How can I negotiate a buyer's premium effectively?
An example of an AI chatbot conversation about negotiating buyer's premium in auctions.
What strategies can I use to negotiate a buyer's premium?
You can start by researching the typical buyer's premium in your market, then express your concerns to the auction house.
Is it common to negotiate the buyer's premium?
Yes, it's becoming more common, especially in high-value auctions. Many auction houses are open to discussions.
What if the auction house refuses to negotiate?
If they refuse, consider whether the premium is worth the value of the item. You can also look for other auction houses.
Are there any legal aspects I should be aware of?
Yes, ensure you read the auction terms carefully. Some houses have strict policies on buyer's premiums.
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