Quote:
Originally Posted by raulus
From the AH statement posted by Leon, it sounds like the consignor will get the hammer price plus 60% of the BP?
If so, that seems like a pretty solid deal for the consignor.
Probably would be helpful to take a gander at that contract to see what it says.
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I would agree with the above as well, if indeed the consignor is getting the full winning bid amount plus 60% of the buyer's premium. Sounds like a possible miscommunication between parties...that contract when we see it should hopefully spell out this scenario.
Brian