What are the spreads for selling at auction?
Blade
Posts: 1,744 ✭
I'm trying to understand the economic dynamics of buying & selling at auction. I understand the buying part. If there is a buyer's premium of 15%, it goes to the house. But is there a discount to the seller below the hammer price? I think I saw somewhere that there is also a spread going the other way. Is that correct? I can't imagine losing 30% on a coin to turn it.
Tom
NOTE: No trees were killed in the sending of this message. However, a large number of electrons were terribly inconvenienced.
Type collector since 1981
Current focus 1855 date type set
NOTE: No trees were killed in the sending of this message. However, a large number of electrons were terribly inconvenienced.
Type collector since 1981
Current focus 1855 date type set
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