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Old 11-29-2006, 05:27 PM
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Default What is the rationale behind a buyer's premium on an auction

Posted By: warshawlaw

I am merely frustrated at the complicated way that auction fees are charged. It would be so much simpler to charge a flat commission and let the items sell for what they fetch. As I noted, the money could be the same if the % is jiggered. Since the simple approach is not the one chosen by the auctioneers, there has to be a non-mathematical reason for their choice and, as I noted, I think I know what it is.

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