Heritage Auctions $$$6548
 Forum Crier
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OGJackster private msg quote post Address this user | |
If you haven't heard and purchase items from HA, the premiums charge is going up to 20%!  Heritage Auctions Dear ...., Please Note: For all Movie Poster auctions ending after June 1 and all Comics and Animation auctions ending after June 8, the Buyer's Premium will be raised by 1/2% (one half of one percent), from 19.5% to 20%. Please direct any inquiries to 214-409-1150 or Bid@HA.com. The Buyer's Premium for auctions in our other categories will remain unchanged Sincerely, Heritage Client Services 3500 Maple Ave. 17th Floor Dallas, TX 75219-3941 Bid@HA.com 1-800-872-6467 |
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 Beaten by boat oars
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Studley_Dudley private msg quote post Address this user | |
| 20% seems excessive. Does it come with any sort of, how should I word this, "favors"? | ||
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 You do know that the new guy brings the donuts, right?
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DWeeB1967 private msg quote post Address this user | |
| Yea, that "buyer's premium" is nuts. That's probably why I've never bought a single thing through Heritage. | ||
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 If I could, I would. I swear.
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DrWatson private msg quote post Address this user | |
| Holy crap! I didn't realize it was 20%. Is that on top of the percentage they are collecting from the seller? | ||
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 Collector
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doog private msg quote post Address this user | |
| Heritage, the PGX of auction houses. | ||
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You do know that the new guy brings the donuts, right?
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DWeeB1967 private msg quote post Address this user | |
Quote:Originally Posted by DrWatson Not exactly sure about that but I know the cost is AT LEAST price + buyer's premium. |
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 Collector
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3JJr private msg quote post Address this user | |
Quote:Originally Posted by DrWatson Yes. Buyer's premium and seller's consignment fee. Do you seriously expect NP Gresham to roll his own cigarettes? These frills cost money! |
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If I could, I would. I swear.
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DrWatson private msg quote post Address this user | |
Quote:Originally Posted by 3JJr You remind me of someone from the early days of the cgc boards. |
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 Collector
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Homer private msg quote post Address this user | |
| Wow they are really squeezing the Turnip tight. | ||
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 Suck it up, buttercup!!
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KatKomics private msg quote post Address this user | |
| Been a long time since I won an auction from them....I usually figure the fees and even sometimes the shipping into my bids (on all auction sites). i.e. if it is a $200 book and I know I'll get dinged with $40 in fees , I only bid $170 max - once a year if I'm lucky ,maybe on a slow day when others are busy - I'll win for what I consider a good price. But then I don't chase 9.8's either..... |
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 COLLECTOR
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conditionfreak private msg quote post Address this user | |
| I have bought many high end books ($300+ prices) from Heritage. But I quit several years ago. I just could not stomach the high buyers premium any more. They do have good books there. But I can no longer justify their fees/premiums. I would not sell with them either, for the same reason. Their cut. |
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Suck it up, buttercup!!
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KatKomics private msg quote post Address this user | |
Quote:Originally Posted by conditionfreak Not to mention you have to provide a collection worth about 10K for them to list your books. .....maybe some day when I want to seriously downsize my collection? |
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Collector
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3JJr private msg quote post Address this user | |
Quote:Originally Posted by DrWatson Some debonnaire gentleman of distinction with a rapier wit, no doubt? |
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Collector
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3JJr private msg quote post Address this user | |
Quote:Originally Posted by HomerI think Heritage will cut a deal with a consignor, some slack for a lesser commission based on the rarity of material or dollar value of the merchandise being consigned, much like Metropolis will. |
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 PEDIGREED... Again!
