Quote:
Originally Posted by Rhotchkiss
Is PWCC charging a buyers premium on their regular, monthly auctions? (They do charge the normal 20% BP on their premium auction)
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I was wondering the same thing, but couldn't find any mention of it on their website. I doubt they will though. I think it's safe to assume the answer is no unless the listings themselves state otherwise. On their Premier Auctions, it notifies you of a 20% buyer's premium every time you bid, so I assume these would be the same if it applied.
From a business process standpoint, I think it would be a mistake for them to do it that way since most of these buyers and consigners are used to dealing with them through eBay and are used to just paying PWCC a consignment fee of x% of the closing price. I think BPs are seen more in the premium auction house space, so they probably won't want to introduce that onto this new platform as it would certainly upset a sizeable portion of their customer base.