Mind the buyer's premium....

SlateMan

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
 
jimmyco said:
Long reach from the end rails.
Click to expand...
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:
SlateMan said:
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
Click to expand...
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
 
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