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#7
04-15-2010, 02:40 PM
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I stopped considering the buyer's penalty as a "separate cost" long ago. In other words, I don't look at a $1,000 bid as a $1,000 bid and a $150 auction fee. It's a bid of $1,150, and I've accordingly factored in whatever percentage the house applies. It makes little difference to me how an auction house breaks down the money I've paid for an item. Heck, if they want to designate 90 percent of that $1,150 as a buyer's premium, what do I care? The bottom line is I've paid $1,150 for the item.
Last edited by Rob D.; 04-15-2010 at 02:41 PM. 
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