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Net54baseball.com Forums - View Single Post - REA increasing their BP and making other changes
Thread: REA increasing their BP and making other changes
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  #6  
Old 06-14-2025, 12:22 PM
Musashi Musashi is offline
Brian R
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Join Date: Apr 2023
Posts: 94
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Quote:
Originally Posted by bandrus1 View Post
Can somebody explain to me the reasoning behind adding a BP vs taking a total amount of a final hammer price?

Is there a known psychology that people will bid higher with BP's vs total price
It actually has nothing to do with the bids or bidders, and is about consignors. Consignors expect to pay little or no commission on high end items, and at the top of the market, expect a piece of the buyer premium as well. Buyer premium is how auctions maintain their profit margin while competing aggressively for high end consignments.
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