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SESD | Purplewave is no big deal because it's an internet auction and everyone is on the same playing field with the 10%.
The ones I don't like is when they use proxibid. There are live bidders and internet bidders. There is probably no premium for most the live bidders. The proxy is a lot of times 2or3% capped at 750. I can even live with that if it's something I really want and a big ticket item. But the ones that want a straight percentage are ridiculous. Why even have it on proxy if you are going to have a straight 6% premium? When you are looking at big ticket items like 50K +, what are these auctions thinking? | |
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What do you consider a reasonable auction buyer's premium ?
