Auction Houses-Going, Going..Gone?

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Posted By: Bill Cornell

I'm curious to see where we are a year from now. There are too many auction houses and too little inventory for consignment fees to go up, but the practice of annual increases in buyers premiums is at an end. The squeeze is on auctioneers.

In a recession, stuff stops selling unless sellers are really motivated, usually for unfortunate reasons. The hobby isn't going to croak, it's just going to slow down a lot as people dash for the sidelines.

Agree fully with Cat that the system works. In buyers' favor, this time around.


Bill