Auction House terms
While a lot of Auction Houses do charge the 20% BP, there is some variability. Some charge as little as 12.5%. Again, all bids should in theory be equal regardless of BP as bidders take into account differing BP amounts and adjust accordingly, but imperfect information leads to market failures to use lame economics jargon.
There is also variability in sales tax.
As member SAllen2556 mentioned in the "Ethical Concerns Regarding Heritage?" thread, there are no governing body/standards for the sports card industry. To combine threads, my Festivus -- Airing of Grievances would be for some standardization. Would be great if ALL auction houses showed the sum total of your bid including the Buyer's Premium. I am only aware of two that show the total including BP--Heritage and Sterling.
Last edited by cgjackson222; 12-23-2021 at 07:46 PM.
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