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Heritage Raises Coins BP to 20%
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<p>[QUOTE="princeofwaldo, post: 2819654, member: 24091"]I would expect that very few consignors would get less than 100% of hammer once the BP goes to 20%. What will happen short-term, is that big consignors who aren't aware the buyer's premium has been increased, will accept what they have been getting (and what hey thought was a good deal), --say 104 of hammer-- not knowing that 104 under the new system is only 101.5 under the old buyer's premium.[/QUOTE]</p><p><br /></p>
[QUOTE="princeofwaldo, post: 2819654, member: 24091"]I would expect that very few consignors would get less than 100% of hammer once the BP goes to 20%. What will happen short-term, is that big consignors who aren't aware the buyer's premium has been increased, will accept what they have been getting (and what hey thought was a good deal), --say 104 of hammer-- not knowing that 104 under the new system is only 101.5 under the old buyer's premium.[/QUOTE]
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Heritage Raises Coins BP to 20%
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