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01-12-2019, 11:12 AM | #13 | ||||||
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The Following 2 Users Say Thank You to John Campbell For Your Post: |
01-12-2019, 11:30 AM | #14 | ||||||
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Is there also a seller's premium?
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"Striving to become the man my dog thinks I am" |
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The Following User Says Thank You to John Dallas For Your Post: |
01-12-2019, 11:34 AM | #15 | ||||||
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The Following User Says Thank You to John Campbell For Your Post: |
01-12-2019, 12:31 PM | #16 | ||||||
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To be fair, Morphy’s does a great job assembling an exceptional group of firearms for auction. Would I pay that premium? I haven’t so far and probably not. But if the price is low enough that, including the 26%, the gun is still about 70-80% of retail, I would consider it. Morphy’s and Rock Island also do a very good job describing the gun. Others, not so much. But all those beautiful catalogs and advertising, that you pay for, brings more interested potential buyers, thus bringing a higher hammer price. Good for the seller and good for the auction house, but not good for the buyer. And if they can further offset cost by getting guys to purchase their advertising material, even better. Again, Morphy’s offers some really fantastic guns, but you will pay. Another positive for Morphy’s, they have a relationship with Dewey Vicknair. For a small fee, I think it’s $125, he will inspect the gun for you prior to the auction. If you’re bidding on a higher end gun, it may be worth the cost.
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The Following User Says Thank You to Joe Graziano For Your Post: |
01-12-2019, 12:47 PM | #17 | ||||||
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Joe I was not aware of the inspection being offered by DV. Good to know that's available should the right gun present itself, thanks !
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The Following User Says Thank You to Randy G Roberts For Your Post: |
01-12-2019, 12:50 PM | #18 | ||||||
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26% on the back end, and something on the front end. Wow!
Now, I understand that Morphy's or RIA or anyone else is not running a charity, but it seems like they are giving their customer a rough ride. That being said, who is their customer? The consignor or the purchaser?
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"Striving to become the man my dog thinks I am" |
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The Following User Says Thank You to John Dallas For Your Post: |
01-12-2019, 01:02 PM | #19 | |||||||
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Quote:
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The Following User Says Thank You to Eric Eis For Your Post: |
01-12-2019, 01:05 PM | #20 | ||||||
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The sellers fee is normally on a sliding scale determined by the hammer price. The more an item sells for the lower the sellers fee percentage, which I understand. It takes almost as much effort and resources to catalog a $2k item versus a $20k item.
Maybe the reason the buyers fee is creeping up is the average lot price is declining and the auction still needs to cover fixed expenses??? |
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