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#11
05-21-2018, 01:08 PM
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I have a question I have been meaning to ask on this board and relates to the topic of this conversation. If I wanted to consign a high-priced item(s) with one of the big auction houses such as REA, Heritage, etc., do I:
a) pay a consignment fee PLUS the buyer's premium of, say, 20%, b) a consignment fee ONLY, c) ONLY the buyer's premium of, say, 20%. Also, I have seen references to the big auction houses waiving or reducing fees for larger priced items. Are they waiving or reducing the consignment fee, the buyer's premium, and/or both? Also, is there an approximate dollar threshold that the AH's consider when determining whether to waive or reduce the fees? I would appreciate any feedback that people could provide. 
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