Quote:
Originally Posted by G1911
As we do not have the complete financial records to account every penny of the companies finances, it seems more reasonable to think REA runs a profit than that REA runs a loss at this point in their business, at or near the top of a very profitable sector with auction prices exploding the last few years. Does anybody genuinely, seriously believe that REA is actively losing money?
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I doubt they are losing money but maybe not making as much as during the big boom. So taking a bigger share to keep up the bigger profit margin. It really doesn't matter how they increase the rates with simple math it always means the consigner gets less money and the AH gets more. The whole breaking it up into sellers premiums and buyers premium is just a way to make many people not understand that in the end they will be receiving less money for their consignment. As a buyer it is really meaningless how they do it.