IMO, it is just semantics. As a bidder or as a consignor, I could not care less what you call the AH's cut. And as a bidder, I don't care at all about the percentage, except as an input to a calcuation.
If there truly were a large number of bidders out there who are so clueless that they don't take the premium into account when bidding, then I would have a different perspective, but I don't believe it.
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Last edited by Peter_Spaeth; 05-20-2018 at 04:01 PM.
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