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<p>[QUOTE=&quot;calcol, post: 26593080, member: 77639&quot;]Yeah, that will be my strategy for bidding too.&nbsp; Decide the max I will pay, then max bid is 1/[1 + buyer’s premium as a fraction].&nbsp; If max total is $1,000 and premium is 20%, then max bid is 1000/1.2 = 833.&nbsp; 833 x 0.2 = 167.&nbsp; 833+167 = 1000.</p><p><br /></p><p>I don’t see any justification for the increase.&nbsp; The main expense difference between GC and Heritage/SB is that GC doesn’t send out paper catalogs.&nbsp; I often don’t look at these … they get recycled.&nbsp; There are higher res pics online.&nbsp; They often use pics from the grading services.&nbsp; Maybe pay a fee for it but probably cheaper than taking their own pics.&nbsp; These days, almost all their live auctions are held in their own facilities … much cheaper than holding them in distant hotels and convention centers like they did pre-covid.</p><p><br /></p><p>It’s ironic that much of Heritage’s success is due to early adoption of internet use.&nbsp; However, clinging to the old paper catalog model as well may start to cost them.</p><p><br /></p><p>&nbsp; Mike[/QUOTE]</p><p><br /></p>

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