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Posted By: barrysloate

One thing I agree with is a tiny increase in BP- for example, when they first jumped from 15% to 17.5%- was irrelevant in terms of how people bid, because there was no intermediate increment they could go to. So while the bidding was unchanged the auction house found a great way to add 2.5% to the coffer. That is no small amount in a $5-10 million sale.

But in the end the greater total cut the house gets, the less the consignor gets. And is there anybody left who still manages to get 20/20? If so, I need to get with the system.