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<blockquote data-quote="cfpinz" data-source="post: 1798022" data-attributes="member: 2383"><p>That would be all fine and dandy if the auction company charged the sellers less if there was a buyer's penalty, most still charge the same percentage. Let's work with 10% just for grins.</p><p></p><p>Sale with item that I'd spend $150 max on, no buyer penalty and 10% commission rate:</p><p>$150 - 10% = $135 takehome for the buyer, auctioneer nets $15.</p><p></p><p>Same item with a 10% buyer penalty and same commission rate:</p><p>$135 - 10% = $121.50 takehome for the buyer, auctioneer nets $27.00 ($13.50 BP plus $13.50 commission).</p><p></p><p></p><p></p><p>I can't help other people's stupidity, if they're willing to pay more than an item is worth just to say they bought it - more power to them. A fool and his money soon part ways.</p></blockquote><p></p>
[QUOTE="cfpinz, post: 1798022, member: 2383"] That would be all fine and dandy if the auction company charged the sellers less if there was a buyer's penalty, most still charge the same percentage. Let's work with 10% just for grins. Sale with item that I'd spend $150 max on, no buyer penalty and 10% commission rate: $150 - 10% = $135 takehome for the buyer, auctioneer nets $15. Same item with a 10% buyer penalty and same commission rate: $135 - 10% = $121.50 takehome for the buyer, auctioneer nets $27.00 ($13.50 BP plus $13.50 commission). I can't help other people's stupidity, if they're willing to pay more than an item is worth just to say they bought it - more power to them. A fool and his money soon part ways. [/QUOTE]
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