Always interested in Sunoco items!
Really want a Sunoco National pump ad glass!!
Re: LMAO!!! Auction Premiums. [Re: Steven C.] #735124
Sat Aug 31 2019 05:51 PM
Sat Aug 31 2019 05:51 PM
Joined: Feb 2018
Posts: 78
SLC UT
Douglashwy Offline
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Douglashwy  Offline
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Posts: 78
SLC UT
I guess that's the price to the west that I 80 is the most boring ride from Iowa to Salt Lake🤪

Re: LMAO!!! Auction Premiums. [Re: Steven C.] #735133
Sat Aug 31 2019 11:32 PM
Sat Aug 31 2019 11:32 PM
Joined: Jan 2013
Posts: 1,646
Calgary AB
Gasman84470 Offline
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Calgary AB
You know I agree whole heartedly with Steve's sentiments but sometimes you just have to go to the mountain/auctioneer and collect what you want from the auction because that is the one and only time you're going to get a chance at that article that you have to have. And so you buy it and pay the, ..... gulp, 30%!
And that's why they can do it! See you at Morphys😜


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