Author Topic: Are $29 minimum buyers premiums REALLY a big deal?  (Read 212 times)

Offline BruceH

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Are $29 minimum buyers premiums REALLY a big deal?
« on: December 29, 2023, 07:11:33 AM »
Some people ask me "Bruce, why do you act like $29 minimum buyers premiums are a big deal? After all, the auction house clearly tells you about it, so if you don't like it, don't bid."

Two reasons:
1) It is not that the bidders don't know about them, it is that the consignors often don't know about them! If you consign 100 $30 posters to that auction, and they sell for $30 each, the auction hourse receives $2,925, and you receive $75! How awful is that?

And the same is true for posters that sell at EVERY price level! For a complete explanation of this, go to https://www.emovieposter.com/learnmore/?page=consign#intro

2) When you have $29 minimum buyers premiums it means NO item ever auctions for under $30. By contrast, LOTS of the items we at eMoviePoster.com auction sell for under $30, quite a few for just a few dollars each.

Why not bid in auctions where you can get incredible bargains, thanks to NO buyers premiums at all, and honest no reserve auctions?

And why not consign to the ONLY auction that gives consignors a FAR larger percentage of what their items sell for? Go to https://www.emovieposter.com/learnmore/?page=consign for our simple "no fine print" consignment policy, including exactly what we charge.
We (eMoviePoster.com) hold 2,500 to 4,000 auctions every four weeks.
We have auctioned more movie paper for more money (in real sales) than any auction in the world.
We have the longest continuously running auctions of any auction, with over 1,914,280 to date from over 3,192 consignors.
See all of our current auctions in one gallery here: http://www.emovieposter.com/agallery/all.html