Buyers premiums are a blight on the whole auction system . Look...

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    Buyers premiums are a blight on the whole auction system . Look at the art scene ,25% charged to the seller and same to the buyer in some major houses . . An auctioneer MUST work in the best interest of the vendor , to add a buyers premium merely reduces the potential of what the knockdown price might achieve. I know an agent who tried this at an on farm clearing sale in the hunter valley a few years ago, No one turned up.
 
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