Posted By:
Ed HansI think we may safely assume that Skydash didn't pay any consignment fee. For a collection of this stature, auction houses are in fierce competition with each other and may offer to waive the fee. The auctioneers revenue would come exclusively from the buyer's premium. In fact, I wouldn't be shocked if part of the hammer fee were credited back to the consignor; ie a negative 2% consignment fee.