Quote:
Originally Posted by x2drich2000
I noticed today while bidding in the BST auction that I had not seen any other auction house implement before. When you go to place your bid, either straight or max, they list the bid amount as well as the buyers premium % and the total amount. Thought this was great since you don't have to do the math to figure out the total amount including the buyers premium or keep going back to the auction rules to see what the buyers premium is.
So my question is, what other features does a specific auction house do that you wish the others would would also do?
DJ
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I'm glad to hear that you like this feature. We included it not only as a convenience, but also to illustrate directly that the buyer's premium (vig) decreases as the hammer price increases. The following schedule is built in:
After $5,000 the vig drops down to 17%
After $7,000 the vig drops down to 16%
After $10,000 the vig drops down to 15%
After $15,000 the vig drops down to 14% and
After $25,000 the vig drops down to 12.5%
For what it is worth, the shipping at BST Auctions is a flat $10 unless noted otherwise in the lot description (unusually heavy lots).
03-03-2015, 03:25 PM
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