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#28
11-16-2006, 09:27 AM
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Mastro has raised Buyer Premium to 20%
Posted By: Jeff Lichtman
So Doug doesn't explain why they failed to inform consignors until AFTER the catalogues were printed and mailed, on the eve of the auction? All consignors should, en masse, threaten to withdraw their lots at this late time (if their contract allows for it). I guarantee that will get Mastro to cut their seller's fee by 2.5%. (God forbid Mastro should cut back the buyer's premium to the 17.5% figure -- the previously highest fee charged in the auction world) Well, at least you can't accuse Mastro of not being groundbreaking in some aspects of its auctions.... 
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