Posted by paul on March 23, 2012 at 12:21:52 from (76.77.196.252):
In Reply to: auction saturday posted by mike stockwell on March 23, 2012 at 07:56:03:
Buyer's premium auctions are not well liked here in the midwest, tho more & more short-sighted owners are using them.
An auctioneer represents the buyer, and should get their check from the auctioneer, not from the seller. If bidding accordingly then what's the big deal, but it is a big deal.
Typically on-line auctions collect a % from the seller and the buyer, both.
I don't really care for on-line auctions, like to see what I'm bidding on and who I'm bidding against.
I think a lot of folks stop bidding when thwey find out they are bidding against an unseen, unknown bidder. The connection problems and delays sure mess up the flow of an auction.
Folks do whatever they wish, but I don't think on-line auctions or buyer's premiums have only helped auctioneers, not the people trying to sell their life's work.
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