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Posted By: Matt

Rob - we're on the same page - what I meant about the seller being out 40% is that if the seller would have sold that item without the auction house they would have kept the whole amount that the buyer paid; by going through the auction house, they're out approx 40% of that income. I just always assumed that the $$ the auction house took was from the buyer in the form of the 20%; I didn't realize they charge the consignor money as well!