Gang(s), A rare post to both of the marque lists I monitor. Christine just sent me an eBay listing (for furniture, but read on...) for a fairly expensive item that contained a provision for a 22.5% buyer's premium in the terms of sale. Since I had not seen this before, other than the occasional "documentation fee" from car dealers that sell on eBay, I wondered if anyone else had seen anything like this before in an online auction. I know that we put up with buyer premiums in collector car auctions ranging from 8-15%, and they have become the rule in the machinery auctions that I sometimes attend in the course of our business. However, this seller has obviously confused their place in the auction continuum with Christie's or one of the other high-end houses. It goes without saying that any purchaser should read and understand the terms and conditions of sale for items that he buys, and this one was not particularly sneaky. I just didn't expect to see that particular term on an eBay listing. Cheers, Mike Heroy
