Posted By:
Jason Lthe entire concept of a buyer's premium is completely asinine.
Think about it - paying someone to sell you something is pure insanity.
I understand that if there are premiums added all over the pace, the true cost of the item is still found in the market, but let's stop playing around. The house should take a commission of the final price, net goes to the seller, and let everyone bid to their hearts' content!
I am a very open and rational and nice person, generally; however, this is one thing that I truly don't think anyone will ever get me to change my mind about. Ever. Like eating babies. You just don't do that.
The cost/burden should be entirely on the seller/consignor relationship.