Is anyone following Wilson's online auction of CAB's proceeds of crime?
There are five one ounce gold bars and the current bid on each is in excess of €1500 to €1575.
The auction opened at 1pm today and ends on Monday.
There is a buyers premium of 20% plus VAT (on the buyers premium) so the total sale price (based upon current bids) will be circa €1930 per ounce bar, higher than today's price from a dealer.
Have bidders not done their research on the market price or factored in the buyers premium?
Am I missing something?
There are five one ounce gold bars and the current bid on each is in excess of €1500 to €1575.
The auction opened at 1pm today and ends on Monday.
There is a buyers premium of 20% plus VAT (on the buyers premium) so the total sale price (based upon current bids) will be circa €1930 per ounce bar, higher than today's price from a dealer.
Have bidders not done their research on the market price or factored in the buyers premium?
Am I missing something?
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