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Originally Posted by Snapolit1
Nothing about my original question had anything to with how this would affect or not affect my potential buying activities. I just asked why AH's don't do it to for their own economic reasons. I then got 15 responses saying who the hell cares and why would it matter to me as a buyer. And then a 5 minutes internet search reveals that Sotherbys does exactly what I suggested. And more why would I care responses.
But, hey guys, I get it. You personally don't care about the buyer's commission. We've all sort of heard that. Many times. Sort of a bit of a broken record at this point. Believe it or not, there was a different question on the table. For some reason Sotherbys believes it is in their interest to have a declining commission rate. Of course Christies does the same thing. Curious why they have a business model different than in our little world.
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This is not about caring about the buyer's premium. It is about being aware of it and factoring it into the cost you will pay. BP is factored into what I pay...just like sales tax is. It is a cost I have to pay if I want to win something by being willing to outbid the guy whose bid I need to top. I also do not begrudge houses who want to earn a living charging the buyer and the seller.
As for Christies and Southebys I suspect their declining rate is due to the fact that they routinely sell very expensive items. I have no bid with either but they are in collectible fields which eclipse sports cards values more regularly...not that sports cards do not reach those high 6 figure and 7 figure values.