An Internet only auction out of Ohio with several hundred lots of mainly pocket knives plus a smaller number of autos, fixed blades, and razors. Plus lighters, watches, and other goodies. 17.5% buyer’s premium. Most lots open at $10.
https://www.liveauctioneers.com/catalog ... -and-more/
Dennis
Upcoming Knife Auction
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deo-pa
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Railsplitter
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Re: Upcoming Knife Auction
This looks interesting. Excuse my ignorance but what is meant by "buyer's premium"?deo-pa wrote: ↑Fri May 28, 2021 9:35 am An Internet only auction out of Ohio with several hundred lots of mainly pocket knives plus a smaller number of autos, fixed blades, and razors. Plus lighters, watches, and other goodies. 17.5% buyer’s premium. Most lots open at $10.
https://www.liveauctioneers.com/catalog ... -and-more/
Dennis
At any rate, thanks for the heads up Dennis.
Rick T.
"What can this strange device be?
When I touch it, it gives forth a sound.
It’s got wires that vibrate and give music.
What can this thing be that I’ve found?”
Proud member of the Buck Collectors Club Inc.
"What can this strange device be?
When I touch it, it gives forth a sound.
It’s got wires that vibrate and give music.
What can this thing be that I’ve found?”
Proud member of the Buck Collectors Club Inc.
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herbva
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Re: Upcoming Knife Auction
That means, as the winning bidder, you get the honor of paying the auction house an additional 17.5% of your winning bid for their services.Railsplitter wrote: ↑Fri May 28, 2021 10:39 amThis looks interesting. Excuse my ignorance but what is meant by "buyer's premium"?deo-pa wrote: ↑Fri May 28, 2021 9:35 am An Internet only auction out of Ohio with several hundred lots of mainly pocket knives plus a smaller number of autos, fixed blades, and razors. Plus lighters, watches, and other goodies. 17.5% buyer’s premium. Most lots open at $10.
https://www.liveauctioneers.com/catalog ... -and-more/
Dennis
At any rate, thanks for the heads up Dennis.
"Better to do something imperfectly, than to do nothing flawlessly." ~ Robert H. Schuller
Herb
Herb
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deo-pa
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Re: Upcoming Knife Auction
Buyer’s premium means the auction house adds another 17.5% to the winning bid, Plus don’t forget tax (sometimes) plus shipping.
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Railsplitter
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Re: Upcoming Knife Auction
Okay, thanks guys.
Rick T.
"What can this strange device be?
When I touch it, it gives forth a sound.
It’s got wires that vibrate and give music.
What can this thing be that I’ve found?”
Proud member of the Buck Collectors Club Inc.
"What can this strange device be?
When I touch it, it gives forth a sound.
It’s got wires that vibrate and give music.
What can this thing be that I’ve found?”
Proud member of the Buck Collectors Club Inc.
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Gunsil
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Re: Upcoming Knife Auction
I can hardly believe they are selling so many inexpensive knives a single lots!! Yeah, buyer's premiums are getting out of hand, higher and higher they go. Some auction houses charge higher premiums for phone and online bids too.
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Dan In MI
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Re: Upcoming Knife Auction
I took a look at a few of the lots in that auction. By the time I paid the buyer's premium and shipping, at least one wouldn't have been worth it. Yes, the auction house has to make money somehow, but 17.5% is really steep for some of those lots.
USN 2000-2006
Adaptable and (usually) affable knife enthusiast, unsure of his knife collecting destination but enjoying the journey
Case taste, Rough Ryder budget
Adaptable and (usually) affable knife enthusiast, unsure of his knife collecting destination but enjoying the journey
Case taste, Rough Ryder budget
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peanut740
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edge213
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Re: Upcoming Knife Auction
A bunch of those aren't worth the opening $10 bid.
David
"Glowing like the metal on the edge of a knife" Meat Loaf
"Glowing like the metal on the edge of a knife" Meat Loaf
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RobesonsRme.com
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Re: Upcoming Knife Auction
Having never used an auction house, I just might be totally ignorant, but I think Buyer’s Premiums came to be when people began to decline to use an auction house and pay a percentage of the sell price to them, so they’ve put it onto the buyer instead.
Seems to me, it would hold bid prices down.
Charlie
Seems to me, it would hold bid prices down.
Charlie
DE OPPRESSO LIBER
"...Men may spurn our appeals, reject our message, oppose our arguments, despise our persons ___but they are helpless against our prayers. "
Sidlow Baxter
"...Men may spurn our appeals, reject our message, oppose our arguments, despise our persons ___but they are helpless against our prayers. "
Sidlow Baxter
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deo-pa
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Re: Upcoming Knife Auction
The auction house still gets a percentage of the selling price, but now they get their pound of flesh from the buyers too. They make it coming and going.Buyer’s Premiums came to be when people began to decline to use an auction house and pay a percentage of the sell price to them, ………
Dennis