This auction house charges you a Buyer s Premium ...

This auction house charges you a Buyer s Premium , as if it is somehow a great privilege that you are allowed to buy from them. Just think about it. Would you go into any other business and pay this. Go into any major or minor retailer. Pick say $1000.00 in merchandise. You get your sales slip and they want $1250.00 plus any applicable taxes. You show them the mistake and they tell you it is a Buyer s Premium . Would you pay it? Why pay it here? The hammer price is the same as the price in a retail shop. Why are you paying more?

The bidder has $1,000.00 to spend on an item you have consigned and must take into consideration the buyers premium. Say that premium is 20% that means on the $1,000.00 dollar item there is only $834.00 to spend before the rest is eaten away by the premium. The higher the premium the less the bidder has before the rest is eaten away by the premium.

Just something to think about.