AH guys - ask me anything?

perezfan · #1 04-05-2022, 05:41 PM

Quote:

Originally Posted by BobC

I don't know for sure if they were charging the potential buyers a fee or not. I'm just assuming so. Otherwise, why would an AH offer to help sell things that otherwise might have been consigned back through?

Heritage charges the seller a 10% fee, and there is no fee to the buyer.

As an example, if Buyer and Seller agree on a $5,000 sales price, the Buyer pays $5,000 and the Seller receives $4,500 ($5,000, less HA's $500 cut).

This is a significantly lower commission than Heritage receives in a traditional Auction. In certain circumstances, it can be a "win-win-win" for buyer, seller, and auction house.

BobC · #2 04-05-2022, 06:22 PM

Quote:

Originally Posted by perezfan

Heritage charges the seller a 10% fee, and there is no fee to the buyer.

As an example, if Buyer and Seller agree on a $5,000 sales price, the Buyer pays $5,000 and the Seller receives $4,500 ($5,000, less HA's $500 cut).

This is a significantly lower commission than Heritage receives in a traditional Auction. In certain circumstances, it can be a "win-win-win" for buyer, seller, and auction house.

Thanks, my bad and I had it backwards. Shows you how little I paid attention to the offers I got through Heritage, and how quickly I said no thanks.

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