Top-Proxiblog house Weaver Auction has been at the forefront of innovation on Proxibid. It has run auction specials, perfected email advertising and instituted a low buyer’s fee of 10% with even lower fees for gold coins. Now Dave and Cheryl Weaver are experimenting with a tiered system that is bound to spur bidder competition on the portal.
Weaver’s tiered system features 5% on $20 gold coins or one-ounce bullion, 10% for $1000.00 or higher in purchases (hammer price total without buyer premium added) and 13% for under $1000.00 (hammer price total without buyer premium added).
The 5% buyer’s fee on large gold coins and bullion triggers online vs. onsite competition, and the 10% buyer’s fee for $1000 purchases will entice bidders to increase maximums on lots. And if your winnings are under $1000, the 13% buyer’s fee still ranks among the lowest on Proxibid.
Other auctioneers should experiment with the tiered system to see if their totals are the same or greater when compared to existing Internet fees.
Proxiblog is an independent entity with no connection to the auction portal Proxibid. Our intent is to uphold basic numismatic standards as established by the American Numismatic Association and the National Auctioneer Association and to ensure a pleasurable bidding experience not only on Proxibid but also on similar portals such as iCollector and AuctionZip.