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#1
11-29-2010, 12:26 PM
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Auction House Profits
Is this the way it works for the Auction Houses ? Assume 10% consignment fee and 20% buyers fee.
Item sells at $ 1000. Total to buyer would be $ 1200. Buyer pays $ 1200, Seller (consigner ) gets $ 900 and Auction House gets $ 300 in this example. Thanks , just want to know if I got this right. 
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