Quote:
Originally Posted by Fuddjcal
No, I'm not. When I was in hot and heavy acquire mode, I would never pay 25% vig to anyone anytime to buy from them EVER for anything PERIOD what a total JOKE.
|
I do not understand what difference the buyer’s premium would make to the buyer. Whether it is 10% or 25%, I would assume that a buyer takes that into consideration and if he wants to bid a total of $100 all in, he would bid $91 with the one auction house and $80 with the second to come up with that number.
If anything, the buyer’s premium should matter more to the seller since his proceeds are calculated on the hammer price. I think that when buyer’s premiums are high that the seller is receiving part of it.