[Archive]

Posted By: Jeff Lichtman

What some of you guys are not getting is that increasing the BP by percentage points only serves to reduce the seller's final take. So, it is a fiction that if Mastro reduces the consigment fee by x points but just increases the buyer's fee by the same x points that the seller is making out better. Clearly, buyers factor in the increased BP when making bids - thus reducing bids and costing the seller.