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No wonder Heritage Auctions premium is so high!
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<p>[QUOTE="Packrat, post: 7889108, member: 71780"]I used to subscribe to Antique Week Newspaper. One of their columnists was an auctioneer and an attorney. When the buyer premium first came into being, he wrote a column in which he said the BP was a part of the sale price, and as such, it belonged to the seller, rather than the auction company. Auction companies quickly figured how to word their seller contracts to make sure they could double dip.[/QUOTE]</p><p><br /></p>
[QUOTE="Packrat, post: 7889108, member: 71780"]I used to subscribe to Antique Week Newspaper. One of their columnists was an auctioneer and an attorney. When the buyer premium first came into being, he wrote a column in which he said the BP was a part of the sale price, and as such, it belonged to the seller, rather than the auction company. Auction companies quickly figured how to word their seller contracts to make sure they could double dip.[/QUOTE]
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No wonder Heritage Auctions premium is so high!
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