Quick Question About Auctions

Aside from the "is it real?" questions we have about some auctions, I have a different question. Does it make it even worth buying the item if there's a high price to pay in addition to what the item ends up costing you? For example, I LOVE the items RR Auctions gets. Years ago, I purchased so many things from them. But that 22% premium you pay on top of it, is a bit high, don't you think? If I buy an item for $500...that means I'm paying over $100 in edition to that, and then more money on shipping/handling. It makes the price you pay cost way more than the item is worth. Any other opinions on this?

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Comment by sling on July 21, 2018 at 11:28am

Buyer's fees seem to be creeping up. Seems like 20 years ago it was 15%------today Bonhams charges 25% for first $200,000! Then there is the photo fee which has creeped in, storage fee ...

Comment by Joe W. on July 21, 2018 at 11:42am

As long as buyers are willing to pay it they will take the fees as far as they can go.

Comment by michael bartow on July 23, 2018 at 12:09pm

having spent almost $200 for some nascar items at a auction house across the river in Dutchess county I agree between their fee's and yes NY taxes the prices end up going up. I think they are in the ball park of 20% for their fee's you have to pay if you win on a item and yeah they charge you the 20% on each item you won. so if you won 2 items its the cost of the item and 20% per item as their fee's. They supposedly state that if you pay in cash they drop it to 15 and I did pay in cash but they got me for the 20 so I bid now more with that in mind that if your going to screw me hell I'm not going to screw myself out of more money so if my max is lets say $50 for a item and it goes past that oh well I guess I wasn't meant to own it.

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