Quote:
Originally Posted by Fballguy
I agree with what you say...I'm sure many do that. But it's because you've been conditioned to do so. That says nothing about why it should be that way.
|
A card (or pennant or slab with a pretty flip etc) with a market value of $1000 is up for auction.
Option 1) 0% buyer premium, 10% seller fee. Top bidder bids $1000.
Top bidder pays $1k, auction house gets $100 and seller gets $900.
Option 2) 11.11% buyer premium, 0% seller fee. Top bidder bids $900.
Top bidder pays $900 + [buyer premium of $900 x 11.11%] =
$1k, auction house gets $100 and seller gets $900
Six in one, half dozen the other.