Posted By:
scgaynorI am not going to go into too much detail, but i don't pay any less than you would if you won the same piece.
These auction houses know who I am, what my business is like, and they know that I am not going anywhere. I don't make money on every lot, but I make money overall and that is what matters. I put a reserve on that Pirates so I didn't get killed. If I lose a few bucks, it is not the end of the world. I often buy nice pieces just to keep the quality of material that I offer high. It keeps people looking at my stuff and it helps the prices on everything else that I sell. Its called a "loss leader."
I don't think that Josh has to respond, there is really nothing for him to say.
Scott