Re: gene shoup auction

armand tatro · Aug 15, 2010

What is a buyers penalty? Armand

M Nut · Aug 15, 2010

AKA buyer's premium. It's where the buyer pays a commission on the amount spent. EX. you spend $100, and a 10% buyers premium is in place, that item now costs you $110.

Tramway Guy · Aug 15, 2010

Here is a link to the results...I think the prices were high for the non-running tractors, but that is just my opinion.
Shoup results

camju · Aug 15, 2010

that's highway robbery. If you bid $100 you pay $100 plus tax Where aplicable.I wouldn't pay my bill if they tried that and would never go back to that auctioners sales.

Pops1532 · Aug 15, 2010

Some auctioneers shift a portion of the commission from the seller to the buyer by using a BP. For example: instead of charging the seller 20% commission some auctioneers will charge the seller 10% and the buyer 10%. Then there's some that only lower the seller commission to 15% and still charge the buyer 10%, thus making an extra 5%. Auctioneers that use a BP say its a tool that helps them make a deal with sellers. Its not robbery, but I'm certainly no fan of the BP.
There was no BP at the Shoup auction.

Zachary Hoyt · Aug 15, 2010

Most auctioneers here do that, and it is stated up front, so you know where you are.
Zach

Leroy · Aug 15, 2010

Around here none do.

INCase · Aug 16, 2010

Are those guys charging the seller too?

If so that's getting greedy. double dipping FEW auctioneers worth that much.

I think the seller should pay... cost of doing business, turns too many bidders away most of the time.

Pops1532 · Aug 16, 2010

They usually lower the commission to the seller. Thats what makes it attractive to sellers.

Re: gene shoup auction

armand tatro

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M Nut

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Tramway Guy

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camju

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Pops1532

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Zachary Hoyt

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Leroy

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INCase

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Pops1532

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