Dean Posted November 13, 2022 Report Share Posted November 13, 2022 Let's say I buy a $10k gun what do I actually end up paying as a buyer? Quote Link to comment Share on other sites More sharing options...
mattnh Posted November 13, 2022 Report Share Posted November 13, 2022 +26% + shipping/packing fees 1 Quote Link to comment Share on other sites More sharing options...
Spartan Posted November 13, 2022 Report Share Posted November 13, 2022 Depending on the item the commission is negotiable. Quote Link to comment Share on other sites More sharing options...
mattnh Posted November 13, 2022 Report Share Posted November 13, 2022 (edited) 9 minutes ago, Spartan said: Depending on the item the commission is negotiable. If I’m not mistaken, I think that is just the seller’s premium. They say on their website they will go down to 0% seller’s premium for high dollar items and big collections (dunno, maybe they will even rebate a couple percentage points of buyer’s premium to the seller if they really want a listing). Buyer’s premium is 20% + 6% PA sales tax when bid direct or on their platform. Alternative bidding platforms (eg Proxbid) often will add a couple extra percentage points on top of the auction house buyer’s premium. Have you successfully negotiated the buyer’s commission lower beforehand? How? Edited November 13, 2022 by mattnh Added some info on Alternative bidding platforms Quote Link to comment Share on other sites More sharing options...
riflejunky Posted November 13, 2022 Report Share Posted November 13, 2022 (edited) I bought a water cooled gun with tripod and accessories from Morphy’s a couple years ago. The gun and stuff was $21k Buyers premium $4200 Shipping $134 Insurance $67 Handling $144 Tax $0 total $25,539 Edited November 13, 2022 by riflejunky Spelling error Quote Link to comment Share on other sites More sharing options...
Spartan Posted November 13, 2022 Report Share Posted November 13, 2022 Have only negotiated sellers for unique items. Quote Link to comment Share on other sites More sharing options...
Kevin Bartlett Posted November 14, 2022 Report Share Posted November 14, 2022 Whenever I bid on an item from either Morphy or Rock Island auctions, I multiply my maximum bid by 1.4 to cover the buyer's premium, sales tax, insurance, shipping, etc. and that usually gets me close to the actual price. Of course, shipping on one pistol vs. three shotguns does make a difference. I always pay via credit card and that is more expensive. I've never bid on a twin water-cooled .50 rig so I don't know about any negotiation that they might do. Good luck on your bidding. Kevin in NC Quote Link to comment Share on other sites More sharing options...
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