View Single Post
  #14  
Old 11-29-2006, 05:38 PM
Archive Archive is offline
Administrator
 
Join Date: Mar 2009
Posts: 58,359
Default What is the rationale behind a buyer's premium on an auction

Posted By: Brian H (misunderestimated)

I would have virtually no seller's premium and try to make all of my profits on the other (buyer's) end in order to attract quality consignments. If you can get the items the bidders will come and you can build market share and compete for the best consignments. I doubt a slightly higher buyer's premium is likely to deter anyone from bidding on something that they really want that's not easy to come by. Personally, I just build it into my bidding calculatons -- its not integral calculus, just multiplication and addition.

This seems eminently sensible, am I missing something?

Reply With Quote