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Premier Exhibitions Inc. Message Board

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  • smaycs4 smaycs4 Dec 24, 2011 2:36 PM Flag

    Buyout above 250 Million ?...Why not

    How many qualified bidders do you really think there are going to be ?

    I can envision only one with a low ball offer.

    I think $5 million plus 8% is a lot of money.

    $21 million on a $200 million sale.

    Im quite sure Ive bought more items at auction than most of the posters here combined.

    Im fairly certain that in most cases, the total auction fees do not total 10.5%.

    Who pays what is not relevant. Commissions & fees reduce the amount a buyer is willing to pay.

    Now, if they can get 5-6 qualified bidders, they may well earn their 10.5%. That remains to be seen.

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