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Posted By: Michael Steele

I do like the sliding scale. It is a great way to induce higher ticket items. I think most other auction houses may adopt this over time. In reality, the consignment fee side of this is already working the same scale because as we know, some houses will lower or waive the fee for higher ticket items.

The only small negative is the buyer or seller that deals with items under 1300 or so as the rate goes up 2.5% which impacts bidding but 17.5 is still in line with the industry. Disclaimer: I do not work for H&S but consider them a fine auction house.