Quote:
Originally Posted by cbcbcb
It seems that the buyer's premium would be almost entirely passed onto the consignor. When I bid, and I hope when most others bid, I price in the buyer's premium into the value of the item. If an item is worth $200, I will only bid $167 if there is a 20% BP. Thus, the consignor takes the entire hit. It would be interesting to do a study on this.
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I agree, and I think most buyers do also. If that's true, you're correct the co-signor takes the entire hit. However, it seems to me like the sellers get a premium on their products at these auctions (rather than eBay). So if the seller gets 20%+/- more than they would selling on eBay they really aren't "taking any hit". Dan