“We decided to charge 10% buyer’s premium a year or so ago because we have streamlined our processes. In addition, we use BP to offset additional costs to our clients (sellers) and not as a profit center as some other companies do.
“Even at 10%, a buyer will divide the amount by 1.1 to come up with the maximum price they will pay for an item. 10% is EASY compared to the 15-18% and up that some companies charge. Now granted, everyone has their rationale for how and what they charge, so I am not chastising anyone with these comments. We choose to go our own way.”
Darron Meares, MBA, CAI, MPPA, BAS
COO – Meares Auction Group
Meares Auction Group
315 Eastview Road
Pelzer, SC 29669