Lotsa neat stuff on the Julien's live auction of Ringo & Barbara's stuff. I saw where the iconic bass drum head from The Beatles' first Ed Sullivan appearance sold for over two million dollars!
Lotsa neat stuff on the Julien's live auction of Ringo & Barbara's stuff. I saw where the iconic bass drum head from The Beatles' first Ed Sullivan appearance sold for over two million dollars!
Man.. good luck.. i am a ringo nut and wish i could bid on anything thereI hadn't even looked at anything until a friend sent a link to something, so I registered and bid on it! Will let you know if I win. BTW, there's a pretty hefty fee set on all items won, 25% on everything up to $200,000! The good news is, it's only 20% above $200,000 - what a deal!
If you guys have been paying attention to some of my posts, you can probably guess what I bid on.
Bermuda
BTW, there's a pretty hefty fee set on all items won, 25% on everything up to $200,000! The good news is, it's only 20% above $200,000 - what a deal!
Bermuda
Wait a sec... The buyer has to pay a 20-25% fee on top of what the auction ended at?
Their terms specify: ......................
I hadn't even looked at anything until a friend sent a link to something, so I registered and bid on it! Will let you know if I win. BTW, there's a pretty hefty fee set on all items won, 25% on everything up to $200,000! The good news is, it's only 20% above $200,000 - what a deal!
If you guys have been paying attention to some of my posts, you can probably guess what I bid on.
Bermuda
Their terms specify: "A buyer's premium will be added to the successful bid price and is payable by the purchaser as part of the total purchase price. I acknowledge and agree that a 25% Buyer’s Premium will be added to the hammer price on each individual lot with a hammer price of $0 to $200,000, on which I am the successful bidder. I further acknowledge and agree that for each individual lot sold for a hammer price above $200,000, on which I am the successful bidder, a Buyer's Premium of 25% will be added to the hammer price up to $200,000 and an additional Buyer's Premium of 20% will be added to any amount above $200,000. By way of example, on a lot with a hammer price of $225,000, a Buyer's Premium of 25% will be added to the hammer price up to $200,000, for an amount of $50,000, and a Buyer's Premium of 20% will be added to the remainder of the hammer price of $25,000, for an amount of $5,000. Thus, the total Buyer's Premium of $55,000 will be added to the hammer price of $225,000."
It gets worse: "In addition, there will be an additional 3% buyer's premium charged for any lots won online."
!!
If I win that thing, it's gonna cost a lot of pretty pennies!
Bermuda
I wonder if that is common practice with auctions like this or if it was something that Ringo worked in to the deal to have Julien's be the auction house for his stuff.
Either way, I believe its total crap and a big turn off to bidding on anything.
If the "hammer price" of that Ed Sullivan bass drum head was $2M, the "Buyer's Premium" was $410k. If the purchaser purchased online, they were charged an additional $60k on top of that making the total price of that drum head $2.47M. Huge waste of money, IMO.
Well.. you know the fees to start with.. so you big accordingly.. And the kind of person bidding on those items doesn't care about 400k I saw a few things today i would have liked.. nothing beatle related.. just nice items..
If I win that thing, it's gonna cost a lot of pretty pennies!
Bermuda