I just got through looking at an upcoming auction on Proxibid and saw that the buyer's premium was 27%.

WOW!! How high will these premiums go? It wasn't 6 months ago, a bought a couple of items and paid a 20% premium. I thought that was crazy high!

I'm curious how much a seller has to pay the auction house to sell items. Are they also getting fleeced like the on-line buyer?

Those of you that are close enough to attend these auctions in person, are you paying the same buyer's premium as what is listed on Proxibid? I'm curious to know if I'm already starting out 27% behind a person that is bidding in house.

Anyways, the auction I browsed had several items of interest, but with the buyer's premium that interest quickly disappeared.

Oh well it is what it is.


Edited by lando-4 (Wed Mar 22 2017 08:24 PM)
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Greg
On the lookout for Marland Oil / Conoco Globes