Quote:
Originally Posted by RUSH2112
Really? loses money? outside source = WTF?
Any buyers premium paid out by the auction house to itself would be a profit to the auction house sales division in one column of the books and a loss to the buying division in another column.
You need not be an certified accountant to figure that one out.
The auction house is always in a better position to make money on any one item because they purchased at a discount.
|
exactly right, if they win, they figure they got it at the wholesale price, and any flipping of the item will outstrip any buyers fees they would have collected had they not bid, - or else they would not have bid.