[Archive]

Posted By: leon

My feeling is that Mastro makes a lot more in their auctions than the 100k-150k the catalogues cost. I definitely understand that they are expensive but if Mastro nets 5 million in revenue and they get 10% from the consignor, and 15% from the buyers they are making about 1.25 million of GROSS profit.....I know those highly paid staffers earn big bucks but I would think Bill ain't going broke....as far as the shipping fees I have always been ok with all of the auction houses....they aren't making their money on shipping and you are probably correct in that they just break even, at best, on them....all things considered....best regards all