Quote:
Originally Posted by griffon512
All we are talking about in a buyers premium is how, on the surface, an auction house and the seller decide to split the proceeds of a sale. Assume in almost all cases the buyer is going to pay full market price regardless of what the buyers premium is/how the auction house and the seller split the proceeds. It's also a safe assumption that most auction houses give a higher percentage of the proceeds on higher priced items -- the business models you mentioned for buyers premiums are not even close to unique. Some auction houses are explicit about giving back buyers premium percentage points to the seller and others understandably treat it on a case by case basis. That is no different than how business would be conducted in any other field. I've even heard of a case where an auction house paid out more than 100% of the proceeds on one truly iconic card. Again, it's understandable if that draws in more business.
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Hi James! How you been? It’s been a while. I hope all is well and I hope to see you one day soon at Philly or chantilly. Oh, and I agree with your post 100%