Quote:
Originally Posted by ullmandds
Does anyone know details regarding consigning Fine art to any of the major auction houses like Christies, Sotheby's etc as far as consignment fees, taxes, etc.
Will these houses waive consignment fees for 6 figure consignments?
Any help is appreciated.
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a friend of mine worked for Sotheby's and said the commission is anywhere between 20 and 30% and that they typically don't waive fees until you hit the 8 figure mark. If you find a smaller AH that normally deals with 4 and 5 figure works then they may waive the fee for a 6 figure work, but a 6 figure work is pretty chump change to the likes of Christies, etc.
I feel like sports stuff has a bigger network of channels to sell though, whereas the art AH's have you by the balls and they know it.