I hate it but have to see it from the auctioneer's point-of-view.
In the nearest city to me, Oneonta, NY - 20 miles distant there are two auction houses. One has stated he "will never charge a buyer's premium" while the other has been doing it now for 5 years. Lettis Auction and Austins Auction. The guy charging the 10% premium is getting a lot more business. Why ? I don't no and it doesn't seem fair. Maybe because he also has a Website where you can preview? But not only is he getting more business - he's making an extra 10% on all he sells.
If you were a local auctioneer and noticed more people going to the guy who charges the extra 10% - wouldn't you consider doing it?
Like I said, I hate it and find it insulting. Regardless, I suspect they'll all be doing it soon. A few old timers might be hold outs -but they'll die sooner or later.
The "hold out" in Oneonta, Jim Lettis DID die and new guy is running the place. I suppose it won't be long before he charges the 10%.
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