Quote:
Originally Posted by perezfan
For those who don't understand the BP.... How do you propose the auction house earn any income and have the ability to keep running? They aren't trying to "fool" anyone. The rules are clearly posted, and anyone with the ability to process information should be able to understand them.
The AH's ability to hire staff, pay internet fees and print catalogs is all contingent on the Buyers Premium. Perhaps those of you who are perplexed know of a better way for the AH to generate income and stay in business?
I guess this topic is destined to resurface at least once per year.  |
And countless other factors that all cost significant $$$. By the way, BP is pretty much universal and it tends to be much lesser than overseas. I participate in English record auctions and 30-35% is pretty much standard.