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  1. #1
    Resident Genius and Staunch Capitalist Leader's Avatar
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    The next time some merchant tries to pawn off that noise that 2% or so is fine for a high-ticket item, consider this!

    Yesterday, the Picasso painting "Boy With a Pipe" was sold at Sotheby's for a whopping $104,168,000.

    Of that, $93,000,000 was the purchase price.

    The other $11,168,000 was COMMISSION.

    That's over 10% Commission. On an EXTREMELY high-ticket item.

    So much for that merchant baloney about not paying a real commission just because the item's worth more than 100 bucks!

    Telegraph.co.uk story

    <BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR> Mr Weitman eventually won with a hammer bid of $93 million. By the time Sotheby's had added its commission, the new owner of the Picasso had paid $104,168,000. ~Telegraph article, about halfway down the page <HR></BLOCKQUOTE>
    There is no knowledge that is not power. ~Hemingway

  2. #2
    Outsourced Program Manager Jorge - SHOPiMAR's Avatar
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    &gt; whopping $104,168,000.

    &gt; That's over 10% Commission

    That's because aution houses have always demamded 10% buyers premium. Affiliates should perhaps get the same respect.

  3. #3
    ABW Ambassador Andy's Avatar
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    I'm with Leader. That old story about the commish being small due to the high cost of the item is a bunch of bull.

    It just isn't worth it to try to drive sales for 3%.

    Andy

  4. #4
    ABW Ambassador Sam Bay's Avatar
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    That's the funniest comparison of a conventional business to affiliate marketing.

    Moreover, if you notice, BUYER pays the commission, not the SELLER. I'm sure merchants will say "charge any commission to your buyers, as long as you can sell the item".

  5. #5
    notary sojac Herb ԿԬ's Avatar
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    In many major auction houses the seller also gets hit for part of the commission. And markup on certain services.

    i still want all I can get.

  6. #6
    ABW Ambassador
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    How much do other salesguys get? (car salesmen, insurance, etc.)

  7. #7
    notary sojac Herb ԿԬ's Avatar
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    demo car, commission based on sales volume? chance to hit on customers?

    priceless!

  8. #8
    Resident Genius and Staunch Capitalist Leader's Avatar
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    <BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR>Originally posted by Herb Ô¿Ô¬:
    In many major auction houses the seller also gets hit for part of the commission. And markup on certain services.

    i still want all I can get. <HR></BLOCKQUOTE>

    Ditto, plus it doesn't bother me any if the merchant charges the customer for my commission!

    I really couldn't care less who officially pays it (merchants just pass their costs on to the customer anyway, so in reality, it's ALWAYS the customer who pays it--and any other costs the merchant incurs, too!)

    <BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR> I'm sure merchants will say "charge any commission to your buyers, as long as you can sell the item". <HR></BLOCKQUOTE>

    That's what drop-shippers do. But unfortunately, regular merchants aren't set up for that beauty. Trying to put 1000 different prices (one for each affiliate) for one item into the same shopping cart would probably be a nightmare.
    There is no knowledge that is not power. ~Hemingway

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