From my understanding each HA person bidding, and winning, has to pay all BP.
They have profit centers, ya' know. And yes, I guess it does help consignors. Bummer....
I have won plenty of items from HA since selling my collection. I am at a loss in thinking why anyone would expect a bargain at an auction. But it seems as though some feel they are entitled to them. Hey, I like a great bargain too, I just don't feel entitled to them.
Quote:
Originally Posted by pokerplyr80
As others have mentioned I agree it seems inherently unfair to have the auction house competing against bidders that have to pay a 20% premium. I'm sure there are many lots on Heritage I could win and flip for a profit if they'd waive that premium for me.
But I do respect the fact that they disclose and defend the practice. At least it is well known, and does help to protect consignors against the risk of having a lot sell well below market value.
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