[meteorite-list] Auction Questions Answered

From: Darryl Pitt <darryl_at_meteoritecentral.com>
Date: Sat, 4 Aug 2012 14:46:43 -0400
Message-ID: <D460A38A-EF49-4490-9179-1A7D8778AABD_at_dof3.com>

Hi,

Your disapproval of the protocols of a large, serious auction house fascinates.

Given the depth of such feelings, I am surprised I received more than a half dozen emails from you the past three weeks in your desire to have the NWA 5000 main mass included in the upcoming Heritage Meteorite Auction?and when I felt I had no choice but to pass on your proposal, you then turned to someone else at Heritage---and the consignment was again rejected after multiple solicitations were again made.

Given your note below, can we now expect to see the NWA 5000 main mass in Michael Blood's upcoming auction?

d,


Begin forwarded message:

> From: Adam Hupe <raremeteorites at yahoo.com>
> Subject: [meteorite-list] Auction Questions
> Date: August 3, 2012 11:55:10 PM EDT
> To: Adam <meteorite-list at meteoritecentral.com>
> Reply-To: Adam Hupe <raremeteorites at yahoo.com>
>
> Hi Michael and List Members,
>
>
> Your fees seem reasonable to me, especially after checking out some auction houses that charge a 20% seller premium plus a 20% buyer's premium equaling an outrageous 40%. Then catalog fees are added on top of that figure. Perhaps you can answer a few questions for me?
>
> Why do some auction houses charge a buyers premium to begin with? It seems that this practice confuses bidders and is misleading. I know it confuses me trying to make a quick multiplication in my head during live bidding. Why should the buyer have to pay this extra amount? It seems the seller should be pay a straight percentage like most auction sites do including eBay. When you bid on storage units, houses, cars or what have you, what you bid is what you pay. Seems pretty straight forward to me.
>
> Imagine if all businesses added a 20% buyers premium to their products and I am not talking about sales tax. What purpose does it serve? I believe in simplicity,
>
> Best Regards,
>
>
> Adam
>
Received on Sat 04 Aug 2012 02:46:43 PM PDT