Auctions to Axe Buyer's Premium?

June 4 2013

By Lawrence Hendra

We wish...

However, in response to declining attendance numbers, this New Jersey auction house decided to do just that, completely axing buyer’s premium in a recent sale for anyone who bought in the room and not remotely via the internet from elsewhere. It's amazing how much bidding is down via the internet now; I recently went to an auction in central London and could count on one hand the number of people sitting in front of the rostrum.

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