Quote:
Originally Posted by jayshum
It's been a rule for as long as I can remember bidding in the auction:
15. BIDS PLACED AFTER 2:00 AM EST ARE SUBJECT TO A 5% ADDITIONAL BUYERS PREMIUM, 10% AFTER 2:30 AM EST; MAXIMUM BIDS PLACED BEFORE THIS TIME ARE EXEMPT FROM THIS.
I would guess the added premium goes to the house but could possibly be negotiable if their standard BP is.
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This is the first time seeing this rule. Crazy.