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Gold bid prices on Government Luxury Goods Auction

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  • 01-12-2023 5:25pm
    #1
    ATC110
    Registered Users Posts: 300 ✭✭


    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.

    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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