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martymann private msg quote post Address this user | |
| I doubt that they would even consider offering my collection. Marty |
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Forum Crier
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OGJackster private msg quote post Address this user | |
| Wow, I complained about the increase when I rated them on google and just got this email response... Dear Mr. ...., I wanted to let you know that I did receive your feedback expressing a dissatisfaction with our recent change to a 20% buyer's premium. When an item is sold at auction, a commission must be paid to the auction house by the consignor, the buyer, or both. The final amount due is always calculated by taking the hammer price plus the Buyer's Premium. We have found that charging a 20% Buyer’s Premium rather than a larger Seller’s Commission makes it easier to attract consignments. When we first went to a Buyer’s Premium with our Signature Auctions years ago our volume of consignments increased substantially. Thus we had more items than ever to offer to our buyers, resulting in even more bidders, creating even more demand for the items being sold, and so on. Everyone benefited by this increased critical mass - except our competitors, of course! Does this mean that we expect buyers to pay more for the items they purchase from our auctions? Not necessarily. Ultimately, whether a bidder bids $100 for an item (with our commission coming entirely out of that amount), or $84 plus the buyer’s premium for a total of $100.80, the net result is virtually the same. Most bidders will bid only up to whatever total amount they are willing to pay, the auction house will take its commission, and the seller will get the rest. If you, as a bidder, feel comfortable with an item at a particular price, simply place your bid accordingly, to reflect the total amount you are willing to pay including the Buyer's Premium. Our site will even calculate and show you the total you are paying, so you needn't ever pay any more than you are willing to pay. Based on our 40 years of experience in the auction business we remain highly confident that by displaying and calculating commissions in this way, the overall quantity and quality of lots we can now make available to you, our bidders, will continue to increase. Please let me know if you have any further questions. Best Regards, Randy Nicholas Ritter | Director Client Services HERITAGE AUCTIONS 214-409-1720 | 1-866-835-3243 | Fax: 214-409-2720 3500 Maple Ave Dallas, TX 75219 __________________________________________________ Does this make sense to you guys? |
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If I could, I would. I swear.
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DrWatson private msg quote post Address this user | |
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 Collector
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poka private msg quote post Address this user | |
| @OGJackster yep - what we have always been saying, please refer to all previous HA related threads | ||
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Beaten by boat oars
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Studley_Dudley private msg quote post Address this user | |
| I bet Randy writes that same letter to all the boys. | ||
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Collector
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poka private msg quote post Address this user | |
| Look - if people have just a little bit of brain - this is what’s gonna happen. FMV $100 auction house with no buyer premium $100 HA: $83 + buyer premium $100 What HA is betting on is that they can get the final price incl premium above FMV so that the seller don’t loose out. They do this via their reputation and also probably via shill bidding when needed which they acknowledge in their T&C |
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 Collector
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KingNampa private msg quote post Address this user | |
| @OGJackster I'm impressed that they actually addressed your concerns in an email. Props to them for doing that. If I got it right their summary is basically: "we put the fees on the buyers so we can attract more sellers". | ||
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You do know that the new guy brings the donuts, right?
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DWeeB1967 private msg quote post Address this user | |
| That's what I took from it, @KingNampa . | ||
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Collector
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KingNampa private msg quote post Address this user | |
Quote:Originally Posted by DWeeB1967 I'd love it if ebay charged me no fees and instead put the 10% on the buyer's bid.  |
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COLLECTOR
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conditionfreak private msg quote post Address this user | |
| So, if Heritage is allowed (and states they can and do) bid up their offerings. And you input the highest amount you are willing to pay, into their system. What could go wrong? Man oh man. What a racket. |
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Collector
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KingNampa private msg quote post Address this user | |
Quote:Originally Posted by conditionfreakI've won some HA auctions. The trick is you don't set a max bid. HA will cheat and push it up to that amount. Just wait till the last minute to bid. |
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 COLLECTOR
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Foghorn_Sam private msg quote post Address this user | |
| Does anyone know what percentage they charge the seller? | ||
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You do know that the new guy brings the donuts, right?
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DWeeB1967 private msg quote post Address this user | |
| Yep, @conditionfreak. No thanks! I'll stick to eBay or CLink or whatever else. |
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If I could, I would. I swear.
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DrWatson private msg quote post Address this user | |
Quote:Originally Posted by KingNampa I thought Heritage received a percentage from the seller and buyer. |
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Collector
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KingNampa private msg quote post Address this user | |
Quote:Originally Posted by DrWatson I've got 2 coupons to list on HA with no fees. I think they are shifting all the fees towards buyers these days. They probably found it easier to get their percentage that way. |
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Collector
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poka private msg quote post Address this user | |
| All questions have previously been addressed https://forum.cbcscomics.com/topic/2908/page/1/thoughts-about-heritage-auctions/#28 |
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