25% Buyer's Premium on Ebay

[Dave]

Check out http://cgi.liveauctions.ebay.com/ws/eBayISAPI.dll?ViewItem&rd=1&item=2284503905&category=14282

It is for 4 Mills Slots. They don't bother to tell you the models or provide pictures.

On top of this, they are going to add 25% as a buyer's premium to the winning bid.

[Carl]

Hi,
Actually the buyer's premium was 10% or 15% and not a total of 25%. The Ebay listing only showed 2 of the machines. All 4 were in the auction catalog and I think you can view the catalog online at the Inman site. Not defending anyone just want to have the story correct. I tried to bid on numerous steam toys and was unsuccessful. Many of the items sold for 2 to 3 times the anticipated upper price estimate. Either the economy is changing or there were a lot of people with too much money at that auction.

[Dave]

Hi,
Actually the buyer's premium was 10% or 15% and not a total of 25%. The Ebay listing only showed 2 of the machines. All 4 were in the auction catalog and I think you can view the catalog online at the Inman site. Not defending anyone just want to have the story correct. I tried to bid on numerous steam toys and was unsuccessful. Many of the items sold for 2 to 3 times the anticipated upper price estimate. Either the economy is changing or there were a lot of people with too much money at that auction.

Carl:

Thanks for clearing it up. The way they worded it made it really confusing.

Do you know what ind of slots they had and what they went for?

Dave

[neilc]

Randy Inman Auctions charged 15%. The four machines were the 4 mills qt models. 1,5,10,25 cent model.They went for 6000.00.Not a bad price.single one just sold on ebay for 2300.00

[Dave]

Randy Inman Auctions charged 15%. The four machines were the 4 mills qt models. 1,5,10,25 cent model.They went for 6000.00.Not a bad price.single one just sold on ebay for 2300.00

That seems really cheap given that one was a quarter and the other a dime (both pretty unusual in the QT line). Especially if that $6,000 includes the 15% premium. Even if it didn't, a pretty good price.

They should have done a better job of advertising what machines were going to be in the auction.