Mind the buyer's premium....

SlateMan

Registered
I just saw an auction for a very expensive pool table. The minimum bid is $44,000 and there is a buyer's premium of 30%. The table originally sells new for $69,000. So, why would someone buy a used table with a opening bid of $44,000 plus 30%, that's like $57,000 and you still have to ship it. I bet the new table at 69k comes with free shipping and a warranty.

Oh, well. Problems I dont have to worry about. The table might be related to Usher...yeah, that guy. Check it out:
Billards Toulet Pantheon 9" Billard Pool Table, 69,000 retail.

Buyer's Premium​

  • 30%
Toulet Pantheon
And, no, I am not interested, nor can I afford the table. I was watching this auction for the Dr. Seuss Taxidermy!

Sea Going Dilemma
 
Long reach from the end rails.
Just use the bridge. Oh, wait, there isn't any bridge.

And if you buy new from Toulet instead of at auction, you can customize the design, like get it in chartreuse with neon orange cloth. They do make some interesting designs.
 
For those of you who don't want to click the link:
I just saw an auction for a very expensive pool table. The minimum bid is $44,000 and there is a buyer's premium of 30%. The table originally sells new for $69,000. So, why would someone buy a used table with a opening bid of $44,000 plus 30%, that's like $57,000 and you still have to ship it. I bet the new table at 69k comes with free shipping and a warranty.

Oh, well. Problems I dont have to worry about. The table might be related to Usher...yeah, that guy. Check it out:
Billards Toulet Pantheon 9" Billard Pool Table, 69,000 retail.

Buyer's Premium​

  • 30%
Toulet Pantheon
And, no, I am not interested, nor can I afford the table. I was watching this auction for the Dr. Seuss Taxidermy!

Sea Going Dilemma
Well I missed my lots.... but dang these things are cute:
Taxi1.png


Taxi2.png
 
On the one hand, OP has pointed out that people do not often make good economic judgements.

On the other hand, if buyer has the money and still wants that ugly thing, is it not our duty to separate him from his money ?????
 
Obviously it's more statement furniture than pool table.

With that website I recommend checking reviews and GOOGLE searches on the auction house/company.

JV
 
I just saw an auction for a very expensive pool table. The minimum bid is $44,000 and there is a buyer's premium of 30%. The table originally sells new for $69,000. So, why would someone buy a used table with a opening bid of $44,000 plus 30%, that's like $57,000 and you still have to ship it. I bet the new table at 69k comes with free shipping and a warranty.

Oh, well. Problems I dont have to worry about. The table might be related to Usher...yeah, that guy. Check it out:
Billards Toulet Pantheon 9" Billard Pool Table, 69,000 retail.

Buyer's Premium​

  • 30%
Toulet Pantheon
And, no, I am not interested, nor can I afford the table. I was watching this auction for the Dr. Seuss Taxidermy!

Sea Going Dilemma
I watched that same auction. A few days earlier, at a Connecticut auction, I bid online for a 5'x10' Brunswick Arcadian table which I won along with cue and ball racks and table light. I attached the original photos from the auction.
 

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No one on the planet is going to make an opening bid of 44k for that table. I don't care if the table retails new for 69k, or if the bidder is a billionaire. It will just sit, unsold.
 
I just saw an auction for a very expensive pool table. The minimum bid is $44,000 and there is a buyer's premium of 30%. The table originally sells new for $69,000. So, why would someone buy a used table with a opening bid of $44,000 plus 30%, that's like $57,000 and you still have to ship it. I bet the new table at 69k comes with free shipping and a warranty.

Oh, well. Problems I dont have to worry about. The table might be related to Usher...yeah, that guy. Check it out:
Billards Toulet Pantheon 9" Billard Pool Table, 69,000 retail.

Buyer's Premium​

  • 30%
Toulet Pantheon
And, no, I am not interested, nor can I afford the table. I was watching this auction for the Dr. Seuss Taxidermy!

Sea Going Dilemma
BTW, that same table, Toulet Pantheon, is up for auction again on Dec 13, 2025, however at a reduced starting bid of $20,000.
 

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Live Auctioneers is egregious on it's buyers premium charges; it is the worst out of ALL online auction sites.

They are also the most hands-off relative to the auction services, so it's very easy to win an auction on the cheap and then get hit with a $400 shipping charge that is all seller fee's and not the actual cost of transporting via USPS/UPS/FedEx

I do my damn best to avoid them...
 
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