: Jeff, you made an excellent analogy comparing it to automotive
: sales. Drawing from a time when I was selling cars in my younger
: years I can say it is the same concept. During times of the year
: when sales would be slow sales tactics would change. Slick
: talking to sell at MSRP was gone. Sell the cars at $200 over
: cost to get them off the lot. You made a quick $100, the
: dealership made their holdback fees, and it looked good to the
: manufacturer that we are selling 200 cars while others are
: selling 120. So your point of showing higher numbers of lots
: sold is very plausible as yet another reason why they would be
: accepting these watches.
: Dave
Try this Dave: that auction hose watch selling for $400 or $500 bucks? Add 20% or 25% to it as a buyers premium and now you are
at $600 bucks, add in astronomical shipping and packing charges and now you are in the Fleabay "Buy it now" range.
I believe the days of the big auction houses bending people over are done. People these days are not willing to pay the high
buyers premium as in years gone by. Also that 100k watch is now not bringing 50k, the commissions go down and so do their profit.
I always thought the auction houses screw people. If you read the fine print.............they are liable for nothing. If they
sell you a fake............tuff........they have no liability whatsoever for 20%. Strange, ain't it?
jim
