Thread: The High Cost of Auctions-- Sotheby's increases buyers fee!
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Old 08-25-2007, 07:06 AM
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Default The High Cost of Auctions-- Sotheby's increases buyers fee!
Posted By: Tom Boblitt

yesterday..........

Either way, with 25% BP, they are COSTING the seller because bidders will factor that more and more into bidding. So it APPEARS that you don't have a sell-side premium but it's costing you in terms of what your item brings ultimately.

How long before the other Auction houses walk in lock step? Kinda like the old gas stations.......one raises, they all raise.........

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