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Post Posted: Thu Aug 15, 2024 10:22 pm 
 

Tszii wrote in Heritage RPG Auction is live:
The buyers premium was so high I couldn't figure out what "BP" meant, full well knowing there is a buyers premium.


Here is what I was tracking in case anyone is interested... Pretty much every D&D item...


MyTrackedLots - Google Drive

Please let me know if there are issues viewing it... I put it on my Google drive.  Its an eml file type which is basically a text file.  There are no viruses in it.

-SKA

  

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Post Posted: Thu Aug 15, 2024 10:41 pm 
 

Some prices I was tracking:

D3 3rd print (mono) 8.5---$4560 (SW)
I6 1st 9.2---$4080 (SW)
S1 6th print (green) 9.4---$4080 (SW)
B2 4th print 9.4---$2400
Gamma World Box (3rd print sealed)---$1680
Deities & Demigods True 1st---$1320 (signed by Dee, Diesel & Darlene)
S3 1st 8.5---$1170
B2 Silver Anniversary 9.6---$1140 (signed by Dee and Diesel)
S2 Silver Anniversary 9.8---$1020 (signed by Darlene and Diesel)
A3 2nd print 9.2---$960 (SW)
Monster Manual True 1st---$906
S1 2nd print (mono) 6.5---$810 (SW)
B4 9.2---$780
I10 9.2---$720 (SW)
U2 9.4---$720 (SW)
G1-3 9.4---$720 (SW)
I2 9.0---$720 (SW)
N2 9.6---$660
RS1 9.6---$660 (SW)
X3 9.6---$660 (SW)
S2 9th print 9.4---$576 (SW)
I3 9.2---$576 (SW)
AD&D Player's HB true 1st--$550
X4 9.2---$528 (SW)
WG4 9.0---$528
Permanent Character Folder 9.0---$504 (SW)
I1 2nd print 8.5---$504 (SW)
EX1 9.2---$504 (SW)
AD&D DMG 1st print---$500
DA1 9.6---$480 (SW)
A2 8.0---$480 (SW)
N1 9.2---$480 (SW)
DL9 9.4---$456 (SW)
DL2 9.4---$456 (SW)
DL4 9.4---$456 (SW)
I4 9.4---$456 (SW)
D&D BECMI Basic DM Rulebook 9.2---$456
DL14 8.5---$432 (SW)
DA2 9.0---$432 (SW)
I4 9.8---$432
WG6 9.4---$432 (SW)
DLA2 9.6---$432 (SW)
I8 9.0---$408 (SW)
WGA4 Vecna Lives 9.2---$408 (SW)
X7 9.4---$408 (SW)
UK1 8.5---$408 (SW)
L3 9.8---$384
Rogues Gallery 5th print 8.5--$384 (SW)

(NOTE: Updated and expanded the list, included the items that were in original shrink)

Mike B.


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Last edited by Badmike on Fri Aug 16, 2024 5:37 pm, edited 1 time in total.
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Post Posted: Thu Aug 15, 2024 11:00 pm 
 

Mike, any idea what the 'Buyer's Premium' is?  Is that an auction fee?

-SKA

  

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Post Posted: Thu Aug 15, 2024 11:08 pm 
 

Sir Kill Alot wrote in Heritage RPG Auction is live:Mike, any idea what the 'Buyer's Premium' is?  Is that an auction fee?

-SKA



Basically it's money that goes straight to the auction house in lieu of a consignment fee, which is impractical when you have an auction with, say, 500 items from 32 different sellers. Each item is charged a premium which covers "fees" or whatever.

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Post Posted: Thu Aug 15, 2024 11:34 pm 
 

The buyer's premium is the auction house's income on the sale. In most auctions in the gaming community, the buyer pays an amount equal to their winning bid, and the auction house (e.g., the Gen Con or Gamehole auction) takes a portion of that, so that the seller gets less than the actual winning bid. In traditional auctions (Christie's, Sotheby's), the seller actually gets the full amount of the winning bid. But the buyer pays more than the winning bid -- they pay the final bid, plus a premium -- the buyer's premium. Auction houses publish a schedule, and the higher the winning bid, the more the buyer's premium.

The benefit of this latter approach is that you know how much the seller got, based on the winning bid. It is, perhaps, a better guide on what a private sale might obtain for the same item. But as a bidder, you have to remember the premium, so you're not surprised when you bid an amount, but have to actually pay more.


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Post Posted: Sat Aug 17, 2024 10:14 am 
 

Thanks Mike, Bracton.  So if I am logging sales prices, do I capture what the seller received or total price to the auction house?  Just trying to be accurate.

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Post Posted: Sat Aug 17, 2024 12:12 pm 
 

Sir Kill Alot wrote in Heritage RPG Auction is live:Thanks Mike, Bracton.  So if I am logging sales prices, do I capture what the seller received or total price to the auction house?  Just trying to be accurate.

-SKA


I'm not sure there's a single answer to that. The best you can probably do is be consistent across all auctions in describing the economics of the sale.

When you see a published auction price for a sale at Christie's or Sotheby's, it's usually the hammer price: the amount of the winning bid, that went to the seller. This means that the price does not reflect the buyer's premium, even though the buyer paid more than the hammer price shown. That's just the norm for those types of auctions. You'd have to go to the auction house's website to find out the amount of the BP for the specific auction.

On eBay or at a game convention auction, such as Gen Con or Gamehole, the price shown is the amount paid by the buyer; the website or convention takes a slice out of that amount (the amount of which is not always disclosed to the bidders or buyer), and the seller gets less. As a result, for our community, the full amount paid has historically been the "sale price."

Bottom line, I guess, is that if you want to compare apples to apples, you should include the BP in the "sale price" for auctions that have those.


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Post Posted: Thu Oct 10, 2024 4:40 pm 
 

Bracton wrote in Heritage RPG Auction is live:The buyer's premium is the auction house's income on the sale. In most auctions in the gaming community, the buyer pays an amount equal to their winning bid, and the auction house (e.g., the Gen Con or Gamehole auction) takes a portion of that, so that the seller gets less than the actual winning bid. In traditional auctions (Christie's, Sotheby's), the seller actually gets the full amount of the winning bid. But the buyer pays more than the winning bid -- they pay the final bid, plus a premium -- the buyer's premium. Auction houses publish a schedule, and the higher the winning bid, the more the buyer's premium.

The benefit of this latter approach is that you know how much the seller got, based on the winning bid. It is, perhaps, a better guide on what a private sale might obtain for the same item. But as a bidder, you have to remember the premium, so you're not surprised when you bid an amount, but have to actually pay more.


I would add the following: Most likely, HA is ALSO taking a cut from the consignor - so they make the buyers premium, as well as the consignment fee (which is usually also a percentage). Both sides of the deal.

That is how most auction houses work, from antiques to the rare book world (which I am most familiar with from all sides).

It should be noted that auction houses will lower/waive the consignor fee as part of a negotiation process, particularly if they think the item/collection is high profile enough to draw bidders in to see the other stuff. At that point theyll write off the fee as a marketing expense.


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Post Posted: Thu Oct 10, 2024 6:27 pm 
 

Here's a link to the Heritage D&D and roleplaying games auction coming up in January:

2025 January 16 Dungeon & Dragons and Roleplaying Games Showcase Auction #40286

  
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