Quote:
Originally Posted by Peter_Spaeth
One 1988 or whatever it was study of one auction doth not science make. And i see no reason why the newer study wouldn't apply to auctions, buying is buying. In any event, I do not believe that buyer's premiums are charged by sports auction houses with an intent to manipulate the buyer into bidding more. I think it's much more likely a response to a trend which saw auction houses trying to compete by lowering seller's commissions, however irrational that was. Paul if you think otherwise, why don't you name the ones you think are trying to trick us? Or do you think it's all of them, making a conscious choice to try to trick us?
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Honestly, I view our argument as a waste of time. But, I have enjoyed finding substantial empirical evidence to show the impact of price partitioning, which many of us on Net54 intuitively knew was going on. Frankly, I am not sure why you would take such a strong position to the contrary. I don't get it. But, then, I don't care.