The "Buyers Premium" rip off
I thought the purpose of the liquidation is to generate revenue from which the creditor's outstanding bills will get paid. What is the so-called "buyers premium" fee that gets added to purchases of store furniture and fixtures during the liquidation?
Is this money that will go to pay the creditors or is it a side little slush-fund that the liquidators get and keep that no one else ever sees or that even gets accounted for as part of the offical sale.
It seems to me a little hokey that if you put a price tag of $100 on a book case unit it should cost the customer $100 or $100+ sales tax if applicable. But instead it costs $110 plus any tax. If you are going to charge $110 instead of $100 why not just price it accordingly. Or is this a marketing gimmick to fool people that they are paying less only to nail them for an additional 10% at check-out.
Look at it this way. The signs say "due to circumstances there is a 10% buyers premium on fixture sales." What circumstances? What the hell does that mean? This just smells fishy.
Is this money that will go to pay the creditors or is it a side little slush-fund that the liquidators get and keep that no one else ever sees or that even gets accounted for as part of the offical sale.
It seems to me a little hokey that if you put a price tag of $100 on a book case unit it should cost the customer $100 or $100+ sales tax if applicable. But instead it costs $110 plus any tax. If you are going to charge $110 instead of $100 why not just price it accordingly. Or is this a marketing gimmick to fool people that they are paying less only to nail them for an additional 10% at check-out.
Look at it this way. The signs say "due to circumstances there is a 10% buyers premium on fixture sales." What circumstances? What the hell does that mean? This just smells fishy.