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#11
11-15-2006, 07:17 PM
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Mastro has raised Buyer Premium to 20%
Posted By: cmoking
Fred, the problem is not the hike to 20%. The problem is that consignors in their December auction feel bamboozled because they were not told the BP would be raised to 20%. From the Mastro contract, it sounds like Mastro is covered as they state the BP will be at least 15%. 20% is at least 15%. But many consignors still feel it was unfair. I agree with them. 
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