Quote:
Originally Posted by tiger8mush
A card (or pennant or slab with a pretty flip etc) with a market value of $1000 is up for auction.
Option 1) 0% buyer premium, 10% seller fee. Top bidder bids $1000. Top bidder pays $1k, auction house gets $100 and seller gets $900.
Option 2) 11.11% buyer premium, 0% seller fee. Top bidder bids $900. Top bidder pays $900 + [buyer premium of $900 x 11.11%] = $1k, auction house gets $100 and seller gets $900
Six in one, half dozen the other.
|
It's no use. Example after example is lost on this dude. He is honed in on the word BID, and his response will be that in your second example the BID was less and the buyer, not seller, had to "foot the bill" for the AH, whatever that means. I think we should all stop feeding this idiocy.
__________________
My avatar is a sketch by my son who is an art school graduate. Some of his sketches and paintings are at
https://www.jamesspaethartwork.com/
He is available to do custom drawings in graphite, charcoal and other media. He also sells some of his works as note cards/greeting cards on Etsy under JamesSpaethArt.