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Old 12-07-2010, 09:15 PM
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shaunsteig shaunsteig is offline
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Location: New York, NY
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Quote:
Originally Posted by glenv View Post
The buyer pays 12.5% more, but the seller gets $100 of every $112.5 (100/112.5). So the seller actually gets 88.889% of the final sale - even better than 87.5%.
you sure about that? does the seller's commission come off the hammer price, or the total price (ie including the BP) as you suggest. I had thought the hammer price...
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