Good article Joe.
The article states "Buyer’s Premium doesn’t concern me if I want the item: 11%."
From my experience I don't see folks adjusting their bidding down on the items I've been interested in at past auctions with high Buyer's premiums. I'd say the percentage in the above quote from the article is much higher for oil and gas auctions. In the end, I see items selling for more than what they are worth when the buyers premium is addded to the hammer price.
As each year passes, I'm coming to the realization, I need to win the lottery to continue collecting the items that catch my eye.
