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Whiskey, Tango, Foxtrot | This question is always amusing. There is one auction I know of that charges a 10% buyers fee, and the sellers are only charged a $500 advertising charge, and a flat $10/item. So, they are charging less than most auctions, but they have changed who they are charging.
I personally could care less. Auctions usually clearly state it up front that there is a buyers fee, and I passed the third grade math required to calculate that on top of my bid. A buyers fee doesn't change how much I'm willing to pay for an item. They can charge 50% if they want, their auction. It is interesting how AgTalk supports a free market economy until it comes to land rent and auction fees, then we go to pure communism.
One auction down south charges 18%. I think that is a good number as sales tax is 8%, so it makes it real easy to just add 25% to bids as your watching them. | |
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What do you consider a reasonable auction buyer's premium ?
