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Southeast Colorado | I figure the seller pays the fee whether there is a buyer's premium or not. If you watch big ticket items sell on internet auctions you will notice that most of the time the buyers are smart enough to bid accordingly. Most of these big ticket items on a 10% bidder premium auction will bring 10% less than a similar item with no bidder premium. In the case of Purple Wave.......... keep in mind that when you look up selling prices in their archives, they add in the buyer's premium when they record that amount. | |
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What do you consider a reasonable auction buyer's premium ?
