What is the point of the "Buyer's Premium"?

Lorewalker · #1 09-22-2022, 01:43 PM

Quote:

Originally Posted by raulus

"This is the best that we can do"...is the response I always get when they quote me consignment fees and I ask to pay less.

Admittedly, it's been a few years since I last consigned anything. But it sounds like I'll need to do some shopping around the next time I'm ready to take something to auction.

As I replied to you yesterday, I have no idea what you are offering as a consignment or to which houses but but only 1 time I was told there would be a fee and I knew that house was not for me. I took what ended up being a 75K consignment elsewhere.

raulus · #2 09-22-2022, 01:56 PM

Quote:

Originally Posted by Lorewalker

As I replied to you yesterday, I have no idea what you are offering as a consignment or to which houses but but only 1 time I was told there would be a fee and I knew that house was not for me. I took what ended up being a 75K consignment elsewhere.

Awesome. I haven’t ever consigned anything that valuable before, so maybe that’s my issue.

Pat R · #3 09-22-2022, 05:05 PM

I would think a buyer's premium also has to simplify accounting and other records.

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