Quote:
Originally Posted by tiger8mush
As a buyer you just factor Buyers Premium (BP) in to your maximum bid. So with 20% BP and $10 shipping and 6% sales tax, if you are willing to spend $140 max then your max bid will be around $100.
It is the consignor who should be upset with high BP, because on a $140 bill they are only seeing $100 (less if there are seller fees, and the cost of shipping the item to the AH + grading fees etc).
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Adapting to the BP doesn't make the BP ok. What's the rational explanation for a $29 BP on a $31 auction win? Heritage likely made more on that sale than the consignor.