I can see where this gimmick comes into play.  You received 100% of the hammer 
price but maybe only received 75% of the real price realized for the object.  I 
can see where this sounds good to a seller but in reality the auction house is 
still receiving up to 40% of the real price the item sold for.

This does help clear things up for me.  The hammer price means very little when 
when a buyers premium is put into play.  To me, it is a gimmick to mislead 
buyers and sellers into thinking they got a good deal.  I wonder if this 
started out as a way to daze and confuse buyers and sellers?

Kind Regards,

Adam



 

----- Original Message -----
From: "[email protected]" <[email protected]>
To: Adam Hupe <[email protected]>; Adam 
<[email protected]>
Cc: 
Sent: Saturday, August 4, 2012 7:08 AM
Subject: Re: [meteorite-list] Auction Questions

Hi,

I have sold stuff at auctions where I received 100% of the hammer price. The 
auction houses only cut was the buyers premium.

Peter

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