Thread: With all the auctions out there
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  #27  
Old 05-20-2018, 02:49 PM
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Bored5000 Bored5000 is offline
Eddie S.
Eddie Smi.th
 
Join Date: Nov 2012
Location: Fleetwood, Pa.
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Quote:
Originally Posted by Fballguy View Post
If it's just semantics...Why bother calling it a "buyer's premium"?

If it's just semantics...Why don't they get rid of it and just take 20% out of the high bid? In your world it's all the same right?

If the seller is paying everything, why do we need a buyer's premium at all?
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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Last edited by Bored5000; 05-20-2018 at 02:56 PM.
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