Quote:
Originally Posted by tiger8mush
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.
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You left out an option.
Option 3) Card still sells for $1,000 and the buyer has to pay an extra $111.10 and the seller gets $1,000.
The notion that every winning bid has been deflated by the value of the BP is ludicrous.