Posted by Mike (WA) on April 03, 2011 at 08:43:14 from (69.10.196.7):
In Reply to: auction premiums posted by steve terplak on April 02, 2011 at 19:15:03:
Nobody likes buyer's premium, but its strictly a matter of competition. In the bigger farming areas, you may be able to get away with boycotting it. But there's only one left around here, so if you boycot him, you don't go to any auctions. I go to consignment auctions at the Woodburn, OR auction yard, same deal.
Tlak's example below- $10 item, pay by credit card. Buyer pays $11.60. Seller ends up with 5 bucks, auctioneer gets $6.60. But what's your alternative?
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