Quote:
Originally Posted by Bored5000
You don't see that the 20 percent fee with an auction house is less money the consignor receives? Most buyers will bid the same amount in either venue and just factor in the BP when making a maximum bid.
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I can't believe how many of you are fooled by this. Or maybe you have friends in the business...or maybe you are in the business.
If it was an even exchange each and every time...The high bid is the high bid regardless of BP or not....then answer my question. Why confuse the situation with a buyer's premium instead of just taking 20% off the high bid at the end?