Thread: The High Cost of Auctions-- Sotheby's increases buyers fee!
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Old 08-25-2007, 09:08 AM
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Default The High Cost of Auctions-- Sotheby's increases buyers fee!
Posted By: Max Weder

In the case of 0% consignor fee, 25% buyer's, the consignor gets $10,000; the auction house gets $2500 on a final price all in of $12,500.

In the case of a 5% consignor fee, 15% buyer's fee, the consignor gets $10,326 and the auction house gets $2,174 on a final price all in of $12,500.

Unless of course my math is wrong.

e&o.e

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