21 hours ago, aleksicwon said:
When I first started out , I had this confusion too . But is not correct . The buyer is buying at fair market value . The seller is the one getting burned . Let's say FMV is $500 ( as per GoCollect ) . You are likely to get the book at $500 . The seller however is only getting $417 ( 20% less for commission) .
I don't know why they call it "buyer's premium" . I think it is a marketing gimmick to hide the fact that the seller is getting burned . It is just commission that seller has to pay .
Agree with @Junkdrawe