John Josef
Well-known member
I'm curious about all of the above as well Steve.
I *think* HH usually does post-sales, so that will be interesting to watch as well. Their consignor fee is 20% for most stuff (you have to admire the auction business model - no inventory costs, while buyers and sellers pay you at the end of the day!). And from their terms, looks like they charge an additional fee if you decide to start the bidding at a higher price then their experts recommended...and your piece doesn't sell.
The Auction Hauses cleanup, don't they make 20% off the buyer and 20% off the seller.?
I may be getting my Auction Houses mixed up, but I believe they do post-sales as well. I also think the longer it sets the lower the percentage they charge.