Pick of the Rick Nielsen auction

[bodp471]

Hamer Standard 0004 - the absolute pixk of the litter from the Rick Nielsen auction . 
 

https://www.juliensauctions.com/en/items/2297774/rick-nielsen-stage-played-1975-hamer-standard-electric-guitar-natural

[RobB]

1 hour ago, bodp471 said:

 

I dunno…those angled Grovers would really bug me. 

[scottcald]

Also has a '55 Ford Thunderbird in the lot. 

[singlehum]

 

https://www.juliensauctions.com/en/items/2297474/rick-nielsen-custom-cheap-trick-checker-john-deere-tractor-with-snowplough

 

 

[BoogieMKIIA]

Wonder if this auction could raise Hamer prices? Those played by Rick will have the celebrity bump-up. As long as Joe B doesn’t start collecting Hamer guitars….. 

[bruce919]

28% auction fee on top of the bids and then shipping fees. It's out of my budget. 

[Jakeboy]

Joe B. has at least one Hamer Standard.

[tbonesullivan]

25 minutes ago, bruce919 said:

28% auction fee on top of the bids and then shipping fees. It's out of my budget. 

I have never understood the point of the "buyer's premium". Does not having it as part of the hammer price actually make them more money? 

[mrjamiam]

22 minutes ago, tbonesullivan said:

I have never understood the point of the "buyer's premium". Does not having it as part of the hammer price actually make them more money? 

I don't know about the origins of the practice, but as someone who recently experienced the seller side of a property auction, it was good to know at every moment the number that was being bandied about was the amount that would come to the seller.

As a buyer, you certainly have to know your all-in price.  But if as a seller I get to set some terms, one of them that I appreciated was hearing the amount that would come to me as the auction progressed.  It didn't happen in my case, and that was my only experience, but certainly there are occasions when auctions get halted if the bids are unacceptably low.

Just speculating, but maybe auctions are instances of transactions where the sellers are largely not engaged in commerce, and therefore not used to accounting for all of the costs of selling, and would find it confusing to have to do arithmetic in the fast-paced auction?  These practices were firmly in place long before the advent of handheld supercomputers in everyone's pocket.