New Online Auction - Private Collection

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There's a new online auction open today through Aug. 13 at HeardAuction.HiBid.com. Do yourself a favor and check out this impressive collection. Whether or not you decide to bid (which you'd be crazy not to) - this is a fascinating collection. All from one owner.
 
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There are over 130 high-end handguns for sale now in an online auction in Oklahoma. It's open today through Aug. 13 at HeardAuction.HiBid.com. Do yourself a favor and check out this impressive collection. Whether or not you decide to bid (which you'd be crazy not to) - this is fascinating stuff to see. All from one guy!
For example: Magnum Research Desert Eagle Pistols, Ed Brown Products Kobra Carry Pistols, an American Eagle Tribute Pistol, Colt Python Revolver, Colt M1903 Pocket Hammer Pistol, Colt King Cobra Revolver, Smith & Wesson Revolvers, IMI-Israel UZI Model A Pistol, and so many more.
 
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16colt

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Can you help me understand the “buyer’s premium”? Does this mean that the current owner, aka seller keep all the proceeds form the sell w/ the exception of the buyer’s premium, or does the action company still take a commission and get the buyer’s premium?
 
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Can you help me understand the “buyer’s premium”? Does this mean that the current owner, aka seller keep all the proceeds form the sell w/ the exception of the buyer’s premium, or does the action company still take a commission and get the buyer’s premium?
Seller keeps about 90% of the proceeds. Auction company keeps BP and a small commission. You should see all the work that goes into hosting an online firearm auction. It's a big undertaking, to say the least.
 

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