Quote:
Originally Posted by quinnsryche
I'd like to chime in with a question & comment. I have never understood why a buyer's premium is attached to these type auctions. I have to pay an additional fee for the right to purchase an item? Where else in society does this apply?  I can't think of one. Say what you want about Ebay, at least it's a simple "pay what you bid" system. And 17.5% seems ridiculously high. If you want $117.50 (for a $100 card) just make the minimum bid $117.50. |
It's just a shell game; as far as bidders are concerned, we only care about the total number out of pocket we will be paying - whether a % of that is described as a "buyer's premium" at a major auction house, or not, as on ebay, doesn't really matter - what matters is what we have to pay.