Auction Fees | Consigning Property To Auction Part IV

Auction Fees | Consigning Property To Auction Part IV: "Seller’s Commission is Negotiable

The seller’s fee is called a commission, and this can differ seller to seller, anywhere from 0% to 25% of the hammer price of an object. Why such a broad range in fees? Unlike buyers, sellers are not competing against each other, and simply put, great stuff drives the auction business. Bidders want to buy great objects, so auction houses want to sell great objects. And as a seller, if you possess the rare and beautiful, you’re in the driver’s seat. You can negotiate a lower commission than a seller with average goods, and even no commission at all if your item is exceedingly rare."