Bob_Church 7 #1 April 8, 2018 I've long suspected that auction houses deliberately low ball their predicted selling prices, sometimes by a ridiculous amount, to draw out more bidders thinking that maybe they've got a shot at that newly discovered sheet of hand written lyrics by Lennon that was just found and listed at $350 but of course goes for 2.5 million. Take this map. They're valuing it at $20,000 but I'd pay that in a moment if it were offered to me. It will be interesting to see how much it actually goes for. https://www.cnn.com/2018/04/06/us/jfk-cuban-missile-crisis-map-auction/index.html Quote Share this post Link to post Share on other sites
Bob_Church 7 #2 April 13, 2018 Well, it's still less than I thought, but a lot more than that ludicrous $20k. And you have to add their premium of 22.5%. Sold for $138,798.63. https://www.rrauction.com/PastAuctionItem/3389941 Quote Share this post Link to post Share on other sites
yoink 321 #3 April 13, 2018 22% markup?? I’m in the wrong job! Quote Share this post Link to post Share on other sites
wolfriverjoe 1,523 #4 April 13, 2018 yoink22% markup?? I’m in the wrong job! Meh. Most car auction places charge that. On a car going well into 6 figures, sometimes well into 7, those fees are not trivial. There was a big scandal back around the beginning of the century where Christie's and Southeby's were engaging in price fixing. Criminal charges were filed, convictions obtained and a prison sentence handed down. https://www.telegraph.co.uk/news/worldnews/northamerica/usa/1391957/Taubman-is-jailed-for-Sothebys-price-fixing.html"There are NO situations which do not call for a French Maid outfit." Lucky McSwervy "~ya don't GET old by being weak & stupid!" - Airtwardo Quote Share this post Link to post Share on other sites
Bob_Church 7 #5 April 13, 2018 yoink22% markup?? I’m in the wrong job! If they can't get you with shipping and handling there's always the fees. Quote Share this post Link to post Share on other sites
