Comments on: Lies and auction hammer prices http://blogs.reuters.com/felix-salmon/2010/11/14/lies-and-auction-hammer-prices/ A slice of lime in the soda Tue, 18 Jun 2013 02:31:09 +0000 hourly 1 http://wordpress.org/?v=3.4.2 By: boedean http://blogs.reuters.com/felix-salmon/2010/11/14/lies-and-auction-hammer-prices/comment-page-1/#comment-23027 boedean Tue, 11 Jan 2011 19:07:57 +0000 http://blogs.reuters.com/felix-salmon/?p=6125#comment-23027 People who have a tough time understanding or get frustrated with the elevation of price after the hammer need to try orther sources for auctions such as penny auctions and reverse auctions, there is no hidden fees when you win a item, you pay the winning price. You should try one I recommend http://www.cra-zee.com they have quality service and products. People who have a tough time understanding or get frustrated with the elevation of price after the hammer need to try orther sources for auctions such as penny auctions and reverse auctions, there is no hidden fees when you win a item, you pay the winning price. You should try one I recommend http://www.cra-zee.com they have quality service and products.

]]> By: earthshiva http://blogs.reuters.com/felix-salmon/2010/11/14/lies-and-auction-hammer-prices/comment-page-1/#comment-20937 earthshiva Mon, 15 Nov 2010 22:45:32 +0000 http://blogs.reuters.com/felix-salmon/?p=6125#comment-20937 Bravo for an accurate summary of the rhetoric of auction behavior! All that being said, the hammer price is the closest publicly available estimate to what one would yield by selling a similar item. Although still inflated by the seller's commission (typically 15% to start, but often subject to byzantine formulae), this is the number that is relevant to any reader whose interest is valuation of their own assets. Bravo for an accurate summary of the rhetoric of auction behavior!

All that being said, the hammer price is the closest publicly available estimate to what one would yield by selling a similar item. Although still inflated by the seller’s commission (typically 15% to start, but often subject to byzantine formulae), this is the number that is relevant to any reader whose interest is valuation of their own assets.

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