Quote:
Originally Posted by Hordfest
Wait...so auction houses charge the sellers a 25% consignment fee AND buyers a 20% fee? And then possibly sales tax on top?!! What a freaking racket. These auction houses are just wringing collectors dry and getting rich in the process.
How do they stay in business?!
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Do you think that they pocket the sales tax?
Breaking news: taxes collected are remitted to the state taxing authorities