Thread: What is the rationale behind a buyer's premium on an auction
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Old 11-29-2006, 10:18 AM
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Default What is the rationale behind a buyer's premium on an auction
Posted By: peter chao

Josh,

I know the auction houses don't like to be compared to E-bay, but E-bay takes a straight percentage of the gross and varies the percentage depending on the gross amount of the sale. The larger the gross sale, the larger the percentage. There is no buyer's premium at all.

PETER

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