Posted by redforlife on June 02, 2022 at 01:23:05 from (174.210.133.181):
In Reply to: Buyers premium posted by Texas Cowboy on June 01, 2022 at 20:40:44:
Probably not that big of a deal for somebody that knows this, is clear about the auction circumstances, and only bids on one item when they go to an auction.
But when people forget for whatever reason, it's just a way to GOUGE a few extra dollars out of an item (or the buyer if you will) for the people who have a slip up, and forgot about the buyers premium.
You gotta realize, some people go to both kinds of auctions, and frequently. One little slip up of forgetting which type of auction it is, equals not bidding correctly on an item. If it's a buyers premium auction they made that mix up on, entails that they overbid on (overpaid what they intended for) that item.
There's people that are use to the old way they have been accustomed to for years. When introduced to the new buyers premium way, they are likely to forget a time or two, and well, you can imagine the rest. They bid as if they are at a normal auction that they are use to, and that leads to being hit with the buyers premium when they go to pay the clerk, and it really seems like they are getting stung when buyers premium was forgotten about while they were bidding. Usually when that happens, they are reminded of it when they pay the clerk. Then it's like, wait a darn minute here, and then that quickly turns into, I think I got took and screwed out of some extra money.
Upload one or more videos to your post. Photo and video filesizes should be less than 5MB. Formats allowed are gif, jpg, png, ogg, mp4, mov, and avi. Be sure to use filenames without spaces or special characters, and filetypes of 3 digits lower case.
We sell tractor parts! We have the parts you need to repair your tractor - the right parts. Our low prices and years of research make us your best choice when you need parts. Shop Online Today. [ About Us ]
Today's Featured Article - A Lifetime of Farm Machinery - by Joe Michaels. I am a mechanical engineer by profession, specializing in powerplant work. I worked as a machinist and engine erector, with time spent overseas. I have always had a love for machinery, and an appreciation for farming and farm machinery. I was born and raised in Brooklyn, New York. Not a place one would associate with farms or farm machinery. I credit my parents for instilling a lot of good values, a respect for learning, a knowledge of various skills and a little knowledge of farming in me, amo
... [Read Article]
Latest Ad:
1964 I-H 140 tractor with cultivators and sidedresser. Starts and runs good. Asking 2650. CALL RON AT 502-319-1952
[More Ads]
All Rights Reserved. Reproduction of any part of this website, including design and content, without written permission is strictly prohibited. Trade Marks and Trade Names contained and used in this Website are those of others, and are used in this Website in a descriptive sense to refer to the products of others. Use of this Web site constitutes acceptance of our User Agreement and Privacy Policy
TRADEMARK DISCLAIMER: Tradenames and Trademarks referred to within Yesterday's Tractor Co. products and within the Yesterday's Tractor Co. websites are the property of their respective trademark holders. None of these trademark holders are affiliated with Yesterday's Tractor Co., our products, or our website nor are we sponsored by them. John Deere and its logos are the registered trademarks of the John Deere Corporation. Agco, Agco Allis, White, Massey Ferguson and their logos are the registered trademarks of AGCO Corporation. Case, Case-IH, Farmall, International Harvester, New Holland and their logos are registered trademarks of CNH Global N.V.
