Quote:
Originally Posted by pgellis
I known it's all about maximizing money for the consignors and the auction house, but Mears has to remember that they charge the buyers 15% buyers fee and they make a lot of money with that buyers fee alone. You need happy bidders to come back to continue to make it work. It's a 2 way street in an auction setting, but at times it seems like the bidders get the shaft.
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I do understand this point and it's a valid one. I am high on quite a few things but probably won't go higher. Also, Phil....quite honestly, from a consignors perspective and an auction house's perspective, the BP really comes from the seller too. Bidders factor in the total cost when bidding.....so really the money is coming out of the lot, regardless if it's on the front end or back end. Hope that makes sense? And believe me, I love this debate. It helps my partner and I make decisions on how to run our auctions. best regards