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<p>[QUOTE="Jim Dale, post: 6344867, member: 100459"]I guess I started something about auction houses. Evidently, it has become standard practice by the auction houses to have buyers pay the "mark-up" on items sold. The sellers become a client to the auction house and the auction house charges the buyer a fee based on the selling price of the coin. (Am I correct so far.) The auction house gets a "bonus" for selling the coin. The high the final selling price, the higher the auction house's bonus will be. So, the auction house does a "toe dance" to entertain byers so they will pay more for the purchase. (I say "toe dance", because all of the auctions I have seen, the auction houses have men stationed around the audience and they are entertaining the buyers so that they are get worked up and spend more. I've only seen car auctions on TV for my source of my statement. Which part of what I've said is wrong?[/QUOTE]</p><p><br /></p>
[QUOTE="Jim Dale, post: 6344867, member: 100459"]I guess I started something about auction houses. Evidently, it has become standard practice by the auction houses to have buyers pay the "mark-up" on items sold. The sellers become a client to the auction house and the auction house charges the buyer a fee based on the selling price of the coin. (Am I correct so far.) The auction house gets a "bonus" for selling the coin. The high the final selling price, the higher the auction house's bonus will be. So, the auction house does a "toe dance" to entertain byers so they will pay more for the purchase. (I say "toe dance", because all of the auctions I have seen, the auction houses have men stationed around the audience and they are entertaining the buyers so that they are get worked up and spend more. I've only seen car auctions on TV for my source of my statement. Which part of what I've said is wrong?[/QUOTE]
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