[calvindog]

Originally Posted by raulus

I’m not familiar with the terms of the private sale, but some of the other posts around here are quoting $6M for that private sale. Not sure which one is accurate or if any of us know for sure. But it seems like it would make a big difference in the gain to the seller, particularly if it was really $6M.

Second, some part of the $7.2M is going to the AH, and not to the seller. Even if it’s only 5% of the hammer, that’s $300K, which reduces the seller’s take a bit. Again, especially if the purchase price was $6M.

Third, $7.2M is only a disappointment when most of the talk in the press was for $10M+. Whether the consignor really expected to get that much is anyone’s guess. But if he bought into the National hype and publicity machine, then I’m guessing he feels like $7.2M is on the low end.

Finally, compared to everyone else who has been banking 100% to 300%+ gains over the last few years, 44% (or possibly less) probably feels like losing money.

Which part of the $7.2M is going to the auction house? The $0 part?