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What do you consider a reasonable auction buyer's premium ?
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Mike SE IL
Posted 12/27/2014 20:00 (#4268724)
Subject: What do you consider a reasonable auction buyer's premium ?



West Union, Illinois

I'm an old fashioned stick in the mud so my short answer is 0, but let me explain why I am asking:

I was cruising around eBay and found an upcoming auction for a Farmall B.  The way the seller writes the description, payment, and shipping info makes me wonder if I really want to mess with them anyway.  Things like

INVOICES MAY BE SENT OUT A DAY OR TWO AFTER THE AUCTION
and
IF YOU DO NOT GET YOUR ITEMS PAID FOR BY MONDAY, THEN YOUR PACKAGE WILL BE SHIPPED AT OUR CONVENIENCE
Then I noticed there is an 18% buyers premium!
If you win a live auction item, you're charged a buyer's premium, a fee paid to the seller. The buyer's premium is calculated based on the bid amount.
I realize I'm an old fashioned stick in the mud, but that seems a bit excessive to me.

What do you consider a fair buyer's premium? 

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