Quote:
Originally Posted by thetahat
Speaking of that $3,900 sale last night, I can’t imagine that the seller would have done better with an auctioneer. With the buyer’s premium etc, it would have required the winner paying over $5K to bring the same reward.
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Speaking of the (dreaded) “buyer’s premium,” I’ve always been unclear on how that works…..let’s say the pennant does do $5000 at an AH and the BP is 14%….buyer pays $5700. I always assumed the BP went to the AH and the consignor took the bid amount. No?