Quote:
Originally Posted by parkplace33
Every time there is a new auction, there are a ton of posts in this board about it. Hell, the opening day of bidding is like a holiday around here.
I know guys say they incorporate the bp into bidding, but if you really want the item, that notion goes out the window.
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Yes but this is true when we get outbid also. People I'm bidding against bump the final price I'll have to pay far more than the bp.
Heritage is one of the best at putting the actual cost (bid + bp) in parentheses to inform the bidder of what he's actually committing to spend. So, my conclusion is that with elevated buyers' premiums, the ah wins and the consigner loses, while the bidder is unaffected - the money the winning bidder pays just gets distributed differently between consignor and ah.