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#10
01-07-2025, 09:05 AM
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I think this is 100% the result of consignors having leverage and taking larger and larger pieces of the BP. Over the past 3-4 years, for high quality stuff most AHs would give -5% to -10% of the hammer (a quarter to half the BP); really great stuff gets even better terms. I think in order to compete, that amount has recently shifted to -7% to -12% and now that’s being passed through. So I am not sure it comes out of the consignors pocket, but the AH certainly ain’t taking the hit.
Nobody says you have to consign. Plus, it’s noteworthy that the BP on almost every other type of auction is 25%… 
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