I AGREE 100% BUT, ALSO, ADD SHIIPPING.? when i tell some what i've paid, i 
respond, $ XXX WITH shipping.

my investment is the total cost.


michael




gavel price + buyer's premium is final cost of item.? How could it be anything 
else?

?

Saul




-----Original Message-----
From: Saul H. Chapman, Ph.D <[EMAIL PROTECTED]>
To: MoPo-L@LISTSERV.AMERICAN.EDU
Sent: Sat, 12 Jul 2008 9:19 pm
Subject: Re: [MOPO] O.k....Where do you stand?



gavel price + buyer's premium is final cost of item.? How could it be anything 
else?

?

Saul


----- Original Message ----- 

From: Susan Heim 

To: MoPo-L@LISTSERV.AMERICAN.EDU 

Sent: Saturday, July 12, 2008 8:10 PM

Subject: [MOPO] O.k....Where do you stand?




Hello all,
?? I was talking with a fellow collector yesterday about auctions. A subject 
came up that seems to have some controversary of opinions regarding auction 
results. Let's say the gavel comes down for an item sold at $500, but with the 
buyer's premium the total cost is $600. I often hear many people say "that item 
sold for $500", but in my opinion it sold for $600. I have had many people say 
to me you don't count the buyer's premium, but that sounds ridiculous to me 
since the overall cost of the item to the buyer was $600. That final value 
means alot when you have items closing in the thousands and the buyer's 
premiums add several thousand more. I have customers looking for certain titles 
and they will quote recent auction sales and often, especially when seeking to 
buy not sell,? quote the gavel price without the buyer's premium.? I will 
mention to them that the price they are quoting isn't the true selling price 
that you have to include the buyer's premium. They will then infor
 m me that since they are looking to buy from a private party, the buyer's 
premium doesn't apply. As I shake my head, I suggest that if you are going to 
quote auction prices, you have to include the buyer's premium as that is really 
the final cost of the item and what someone was willing to pay "total" for said 
item.? For instance, if Breakfast at Tiffany's gaveled at $5000, but the final 
cost was $6000, how can you say "Breakfast at Tiffany's just sold for $5000"?? 
I'm rambling, I know......What do you all think?
?
Sue 
www.hollywoodposterframes.com 


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