I've only been to one farm auction where the sale bill said anything about a buyer's premium... Apparently, there were so many complaints that it was dropped - I bought a tractor there, but only wrote a check for the amount I bid - nothing added to it. There are still enough auctioneers around that competition is keeping the buyers premium away, I think. One consignment sale that I've contributed to before has a fee scale of 25% (!) on item up to something like $100, 15% $101 to $1000, 10% $1001 to $10000, and 8%(?) for $10001 and up. With those rates, they don't need a buyer's premium. Most of the online auctions around here have a buyer's premium, usually 10%, and it's clearly stated under the terms of sale.
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Today's Featured Article - Tractors and the City Boy - by Ken. A few years back I came to the conclusion that city life wasn�t for me. The houses so close together you could hear the neighbors fight, traffic so heavy speed limit signs meant nothing. So I started looking for the ultimate country setting. After many months I found the perfect place, off the beaten path, up a private � mile drive, old stone house which has stood the test of time, out buildings which haven�t stood the test of time, trees, birds, rabbits, and snakes. This is the place! Bought
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