Posted By:
Jim VBThe auction industry is one of the few that attempts to collect a fee from both sides of the transaction. Most industries (e.g. - car dealers, real estate, retail commission sales) collect their money from the side of the transaction RECEIVING the money.
The only other comparable I can think of is Wall St. where brokers collect from the buyer AND the seller. Interestingly enough, that industry is under pressure from discount brokers (who aren't doing so well themselves these days.)