Subject: Re: Buyer's Premiums at Auctions

From: [email-masked] (Jim Harvey)
Date: Mon, 02 Oct 1995 21:34:32 GMT

[email-masked] (Laddie Martinek ) wrote:

>In <[email-masked]> [email-masked] (WRitt) writes: 
>>
>>I live in CT, and attended an auction this week, and there was no
>"buyers
>>premium". Nobody I've talked to has heard of it on this coast yet.
>>
>>Bill Rittner
>>Manchester, CT

>some autions hear in NYC have buyers premiums

Out here on Long Island the standard "Buyer's Premium" is 10%
The only thing they don't do is wear a mask......

Jim Harvey
[email-masked]
[email-masked]
http://www.wp.com/HarveyRacing
>                         Laddie

---

From: Robin Kinkead <[email-masked]>
Date: 4 Oct 1995 21:13:26 GMT

If you haven't run into a "buyer's premium" auction, then you haven't been 
to many auctions.

They are usually either:
 o high-tone-snooty-artsy
 o pushing some kind of specialty stuff like militeria or glass
 o held in a rented hall
 o by someone from out of town

Needless to say, you should WATCH what's going on very carefully.
Likely you will wind up bidding against air at some point.

Robin