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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Successful transactions with peter spaeth, don's cards, vwtdi, wolf441, 111gecko, Clydewally, Jim, SPMIDD, MattyC, jmb, botn, E107collector, begsu1013, and a few others.
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