rick it would be better if it worked that way.
the only sense to a buyers premium is... sometimes but hardly ever does it ever lower the sellers cost but rather as our experience notes, in most cases it just simply ups the auction houses overall profits.
seth, the auction outfits that have added said buyers premium around here... have not and we stress, have not lowered their 20-30% seller rates one little bit to anyone! plus go figure... all auctions attended with same, get that much or more of a lesser bid from us because of this whatever given buyer premium increase on top of our bid. not to overlook... many auctions are passed by because of this action!
in addition when all is figured in, said and done... one cannot sell large amounts for less than 20%, so cant understand their apprension and or fear!
[This message has been edited by cdncon (edited 04-30-2008).]