Quote:
Originally Posted by Lou Criscione
Can you imagine going to a Sports Memorabilia Show and striking a deal with a vendor for $100 - then he says to you- but I have to add 20% to the total? How would that sit with you?
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Lou,
That's not a fair analogy at all. I've never bid in an auction and had the auction house tell me
after the fact that I would be paying a premium, which is the hypothetical situation you describe.
That being said, I can understand why some bidders celebrate not paying a buyers premium. I don't share in their euphoria, but I understand it.