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#15
11-29-2006, 05:55 PM
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What is the rationale behind a buyer's premium on an auction
Posted By: Jeff Lichtman
I think the reason there is not a flat fee is due to the fact that the auction houses don't want to scare its clients off with a huge number. Instead, they can nickel and dime everyone to death and make it appear as if they are spreading around the pain instead of doing all that they can to take more money out of your pocket and more into theirs. 15% here, 20% there, $75 for a catalogue, blah, blah, blah. 
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