Local auction "BUYER PREMIUMS" are 10% and some...


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Posted by Mark Davis on Saturday, January 19, 2002 at 11:30AM :

In Reply to: Re: they (Ebay)only GROSS the listing fee posted by Judd on Friday, January 18, 2002 at 11:32PM :

are up to 15%. When you go to a local auction you have to consider that fee, as well as your time away from work, travel expenses, quite often taxes, and cost of getting the object home.

A few years ago, Ebay was the subject of a Jepardy question. The answer was, the fastest profit growing internet company. Answer-Ebay.
It is an American success story that should inspire us. I believe they employ 1200 people and who knows how many others have stock in the company, ie pension funds etc.

So when a business does well, many benefit, not just the top brass.
Mark




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