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Auction Guarantees
Gazes
Posts: 2,315 ✭✭✭✭✭
I have read about auction houses giving guarantees to sellers in the art market for paintings they are anxious to have sold by their auction house. Has such a deal occurred yet in the coin market (ie an auction house guaranteeing a certain amount to a collector who consigns his or her collection ) ?
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Well, with Great Collections you can get 50% of an item's expected sales price up front. That's sort of a guarantee.
Not really. If it sold for less than you were advanced, you would have to pay the difference.
-Paul