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 LMAO!!! Auction Premiums.
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Joined: Jun 2012
Posts: 4,864 Likes: 42
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OP
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Joined: Jun 2012
Posts: 4,864 Likes: 42 |
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
Always interested in Sunoco items!
Really want a Sunoco National pump ad glass!!
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Please - NO offers to Buy or Sell in this forum category
Statements such as, "I'm thinking about selling this." are considered an offer to sell.
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Re: LMAO!!! Auction Premiums.
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Joined: Mar 2006
Posts: 3,174 Likes: 4
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Joined: Mar 2006
Posts: 3,174 Likes: 4 |
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.
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Joined: Jan 2013
Posts: 3,415 Likes: 17
Veteran Member
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Veteran Member
Joined: Jan 2013
Posts: 3,415 Likes: 17 |
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.
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Joined: May 2012
Posts: 1,871 Likes: 47
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Joined: May 2012
Posts: 1,871 Likes: 47 |
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
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Re: LMAO!!! Auction Premiums.
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Joined: Jan 2009
Posts: 5,945 Likes: 23
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Veteran Member
Joined: Jan 2009
Posts: 5,945 Likes: 23 |
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
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Re: LMAO!!! Auction Premiums.
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Joined: Feb 2002
Posts: 425
Petro Enthusiast
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Petro Enthusiast
Joined: Feb 2002
Posts: 425 |
Don't forget the seller has to pay a percentage as well...
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Re: LMAO!!! Auction Premiums.
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Joined: Sep 2014
Posts: 44
Active Member
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Active Member
Joined: Sep 2014
Posts: 44 |
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.
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Re: LMAO!!! Auction Premiums.
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Joined: Feb 2018
Posts: 180 Likes: 25
Petro Enthusiast
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Petro Enthusiast
Joined: Feb 2018
Posts: 180 Likes: 25 |
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.
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Re: LMAO!!! Auction Premiums.
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Joined: Jun 2012
Posts: 4,864 Likes: 42
Veteran Member
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OP
Veteran Member
Joined: Jun 2012
Posts: 4,864 Likes: 42 |
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!!
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Re: LMAO!!! Auction Premiums.
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Joined: Feb 2018
Posts: 180 Likes: 25
Petro Enthusiast
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Petro Enthusiast
Joined: Feb 2018
Posts: 180 Likes: 25 |
I guess that's the price to the west that I 80 is the most boring ride from Iowa to Salt Lake🤪
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Re: LMAO!!! Auction Premiums.
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Joined: Jan 2013
Posts: 1,992 Likes: 54
Veteran Member
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Veteran Member
Joined: Jan 2013
Posts: 1,992 Likes: 54 |
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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