
This machine is worth under $1000 and is far from rare. The plate is clearly stamped "F". Although, the house listed it as a "P". No such animal.
Is it because Oliver Berliner owned it..?.
I feel bad I sold my last one for $750 Canadian..

Yes. I'm kind of glad I wasn't there, I would have come home with more machines than I can possibly fit in my house.stevel wrote:Some of those front mounts look like real bargains
Why is it called a "buyer penalty" anyway? What offense has the buyer committed to merit such a designation?Ripduf1 wrote:Hammer prices are listed when you click the link in the original post. To that you have to add the buyer penalty of 21%! John
Pretty much terminology I think - all physical auction houses charge the buyer a commission fee percentage as well as the seller.Henry wrote:Why is it called a "buyer penalty" anyway? What offense has the buyer committed to merit such a designation?Ripduf1 wrote:Hammer prices are listed when you click the link in the original post. To that you have to add the buyer penalty of 21%! John
I guess I don't understand how this kind of internet auction operates, and I certainly won't be bidding or buying anything that way!
I agee with what Steve said.Henry wrote:Why is it called a "buyer penalty" anyway? What offense has the buyer committed to merit such a designation?Ripduf1 wrote:Hammer prices are listed when you click the link in the original post. To that you have to add the buyer penalty of 21%! John
I guess I don't understand how this kind of internet auction operates, and I certainly won't be bidding or buying anything that way!
Thanks for the explanations!barnettrp21122 wrote:I agee with what Steve said.Henry wrote:Why is it called a "buyer penalty" anyway? What offense has the buyer committed to merit such a designation?Ripduf1 wrote:Hammer prices are listed when you click the link in the original post. To that you have to add the buyer penalty of 21%! John
I guess I don't understand how this kind of internet auction operates, and I certainly won't be bidding or buying anything that way!
Auction houses call it a premium and buyers call it a penalty. It's a way of getting more profit, both from the seller's commission and the buyer's additional payment.
Most auction houses impose a "premium" these days. Local country auctions sometimes still do not.
The added internet "premium" is for extra expense, I suppose, for online services, but adds extra profit beyond all that. Too high a premium is off-putting for experienced buyers, in my opinion.
Don't forget the 7 % tax added to everything unless you have a tax number or are an out-of-state bidder having the auction house ship. Things can get expensive fast!
Bob