Thread: The High Cost of Auctions-- Sotheby's increases buyers fee!
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Old 08-25-2007, 09:21 AM
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Default The High Cost of Auctions-- Sotheby's increases buyers fee!
Posted By: barrysloate

The auction business seems to work a little differently than real estate and some of the others. Real estate now has competition from "no fee" apartment listings and sellers who demand that realtors cut their 6% fee in half. I think it is difficult for them.

The auction business will probably soon face the same competition. It all depends upon the quality of the consignment- some are ordinary, others are world class. The auction house decides how badly they want them.

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