Posted by redforlife on June 02, 2022 at 01:23:05 from (174.210.133.181):
In Reply to: Buyers premium posted by Texas Cowboy on June 01, 2022 at 20:40:44:
Probably not that big of a deal for somebody that knows this, is clear about the auction circumstances, and only bids on one item when they go to an auction.
But when people forget for whatever reason, it's just a way to GOUGE a few extra dollars out of an item (or the buyer if you will) for the people who have a slip up, and forgot about the buyers premium.
You gotta realize, some people go to both kinds of auctions, and frequently. One little slip up of forgetting which type of auction it is, equals not bidding correctly on an item. If it's a buyers premium auction they made that mix up on, entails that they overbid on (overpaid what they intended for) that item.
There's people that are use to the old way they have been accustomed to for years. When introduced to the new buyers premium way, they are likely to forget a time or two, and well, you can imagine the rest. They bid as if they are at a normal auction that they are use to, and that leads to being hit with the buyers premium when they go to pay the clerk, and it really seems like they are getting stung when buyers premium was forgotten about while they were bidding. Usually when that happens, they are reminded of it when they pay the clerk. Then it's like, wait a darn minute here, and then that quickly turns into, I think I got took and screwed out of some extra money.
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