Quote:
Originally Posted by Peter_Spaeth
This is a complete non sequitur. The fact that you don't have reliable price information for pennants has nothing whatsoever to do with the buyer's premium issue. In the end you are bidding what you decide to bid, and it makes no difference how the auction calculates its fee. You aren't "footing the bill." You are bidding what you decide to bid. The consignor is footing the bill because he is only getting a percentage of the sum you pay the AH and the AH is keeping a share. If you pay 120, the consignor gets 100. How on earth are YOU footing that bill? Good luck in your search.
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The consignor is getting 100% of the bid...and I'm paying 20% for his right to do so.
Do you want me to send you a dictionary so you can look up the word bid?