Quote:
Originally Posted by rand1com
Anyone who thinks auction houses can survive on a 20% BP with no seller fees is naive. Maybe a very small operation with low OH could but I doubt it.
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I would say it's HARDER for a smaller auction house as we're not taking in 6 and seven figure items that give us leeway on commission on the smaller items.
Quote:
Originally Posted by rand1com
Of course, if you consign a single $100K item, they will give you no fee and possibly half of the BP because they do virtually nothing for $10K on their end.
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Agreed (well I take minor exception to "do virtually nothing" but I agree with the overall point)
Quote:
Originally Posted by rand1com
It all depends on the amount of work and expense they incur that establishes any seller fees.
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Right. 1000 lots with a value of $100,000 can EASILY take 100 man hours to sell. One $100,000 lot takes an hour, tops.