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Posted By: Wesley

As a consignor in the current auction, I am a little peeved as well. Like Jeff, if I had known about this in advance, I would certainly have chosen REA instead.

The higher buyer premiums will affect the decision of consignors more than that of buyers. Buyers can just factor in the final price into their bids, whereas consignors have more money taken out of the bottom line.

This is a good opportunity for other auction houses to pick up more consignments.