Follow-up: The Volatile State of Online Estate Auctions

February 14, 2017 in Auctions, Coins, Coins for sale, Collecting, Education, Investing, News, Numismatica, Numismatics, Opinion, Rare Coins, USA Coins, World Coins

By: Michael Bugeja (Coin Update News)

Earlier this year I wrote an investigative analysis titled “The Volatile State of Online Estate Auctions,” noting how tardy technological upgrades in addition to fees from auction portals and credit card companies—often combined with building rent and/or upkeep of onsite facilities—continued to push buyer premiums ever higher.

Shipping has always been an issue with auction houses. Some use third-party shippers. Some do not ship at all.. And a few charge high shipping fees..

These costs were passed to bidders, I noted. At first, auctioneers with onsite clientele did not charge local buyers any fees. Then many had to do so… Full article at the source>

Source: (Coin Update News)

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