Shrinking Buyers Premium ?

[mrreality68]

The reality is AH are businesses and they do not want to give up there profits so they will not drop prices unless they are forced to by lack of demand to drive more sales/profit

We as buyers just buy at the price we are willing to pay (including the BP)

And the same as seller for what we are willing to sell at to net our price.

[rjackson44]

I could care less

[Snapolit1]

If everyone uses perfect logic in buying items, knows exactly what they will spend and factors all the costs etc into every purchase decision, why do sellers still take full page ads in the newspaper every day yelling about car deals and discounts in real estate transactions?

[Snapolit1]

If I have 100,000 to bid on a particular card, I will end up with a higher bid if the buyers premium is lower. It may not affect me, but it's better for the seller to have a higher sale price, no?

[GeoPoto]

If I understand, you plan to PAY (no more than) $100,000, regardless of what the BP is. The question is why are you focused on how that $100,000 will be split between the consigner and the AH? That split has been negotiated and agreed to between them and has no obvious effect on you. It doesn't matter to the consigner how the $100,000 is apportioned between bid and BP; it only matters to the consigner that the $100,000 is apportioned between consigner and AH in accordance with their advance understanding.

[SAllen2556]

I don't think a shrinking buyer's premium would affect buyers, but might it affect consignments? The lower the percentage that goes to the house, the more I make as a seller, so if I sell a $100k card I make 90k instead of 80k. i'd like that.

[Snapolit1]

Sure Sotheby's is employing some logic here. Or they are another entity that doesn't understand how commissions work.

[parkplace33]

With the way business has been booming for AHs over last 10 years, I am actually surprised BP hasn't gone up more.