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<p>[QUOTE=&quot;The_Cave_Troll, post: 86571, member: 1674&quot;]the difference is that this method seems a bit &quot;shady&quot;.&nbsp; I know that everyone does it and it is an accepted practice, but why is it necessary?&nbsp; Why should I, as a buyer, have to try to figure out what 87% of what I&#039;m really willing to pay is?</p><p><br /></p><p>The answer to that question is what makes it a little underhanded; if they eliminated the buyer&#039;s premium it is unlikely that the final hammer prices would be a full 15% higher than they are now.&nbsp; By dividing up the charges that will be assed to the buyer (and seller on a consigned item) the auction companies make more money than they would otherwise.&nbsp; Doug, while I respect you and your ability to stick to the price that you are willing to pay and that you are able to always refrain from bidding more than 87% of what you are willing to pay, that isn&#039;t necessarily the way everyone is.&nbsp; The auction houses understand this; their buyer&#039;s premiums prove that they do.[/QUOTE]</p><p><br /></p>

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