Quote:
Originally Posted by Peter_Spaeth
Yes exactly so, frankly I am surprised to hear Scott say that. The consignor gives up a cut to the house whether it's called a seller's premium or a consignment fee or a buyer's premium. Just because it's in the form of a reduced hammer price is really irrelevant to the math.
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This surprises me as well, and this isn't the first time I've seen it on this site. The fee is payed regardless and it still reduces what a bidder is willing to spend.
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