[bijoem]

Rob -

I participate in an auction that has no BP - and though everything you said makes sense and is correct..... as a bidder, I like that format so much more. Much, much more.

It is probably all psychological.....
but as a bidder - without the buyers premium - I feel that I am not being 'charged' or 'taxed'. I feel it is the proper way to be treated as a customer. And, that any selling fee should actually be charged to the seller (not me! - why the heck am I being charged?!? yes, psychological).

Of course - it probably all equals out to be the same....

but - the only reason there is a BP is because auction houses are using the reverse of that very same psychology to court consignors.