what happens if 3 major houses go under?

[Archive]

Posted By: rand

lets say 3 major auction houses shut down. does REA pick up all the slack? if so he will have to do more than 1 per year, ebay should also gain alot of attention. the article on mastro may have an effect on consignments, no?

[Archive]

Posted By: boxingcardman

Like weeds or roaches, you kill three and five more pop up.

Sic Gorgiamus Allos Subjectatos Nunc

[Archive]

Posted By: davidcycleback

The bidding on my 1991 Donruss near set doubles.

[Archive]

Posted By: JDRUM

I think that a lot of the fall out will depend upon whether the closings were purely business/financial related (too many) or shenanigan related. The preponderence of auction houses and auctions is related to the number of bidders fueling the demand with a seemingly unending supply of cash. Would something unseemly industry/hobby related drive a number of them away, who knows?

[Archive]

Posted By: boxingcardman

Look, the top 2 art aution houses in the world were caught colluding to fix prices. Their execs were convicted criminally. Still, there is an art market.

Sic Gorgiamus Allos Subjectatos Nunc

[Archive]

Posted By: rand

you're 100% correct.

[Archive]

Posted By: Richard Simon

The auction houses, Christie's and Sothebys, were convicted of price fixing regarding commissions that they charged, not over fixing prices.
==

I refuse to engage in a battle of wits with an unarmed opponent.
Unknown author
--
We made a promise. We swore we'd always remember.
No retreat baby, no surrender.
The Boss

[Archive]

Posted By: boxingcardman

And it didn't drive away art collectors, nor has the long history of sales of stolen art.

Sic Gorgiamus Allos Subjectatos Nunc

[Archive]

Posted By: Eric B

I read it the way Richard saw it - colluded to fix commissions, not prices. But now we know the whole story