Quote:
Originally Posted by BobC
I don't know for sure if they were charging the potential buyers a fee or not. I'm just assuming so. Otherwise, why would an AH offer to help sell things that otherwise might have been consigned back through?
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Heritage charges the seller a 10% fee, and there is no fee to the buyer.
As an example, if Buyer and Seller agree on a $5,000 sales price, the Buyer pays $5,000 and the Seller receives $4,500 ($5,000, less HA's $500 cut).
This is a significantly lower commission than Heritage receives in a traditional Auction. In certain circumstances, it can be a "win-win-win" for buyer, seller, and auction house.