#surcharge

Mike Brandly, Auctioneer

Apr 28, 20233 min read

You can charge a buyer’s premium …

Auctioneers who charge a buyer’s premium are being told they shouldn’t be charging a buyer’s premium. Maybe auctioneers who solely...

Mike Brandly, Auctioneer

Apr 4, 20222 min read

Credit cards and surcharges

We were one of the first auctioneers (1993) to accept credit cards at all our auctions including even on-site auctions with no landline...

Mike Brandly, Auctioneer

Mar 24, 20212 min read

There’s no buyer’s premium?

Buyer’s premiums are charges added to the buyer’s “hammer price” to constitute the total purchase price — plus any other costs. In other...

Mike Brandly, Auctioneer

Mar 13, 20202 min read

Buyer’s premiums and the backup bidder

The bidding reached $130,000 (I wasn’t bidding) and the auctioneer was asking $135,000. The other bidder who had bid $125,000 didn’t...

Mike Brandly, Auctioneer

Apr 20, 20143 min read

Credit card (surcharge) mess for auctioneers

At that time, we used a Verifone 330 credit card swiper, a DC power supply, a Motorola bag phone and a long antenna. We were the first...

Mike Brandly, Auctioneer

Sep 12, 20133 min read

The buyer’s premium doesn’t matter …

We wrote about the buyer’s premium some time ago. We also wrote about the net effect of the buyer’s premium discussing how buyers...

Mike Brandly, Auctioneer

Jun 20, 20113 min read

Buyer’s premium in Wisconsin

Today, there is no state in the United States where the buyer’s premium is not found. Yet, auctioneers in Wisconsin are not permitted to...

Mike Brandly, Auctioneer

Dec 16, 20095 min read

Buyer’s Premium

In fact, it’s not more difficult to find ads that say, essentially, “come to our auction since we don’t charge a buyer’s premium” as it...