Woodbutcher Posted May 14 Posted May 14 (edited) Does anyone know what's added to the final winning bid these days ? I've scoured his site from top to tail with no hint of a commision percentage anywhere. I can't believe that your winning bid is the price you pay plus postage. I've e-mailed John the question but have had no response as yet. Trying to judge your upper limit bidding-wise is a pain when you don't know how much extra you're going to get stung for after the auction's done. A search on here throws up a figure of 20% being bandied about but that was years back. Edited May 14 by Woodbutcher
Solution Bo Diddley Posted May 14 Solution Posted May 14 (edited) Whenever I've been successful on John's auction, I paid the winning bid plus postage. With those Omega auctions that run occasionally, you end up paying an additional 28.8% (ish!!). In that situation, if you will go as high as say £500, your highest bid would be £388 (£500 divided by 1.28). Equally, if you win an item for £500, you'll pay £644 (£500 multiplied by 1.28). Hope that helps. KB Edited May 14 by Bo Diddley 1
Woodbutcher Posted May 14 Author Posted May 14 3 minutes ago, Bo Diddley said: Whenever I've been successful on John's auction, I paid the winning bid plus postage. With those Omega auctions that run occasionally, you end up paying an additional 28.8% (ish!!). In that situation, if you will go as high as say £500, your highest bid would be £388 (£500 divided by 1.28). Equally, if you win an item for £500, you'll pay £644 (£500 multiplied by 1.28). Hope that helps. KB So in that case he must get his commision solely from the vendor , that's very good of him from the buyers point of view ... I'll give him a ring in the morning just make sure and report back for future reference to others. Thanks for the reply ... 2
Tony Clements Posted May 14 Posted May 14 11 minutes ago, Bo Diddley said: Whenever I've been successful on John's auction, I paid the winning bid plus postage. With those Omega auctions that run occasionally, you end up paying an additional 28.8% (ish!!). In that situation, if you will go as high as say £500, your highest bid would be £388 (£500 divided by 1.28). Equally, if you win an item for £500, you'll pay £644 (£500 multiplied by 1.28). Hope that helps. KB That's right you only pay postage/packing on top of your winning bid price. For one 7" single that will be £12.95 special delivery at the moment, probably be a bit more if your bid runs into thousands! 1
Dobber Posted May 14 Posted May 14 I’ve sold stuff in the past on his auction,the buyer pays what the winning bid is plus post,the seller(me) gets the winning bid less fees(I’m sure is 20%) however in most cases you will achieve higher than you thought, so the fees get soaked up! 1 1
Davey S Posted May 14 Posted May 14 As a buyer you pay the winning amount the seller receives 80% of winning bid.
Jessie Pinkman Posted May 14 Posted May 14 Manship is 20% off the winning bid, Anglo American is 15% off 3
Mike Lofthouse Posted May 14 Posted May 14 Do you not pay VAT on the the 20% commission you are charged as a seller. So if you sell a record for £1000 you get £760.
Jessie Pinkman Posted May 15 Posted May 15 10 hours ago, Mike Lofthouse said: Do you not pay VAT on the the 20% commission you are charged as a seller. So if you sell a record for £1000 you get £760. Mike, I've only ever dealt with Anglo American and if something was sold for £1000 you would get £850.
Mal C Posted May 15 Posted May 15 I auctioned two pretty rare 45's with John last year, I wanted to put minimums on them, as I wanted a certain amount for them, he said not to, and I took his advise. They came in under what I wanted, and after the 20% I did feel I'd lost out, sure they made allot more than I paid for them, but I have to say I was pretty disappointed. So, think before you comit, you can put them up for auction via here, FB etc and not incur any fees, remembering 20% that might be your difference in bids on something worth a grand. He gets some silly prices, but only for certain things, so if its something like Jesse Davies on Joboth, your quids in, a more common 45, I'd do it yourself. 2
Woodbutcher Posted May 15 Author Posted May 15 15 minutes ago, Mal C said: I auctioned two pretty rare 45's with John last year, I wanted to put minimums on them, as I wanted a certain amount for them, he said not to, and I took his advise. They came in under what I wanted, and after the 20% I did feel I'd lost out, sure they made allot more than I paid for them, but I have to say I was pretty disappointed. So, think before you comit, you can put them up for auction via here, FB etc and not incur any fees, remembering 20% that might be your difference in bids on something worth a grand. He gets some silly prices, but only for certain things, so if its something like Jesse Davies on Joboth, your quids in, a more common 45, I'd do it yourself. I was asking the question regarding bidding not selling but thanks anyway ...
Mal C Posted May 15 Posted May 15 24 minutes ago, Woodbutcher said: I was asking the question regarding bidding not selling but thanks anyway ... As a seller via a third party aucton, such as John's, I for one would not be happy to cover postage for the winner, having already given up 20%, it just does not add up on most records that are bought and sold. As for bidding, mugs game mate, stick with the set sales...
Woodbutcher Posted May 15 Author Posted May 15 59 minutes ago, Mal C said: As a seller via a third party aucton, such as John's, I for one would not be happy to cover postage for the winner, having already given up 20%, it just does not add up on most records that are bought and sold. As for bidding, mugs game mate, stick with the set sales... I've always been perfectly happy with auctions Mal , I know how much I'm prepared to pay for an item and if someone's prepared to pay more so be it ... 2
Okehdownsouth Posted May 16 Posted May 16 You pay the final auction price + postage. A lot of the records gthat JM sells are not his they are sent to him by collectors and dealers for him to sell. They do this because JM almost always gets a huge premium over 'normal' prices but he guarantees that all records are original and most are in fab condition. The seller pays the fees which from memory are 20% of the final price. 1 1
Woodbutcher Posted May 16 Author Posted May 16 1 hour ago, Okehdownsouth said: You pay the final auction price + postage. A lot of the records gthat JM sells are not his they are sent to him by collectors and dealers for him to sell. They do this because JM almost always gets a huge premium over 'normal' prices but he guarantees that all records are original and most are in fab condition. The seller pays the fees which from memory are 20% of the final price. Solved and sorted two days ago thanks anyway ... And for the record , I had a figure I was prepared to pay for the very long time want that was in the auction , and it turns out it was a figure that nobody else was willing to top. So said item is now winging its way to me and a very happy chappy I am too ...
Woodbutcher Posted May 16 Author Posted May 16 3 minutes ago, Okehdownsouth said: Which one was it? What , and have you crucify me for dragging prices down or pushing prices up ...
Okehdownsouth Posted May 16 Posted May 16 Not at all, I am a collector not a dealler so I am happy that the crazy days have gone. 2
Mike Posted May 19 Posted May 19 9 offtopic posts dropped a member has been given a site warning regarding his actions on here topic has been locked by topic starter
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