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Posted By: barrysloate

When a fabulous collection comes on the market, the competition to get it is fierce. Sellers use this to their advantage and make huge demands on the auction houses. In some cases it's practically a life and death situation for the auction house to get it. So they will offer the consignor tremendous guarantees to keep it away from the competition.

In a red hot market it almost always works. In this economic climate, maybe not.