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#7
12-22-2021, 05:25 PM
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They have to earn a fee. It's the same difference if they take it off the hammer price and call it a seller's fee, or add it to the hammer price and call it a buyer's premium, because any rational buyer will bid factoring in the premium and will end up paying the same either way.
Simply stated, rather than bidding 120 for an item on ebay, you would bid 100 knowing 20 is going to be added. Why buyer's premiums remain an issue for people really is beyond me. They're an issue for consignors to be sure, because they affect their take by depressing hammer price, not for buyers.
__________________
Net 54-- the discussion board where people resent discussions.  My avatar is a sketch by my son who is an art school graduate. Some of his sketches and paintings are at https://www.jamesspaethartwork.com/ Last edited by Peter_Spaeth; 12-22-2021 at 05:33 PM. 
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