A buyer's premium has been around for a long time. Until a couple years ago
it seems as if the premium was hardly ever above 10%. Now it varies between
10% and 20% with 18% as the most prevalent. Lately, they have been adding a
hammer premium that seems to grow and grow and grow.
Never miss a chance to increase revenue.


On Thu, Sep 3, 2020, 7:42 PM Jon Elson <el...@pico-systems.com> wrote:

> On 09/03/2020 01:58 PM, Stuart Stevenson wrote:
> > Heh - tax on hammer of 6.25% and an 18% buyers premium equals a basic 25%
> > surcharge. They need to talk to some government or cell phone company
> wonks
> > to find a few more various and sundry names for extra charges. Pretty
> soon
> > the charges will be more than the bid price of the item at auction.
> >
> >
> In many states, you can get an exemption for sales taxes on
> capital equipment.  In MO they have a really good deal, any
> upgrade of capital equipment (including total replacement,
> repairs, upgrades and updates, tooling, etc.) is all exempt
> if you have a sales tax number.
>
> The 18% premium has been standard for a LONG time, IIRC.
>
> Jon
>
>
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