Posted by JTinNJ on September 14, 2007 at 17:21:30 from (198.50.63.15):
In Reply to: Some auction questions posted by John N Mi on September 14, 2007 at 11:08:07:
I went to a Auction school a few years ago.For what I don't know now.I have not used it.Anyway,the topic of buyers premium was a hot topic.They really pushed it.If you think that if they are only charging a buyers premium and nothing to the seller,you are mistaken.Why would you give up 10% they kept saying.Charge the seller 20% and the buyer10%.And,anyone that thinks they will bid 10% below what they would otherwise will soon forget about the buyers premiun. I don't go to many auctions,and I go to none that have a buyers permium.
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Today's Featured Article - History of the Nuffield Tractor - by Anthony West. The Nuffield tractor story started in early 1945. The British government still reeling from the effects of the war on the economy, approached the Nuffield organization to see if they would design and build an "ALL NEW" British built wheeled tractor, suitable for both British and world farming.
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