[Archive]

Posted By: Larry

As Barry said very clearly, if you trust the auction house in general, those are the one's you should transact with, an educate buyer knows what they will finally pay, with or without BP...

It now seems that a good selling point for the smaller or larger auctions in the next year to note their own lots in a separate section or by asterisk as I first stated in the Clean Sweep Thread, and not because we should doubt their intentions, it is just good business if they restructure their business plan to disclose for their advertising benefit.

As far as buyer's premium on their own lots, that is now a new developement because the rationale behind a buyers premium on consignments is the consigned auction house has no margin unless the BP is instituted but if they own their own item, the bidding should go higher anyway so why is the juice necessary? Just a Thought!