Goldin Increasing Buyer's Premium

[Peter_Spaeth]

Originally Posted by Yoda

So the guy who proudly proclaimed on UTube that he has a 9 figure bank account feels he has to squeeze consignors and buyers for another 2%. Despite what Gordon Geko said, greed is ugly.

Goldin Auctions is under common ownership now with PSA/CU. The decision may be coming from that level.

[Casey2296]

Originally Posted by Peter_Spaeth

Goldin Auctions is under common ownership now with PSA/CU. The decision may be coming from that level.

Agreed. After paying $200 million (I'm not sure if that figure is accurate) for the AH in 2021 at the top of the market, CU may be squeezing Mr Goldin to become more profitable to justify their investment.
I think an organically grown auction house that has lower expenses and no investors to answer to may have a market advantage moving forward.

[brianp-beme]

Originally Posted by Casey2296

Agreed. After paying $200 million (I'm not sure if that figure is accurate) for the AH in 2021 at the top of the market, CU may be squeezing Mr Goldin to become more profitable to justify their investment.
I think an organically grown auction house that has lower expenses and no investors to answer to may have a market advantage moving forward.

Brockelman Auctions fits the bill, with a buyer's premium of 15% and NO seller's premium on consignments. Scott should be getting more of our business folks.

brianp(arker)-beme

[pclpads]

In regard to Goldin's BP influence / impact on other AH's, I would bet it will be a case of "monkey see, monkey do." Just watch . . .

[sb1]

Originally Posted by brianp-beme

Brockelman Auctions fits the bill, with a buyer's premium of 15% and NO seller's premium on consignments. Scott should be getting more of our business folks.

brianp(arker)-beme

Thanks Brian!

Apparently the word is getting out, the auction opening later this month will have over 1,100 lots.

[Exhibitman]

Originally Posted by sb1

Thanks Brian!

Apparently the word is getting out, the auction opening later this month will have over 1,100 lots.